Important Things You Need to Know About Roof Hail Damage Insurance Claims

In states like Texas and Colorado, it’s not uncommon to get hail the size of golf balls or larger, which can lead to plenty of hail-related insurance claims. These large hailstorms can create thousands of hail damage insurance claims in a single area, overwhelming your insurance company and its adjusters, making the claims process long […]

When Should You Call Your Insurance Company To Make An Insurance Claim?

When Should You Call Insurance Company For A Claim

So you’ve experienced a problem that may warrant an insurance claim. When should you tell your insurance company? Should you tell your insurance company? Today, we’re answering all your questions about when to call your insurance company to file an insurance claim after experiencing a loss for a home, business, commercial property or personal property. […]

Homeowners Insurance Claim – Can I Do the Work Myself and Pocket the Difference?

DIY Home Repairs for Claims

If you recently received a payout from your homeowner’s insurance company, then you may be wondering if you need to use a third party repair company. Are you allowed to complete home repairs yourself? Can you charge the insurance company for your own labor? Are you allowed to pocket extra money left over from your […]

What is Recoverable Depreciation on an Insurance Claim?

Understanding Your Insurance Policy Contract

Recoverable depreciation is an important concept in the insurance industry. If you’re in the process of making an insurance claim, then it’s important you understand how recoverable depreciation works. You may already know about depreciation. Depreciation is the method of allocating the cost of an asset over the course of its useful lifetime. When you […]

Everything You Need to Know About Overhead & Profit (O&P) in a Property Insurance Claim

Calculating Insurance Claim Value

Overhead and profit, or O&P, is an insurance term typically seen in property insurance claim cases. But what is overhead and profit? How does it relate to your claim? Today, we’re explaining everything you need to know about overhead and profit as it pertains to your property insurance claim. What is Overhead and Profit? If […]

Understanding Water Damage Insurance Coverage And Claims

Flood Water Damage To Homes

Water damage is the second largest type of insurance claim. According to the International Standards Organization (ISO), the percentage of water damage claims is increasing. People have many questions about what a home insurance policy covers and why ‘gradual damage’ is not covered. Exceptions in an insurance policy for water related damages make the topic […]

Texas Blue Tarp Bill Negatively Affects Policy Holders

Blue Tarp Bill

Texas insurance companies scored a huge win earlier this year by lobbying the Texas Congressional and Senate members to pass House Bill 1774 and Senate Bill 10. By doing so, the worst of the worst of slow and underpaying insurance companies will now have the legal ability to create a wider spread between the actual […]

The Best Water Damage Insurance Claims Tips

Flooding Water Damage Hurricane

Water and flooding cause more damage than any other cause of loss on insurance claims. Furthermore, insurance claims for water damage are the most complicated when it comes to determining if coverage applies or the amount that’s covered. Almost every insurance policy excludes certain types of water damage. There may be exclusions such as “wind-driven […]