by Ed Beckmann | Nov 30, 2020 | Insurance Claims, Insurance Claims 101
INSURANCE CLAIM TERMINOLOGY People new to the insurance claim realm often struggle with the terminology. The word adjuster is used within three terms, and while the terms are similar the distinctions are important. Following is a summary of important terms property...
by Ed Beckmann | Sep 30, 2020 | Insurance Claims, Insurance Claims 101
NOTICE AND PREJUDICE Notice Property owners have an obligation to provide notice of a claim soon after loss or damage has occurred. This obligation is found in the insurance policy. It is a contract obligation held by the property owner. Insurance companies can...
by Ed Beckmann | Aug 31, 2020 | Insurance Claims, Insurance Claims 101
OLD AND NEW DAMAGE My clients often find themselves in the difficult predicament of finding new wind or hail damage, but the insurance company calls it old damage that is not covered. What to do? Does the existence of old hail or wind damage result in no coverage...
by Ed Beckmann | Jul 31, 2020 | Insurance Claims, Insurance Claims 101
TWO DEADLINES TO CARE ABOUT Insured property owners need to be thoughtful about two important deadlines that often fall on the same date but are not the same. These two deadlines are the deadline to claim or complete repairs to recover replacement cost benefits, also...
by Ed Beckmann | Jun 29, 2020 | Insurance Claims, Insurance Claims 101
DOES INSURANCE COVER RIOTS AND LOOTING? The hottest topic in insurance circles is whether property damage from recent riots and looting is covered by insurance. Like coverage of damage arising from COVID-19 business closures, the immediate but unsatisfying answer is...
by Ed Beckmann | May 28, 2020 | Insurance Claims 101
CAN AN INSURNACE COMPANY SLOW AN ADJUSTMENT DUE TO COVID-19? Many property owners are frustrated by slow insurance claim processing due to COVID-19. People ask whether insurance companies can slow the process due to the pandemic. My general answer is, “yes, they...
