AMERICAN SUMMIT INSURANCE COMPANY – LIMIT OF LIABILITY FOR WATER LOSSES This is the first in a series of posts highlighting specific insurance company’s policies. The reason we picked this one is because it’s relevant to one of our “water loss” clients at the moment. Our firm specializes in water losses and fire losses. One […]
Category Archives: Insurance Terms Defined
Insurance Policy Issues, Insurance Terms Defined, Reasons for Claim Denial, Recoverable Depreciation, Water Loss
A Homeowners Policy is a Homeowners Policy, Right?
03
Feb
Feb
PURCHASING YOUR HOMEOWNERS POLICY When you meet with your insurance agent to buy your homeowners policy, how much time do you really spend with them going over the various coverage options available to you? If you’re like most people, you count on your agent to sell you the policy you need – the one that […]
Insurance Policy Conditions, Insurance Policy Issues, Insurance Terms Defined
Don’t Get Caught With a Coinsurance Penalty.
23
Mar
Mar
I had the pleasure of meeting a very nice couple a few weeks ago. They called our office to come and take a look at damage from an apartment fire that occurred in one of the multi-family buildings they own in Tucson. During our initial telephone call, I asked some of the particulars about their […]
05
Dec
Dec
If you’ve ever gone through an insurance claim involving any type of property loss, you’ve probably heard the insurance company’s adjuster throw around terms like “Replacement Cost,” “Actual Cash Value” or “ACV,” and “Depreciation.” These are all standard terms that those of us within the industry are familiar with. However, to the average policyholder the […]