It is important to understand the principle behind the duty to mitigate and its scope when facing an insured loss.
Often the reason why these coverages are thought of separately is that they come with separate policy limits.
Judges are loath to overturn an appraisal award based on the merits of the decision.
Policyholders owe it to themselves to actually read their own policy and determine the extent of Ordinance and Law coverage.
Following is a summary of important terms property owners should know during the claims process.
A good contractor knows these limits, and trains its sales force to honor the limitations.
Prejudice in this context means the insurance company has been hindered in investigating and adjusting the claim.
Does the existence of old hail or wind damage result in no coverage for the new damage?
Insured property owners need to be thoughtful about two important deadlines that often fall on the same date but are not the same.
This article is to give a framework for understanding whether your business or homeowners policy may provide coverage.