That letter from the insurance company changes the tone of your claim fast. One minute you’re trying to repair a home, reopen a business, or make sense of fire, water, storm, or theft damage. The next, you’re being told to appear for an examination under oath and answer questions from the insurer’s lawyer under oath. […]
What Is Coinsurance Penalty? – Coinsurance is a penalty clause in property insurance that cuts your claim when you carried less coverage than your policy required. Under a common 80% coinsurance requirement, a $100,000 loss can be reduced to $75,000 before the deductible if you insured $600,000 on a property that required $800,000 in coverage. […]
The fire is out. The family is safe. The carrier’s adjuster acts calm, professional, and helpful right up until you see what they say they are going to pay for your fire damage claim. Worse, is everything they conveniently left out. Smoke damage in rooms that “look fine.” HVAC contamination nobody priced. Contents valued like yard-sale […]
Rain is coming through the ceiling, the drywall is stained, the insulation is soaked, and your insurance company is already looking for a way to call it anything other than a covered loss. That’s where most homeowners get blindsided. They assume storm rain inside the house equals coverage. The carrier starts talking about wear and […]
You opened a claim because your house took damage. Then the insurance company sent an estimate that barely covers cleanup, let alone proper repairs. Now you’re staring at a policy full of definitions, exclusions, endorsements, and deductibles that seem designed to confuse you. That frustration is justified. If you’re asking what does my homeowners insurance […]