by Ed Beckmann | Mar 31, 2020 | Insurance Claims, Insurance Claims 101
The Proof of Loss What is a Proof of Loss? A proof of loss is a document an insured property owner signs, under oath and before a notary public, that states the amount of the claim. The document states the amount of money the insured property owner believes the...
by Ed Beckmann | Feb 28, 2020 | Insurance Claims
ASSESSMENT COVERAGE A unit owner’s policy (HO-6) may include coverage of loss assessments by the association. This article is to help you understand if there is coverage in your policy. Triggering Loss Assessment Coverage Assessment coverage is typically triggered by...
by Ed Beckmann | Jan 30, 2020 | Claim Types, Insurance Claims
Unit Owner Coverages If you are a townhome or condominium unit owner that has sustained property damage your insurance policy will include numerous kinds of coverage. These policies are often referred to in the insurance industry as HO-6 policies. The following is an...
by Ed Beckmann | Dec 30, 2019 | Insurance Claims
THE INSURANCE APPRASIAL Appraisal is an out-of-court dispute resolution process that resolves the amount of loss with finality. You can think of an appraisal as being like arbitration. In fact, in two of the three states where I am licensed the rules that govern the...
by Ed Beckmann | Nov 26, 2019 | Insurance Claims
Insured property owners have a duty to cooperate with an insurance company’s investigation of a claim as outlined in their policy. Often referred to as the cooperation clause because it helps property owners understand how they must cooperate with an insurer....
