by Ed Beckmann | Mar 31, 2023 | Fraud, Insurance Claims, Insurance Claims 101
COOPERATION CLAUSES Insurance companies can deny a claim in its entirety due to a lack of cooperation during the claims process. This article reviews the basis for such a denial and how a property owner can overcome it. Insurance policies include a cooperation clause...
by Ed Beckmann | Feb 23, 2023 | Fraud, Insurance Claims, Insurance Claims 101
Insurance companies will refuse to pay claims due to two similar, yet different, reasons: fraud and lack of cooperation. This article will discuss an insurer’s claim an insured property owner committed fraud. There is a distinction between criminal fraud proven by a...
by Ed Beckmann | Jan 20, 2023 | Insurance Claims, Insurance Claims 101
Insured Wisconsin property owners have an opportunity to collect interest on their insurance claim. Interest is important because pursuing a disputed insurance claim comes with the cost of not having money properly in the hands of insured property owners. The purpose...
by Ed Beckmann | Dec 16, 2022 | Insurance Claims, Insurance Claims 101
Insured Minnesota property owners who take their disputed insurance claim to appraisal can recover interest on the award. Appraisal is an out-of-court dispute resolution process comparable to arbitration. In Minnesota, it is the forum to decide the amount and cause of...
by Ed Beckmann | May 28, 2021 | Insurance Claims, Insurance Claims 101
WHAT TO DO WHEN AN INSURANCE COMPANY WILL NOT APPRAISE Insurance companies can be stubborn and refuse to appraise the scope of a loss. In my experience, there are three reasons for this position: The insurer claims no event occurred that could cause damage (i.e., no...
