Tag: Insurance Estimates

Florida Department of Insurance Says Anybody Hired By a Licensed Public Adjuster Can Participate in Preparing an Insurance Claim By Writing the Insurance Estimates of Damage

Chip Merlin | Property Insurance Coverage Law Blog | October 18, 2018 The Florida Department of Financial Services (DFS) has issued an email authorizing Florida licensed public adjusters to hire anybody to make estimates of damage. This email corrects my latest two blogs which indicated that the OIR wanted to prevent those not licensed from working on insurance… Continue reading Florida Department of Insurance Says Anybody Hired By a Licensed Public Adjuster Can Participate in Preparing an Insurance Claim By Writing the Insurance Estimates of Damage

Labor Depreciation: Growing Trend Can Result In Trouble for Individual and Commercial Policyholders

Paige C. Fishman | Hellmuth & Johnson PLLC | March 8, 2017 A trend in insurance called labor depreciation could leave you holding the proverbial bag when it comes time for a covered repair. The practice, which only continues to grow, can leave claimants without the necessary funds required to rebuild an insured structure. Labor… Continue reading Labor Depreciation: Growing Trend Can Result In Trouble for Individual and Commercial Policyholders

Is a Repair Cost Estimate Relevant When Repairs Are Based on Actual, Incurred Costs?

Edward Eshoo | Property Insurance Coverage Law Blog | April 7, 2017 I recently was involved in a lawsuit in which the insurer paid for some of the costs incurred by the insured in repairing his building following a loss. The insurer’s payment was based on a repair cost estimate prepared by its independent insurance… Continue reading Is a Repair Cost Estimate Relevant When Repairs Are Based on Actual, Incurred Costs?

Depreciation of Labor Class Action — Minnesota Supreme Court Oral Argument

Wystan Ackerman | Robinson & Cole | November 8, 2015 I’ve been following closely a series of class actions around the country alleging that, in calculating the “actual cash value” of property damage under a homeowners or commercial property insurance policy, insurance companies should not be applying depreciation to the labor component of the replacement… Continue reading Depreciation of Labor Class Action — Minnesota Supreme Court Oral Argument

Insurance Appraisal as an Insurance Claim Dispute Resolution Tool

Eugene Peterson | Advise & Consult, Inc. Over the past few months, I have been amazed, even surprised to learn that many legal professionals are totally unaware of an alternative method of dispute resolution for insurance property claims, when the adjuster and the insured cannot come to agreement. We all know of arbitrations, mediations and… Continue reading Insurance Appraisal as an Insurance Claim Dispute Resolution Tool