You’ve had a flood in your kitchen. You’re now wondering how to get insurance to pay for your water damaged kitchen cabinets. Will most homeowner’s insurance cover a water damage emergency (and the cleanup)? Will they pay for water damage to cabinets? That depends. Sudden & Accidental Homeowner’s insurance is designed to cover sudden and […]
Author Archives: Tavisha
"ACV Only" Policies, Insurance Policy Issues, Insurance Policy Reviews, Loss Settlement, Underinsured Claims, Water Loss, Wilshire Insurance Company
Wilshire Insurance’s Loss Settlement Endorsement LSH01
30
Jun
Jun
Are you a Wilshire Insurance Company policyholder? If so, you’ll want to pay attention to what I’m about to tell you. If you have a homeowner’s policy, you may have read (or likely did not read) the Loss Settlement Endorsement that came with your new policy or renewal. No, it’s not sexy, but you’ll thank […]
Insurance Companies, Insurance Policy Issues, Insurance Policy Reviews, Slab Leak, State Farm, Uncategorized, Water Loss
State Farm Does NOT Pay For Plumbing Access in Arizona
14
Apr
Apr
Arizona Homeowners insured with State Farm Insurance need to be aware that State Farm does not pay for plumbing access costs. For many of our clients, that can amount to thousands of dollars of out-of-pocket costs when their plumbing fails by bursting or collapsing, causing damage to their homes. If you’ve had […]
12
Aug
Aug
One of the most unfortunate situations we run across in our industry is when a homeowner has experienced a water damage claim (burst pipe, failed water supply line, water heater failure, etc.) and by the time they call us to come out to their home, all the damaged areas are gone – removed and discarded […]
American Summit Insurance Company, Insurance Companies, Insurance Policy Issues, Insurance Policy Reviews, Insurance Terms Defined, Underinsured Claims, Water Loss
American Summit Insurance Company – Limit of Liability for Water Losses
09
Feb
Feb
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 […]
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 […]
19
Dec
Dec
Over the past month, our firm has seen quite a few slab leaks. Typically, when there is a plumbing failure in the concrete slab and water goes everywhere – creating damage in your home or business – the insurance company will pay to either break open the concrete to gain access to the plumbing 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 […]
11
Nov
Nov
I’m currently working on a fire claim for a client who is underinsured on their home by just under 20%, and on their personal property by at least 50%. They, like many homeowners here in the Phoenix area, thought that insuring their home for the market value would be sufficient. However, the market value of […]
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