Christina Phillips | Property Insurance Coverage Law Blog | September 20, 2019 It can be difficult after a fire for an insured to remember with 100% certainty what personal property they had in their home. Most likely, receipts and other purchase records have also been destroyed. As such, public adjusters in preparing estimates and/or proofs… Continue reading Can Misrepresentations In a Proof of Loss Void Coverage?
Category: Insurance Coverage
Insurance Regulations Prohibit an Insurer From Just Standing By Its Repair Estimate When An Insured’s Estimate Demonstrates the Cost to Repair Is More – Another California Practice Tip
Victor Jacobellis | Property Insurance Coverage Law Blog | September 21, 2019 In California, the moment an insured obtains a repair estimate that exceeds the insurer’s estimate, the insurer must either pay the difference or adjust its original estimate. This rule is set forth in the Fair Claims Settlement Practices Act, 10 Cal. Code Regs. § 2695.9(d).… Continue reading Insurance Regulations Prohibit an Insurer From Just Standing By Its Repair Estimate When An Insured’s Estimate Demonstrates the Cost to Repair Is More – Another California Practice Tip
Arson of Vacant House: Covered Fire Loss or Excluded Vandalism?
Paul LaSalle | Property Insurance Coverage Law Blog | September 14, 2019 In a recent case,1 a federal appeals court addressed the issue of whether fire damage to a vacant dwelling from an arsonist was considered distinct from vandalism, so as to not implicate an exclusion within a homeowners insurance policy. In that case, Wells Fargo… Continue reading Arson of Vacant House: Covered Fire Loss or Excluded Vandalism?
Now That Insurers Can’t Legally Enforce Their $5,000 Wildfire Smoke Damage Caps, What Have They Done To Make Up For Their Unanticipated Losses?
Daniel Verhoff | Property Insurance Coverage Law Blog | September 12, 2019 Many insurance companies thought they would have to pay no more than $5,000 for each California wildfire claim but are ending up paying hundreds of thousands if not millions. These companies sought to reduce their exposure to wildfire losses by capping their liability for wildfire… Continue reading Now That Insurers Can’t Legally Enforce Their $5,000 Wildfire Smoke Damage Caps, What Have They Done To Make Up For Their Unanticipated Losses?
Restoration Contractor Revenue and Profit Is Important If Policyholders Are Going To Get Quality Work
Chip Merlin | Property Insurance Coverage Law Blog | September 10, 2019 Steve Patrick is a guru for those estimating property insurance losses. He made a suggestion on Level The Playing Field, for a construction book, Markup & Profit: A Contractor’s Guide, Revisited. His suggestion caught my eye since Merlin Law Group keeps this work in our reference… Continue reading Restoration Contractor Revenue and Profit Is Important If Policyholders Are Going To Get Quality Work