by Ed Beckmann | Jan 29, 2021 | Insurance Claims, Insurance Claims 101
HOW APPRAISALS SHOULD UNFOLD The Standard to Enforce Appraisal Awards In a previous post I gave an overview of an insurance appraisal and how it functions. With this post I will describe with a bit more detail the procedural rules for how an appraisal should unfold....
by Ed Beckmann | Dec 31, 2020 | Insurance Claims, Insurance Claims 101
ORDINANCE AND LAW COVERAGE Most insured damage arises from a direct physical or financial loss to property. The main coverage in most policies is for any “loss or damage” arising from an insured event such as fire, hail, water etc. Yet many policies also cover repairs...
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...
