Understanding Exclusions and Limitations

When you purchase an insurance policy for your home or property, you want to make sure you thoroughly understand what you’re buying. Although you will certainly want to make sure your policy covers what you want, you’ll also want to understand what is not covered by your policy. These items or events that are not covered most often present themselves as exclusions or limitations. Here’s more about these two insurance Read More

Insurance Law: Bad Faith Explained

As a property owner, you carry insurance on your property to protect you in case of any accidents. When you pay your insurance bill, you expect your insurance company will return the deed if your property needs repairs. Unfortunately, this isn’t always the case. If your insurance company fails to pay you for your repairs, you might be eligible to bring a bad faith case against them. Here’s what you need to know about Read More

6 Examples of a Breach of Policy

You may not realize it, but you or your insurance company may have breached your home insurance policy. It’s important that you don’t breach your policy because you want to stay insured, and it’s important that your insurance company doesn’t breach your policy because otherwise you could sue them. Naturally, you wouldn’t want to do anything to breach the policy because it would void your insurance coverage. Read More

Claim Denied: What Can You Do Next?

After your home or property are damaged, you file a claim with your insurance company. They review your claim, and then they decide whether it should be approved or denied. If your claim is denied, don’t lose hope. There are still three things you can do to possibly get your damage covered. 1. Contact your insurance company and ask them to review your claim. It’s possible that when you filed your claim Read More

Understanding First-Party Claims

If you purchased your home with a loan from a financial institution, you probably also had to purchase homeowners insurance. This insurance is supposed to provide a safety net for just in case anything bad happens to your home. Accidents happen, disasters strike and, when they do, your insurance policy should have you covered. After your property has been damaged, you will need to file a first-party claim. Read More

4 Ways Water Can Damage Your Home

When you think of winter, you might not think of the possibility of water damage to your property. However, many properties in Florida are damaged by water from hurricanes, flooding, or other disasters. Here are the top four ways water can damage your home. 1.  Flooding When people hear the word flooding, they might think of torrential rains or a river out of its banks. While these natural disasters can cause Read More

3 Sneaky Clauses to Look for in Your Insurance Policies

When you purchase an insurance policy for your home or business, you expect that your property will be covered in the case of an accident or natural disaster. Unfortunately, this isn’t always true. Sometimes, insurance policies have deeply-buried clauses that release the company’s obligation to cover you. Here are three sneaky clauses to look for in your property insurance policies. 1. Insurance Read More

6 Steps Insurance Companies Take to Investigate Claims

An accident can result in claims of property damage, personal injury, or a combination of the two. Once you submit your claim, an adjuster will be assigned to your case. The purpose of the adjuster is to investigate your claim to determine exactly who or what is at fault. Here are the steps that insurance companies take to investigate claims. Initial information gathering You filed an insurance claim, so Read More

5 Examples of Insurance Fraud

If you are filing an insurance claim on your homeowner’s policy, you want to make sure you get the payout that you are entitled to. Taking the time to ensure your claim is filed properly and completely right from the start will help avoid delays and get your claim properly settled. Unfortunately, many people are tempted to try to increase their claim through insurance fraud. While it may seem like an easy way to get Read More

5 Tips for Negotiating with an Insurance Adjuster

If your property has been damaged and you file a claim, you may think like most people that one of two outcomes are possible. First, the insurance company will offer you a reasonable amount for your claim and you accept it. Or the second option, which is you will have to sue the insurance company in order to get what you are entitled to. The reality is, however, that in most cases you will actually have to negotiate Read More