Chip Merlin | Property Insurance Coverage Law Blog | May 22, 2018 Overhead and Profit can generate a lot of debate when insurance company adjusters are looking to meet their adjustment severity goals and lower claims payments. But have you ever wondered how those same insurers instruct their sales people to calculate overhead and profit… Continue reading Farmers Insurance Recognizes 25% Contractor Overhead and Profit!
Tag: Farmers Insurance
Review of the Farmers “Next Generation” Homeowner’s Policy, Part 2: Appraisal
Robert Trautman | Property Insurance Coverage Law Blog | July 22, 2015 In Part 1 of my review of the Farmers “Next Generation” Homeowner’s Policy, I explored Farmers; new definition of Actual Cash Value. In this post, we are going to explore the new appraisal clause offered by Farmers. The standard appraisal clause in an HO-3… Continue reading Review of the Farmers “Next Generation” Homeowner’s Policy, Part 2: Appraisal
Review of the Farmers “Next Generation” Homeowner’s Policy, Part 1: Actual Cash Value
Robert Trautman | Property Insurance Coverage Law Blog | July 17, 2015 Anyone who has made their living in the insurance claims business over the last few years has heard of the Farmers “Next Gen” policy. I thought it would be a good idea to look at this policy and compare it to the standard HO… Continue reading Review of the Farmers “Next Generation” Homeowner’s Policy, Part 1: Actual Cash Value