Commercial Property Owners: Know Your Rights When Disaster Strikes
If you own commercial properties, you already understand that catastrophes such as hurricanes can have devastating consequences to your building(s). However, the loss after a major hurricane is almost never limited to the structural damage, so it is important to think about the intangibles to make sure you are getting what you are owed, and what you deserve under your policy. Commercial policies may include coverage for Business Income and Professional Fees.
When Homeowners Face Hurricane Season & Ongoing Property Damage Claims
Hurricane season is right around the corner and lately we have been getting calls from homeowners asking what they should do if a hurricane or storm damages their property during the time of a pending settlement regarding a prior property damage claim. Here is some helpful information just in case you are faced with this situation for the 2019 Atlantic hurricane season which runs from June 1st to November 30th according to the National Oceanic and Atmospheric Administration (NOAA). (1)
Roof Damage: Repair vs. Replace
If your home has been damaged by the recent hurricanes to hit Florida, then you likely have come across an issue regarding your roof that many property owners are currently facing: repair or replace? Insurance companies are just that, companies, and are in the business of making money. One of the many ways insurance companies stay profitable is by saving money on claims. When it comes to roof damage, rather than pay for an entire new roof, insurance companies will try to pressure property owners to repair their roofs, resulting in significant savings to the companies’ bottom lines.
Exceptions In My Homeowners Insurance Policy
Most Florida homeowners would agree that they keep paying insurance premiums on their home so that they are financially protected from accidental damage to what most consider their most valuable asset – their home.
Are The Accident Attorney Ads I See On TV Even Real?
You have seen the TV commercials and the billboards from law firms that show people claiming to have made hundreds of thousands of dollars in a car accident case. I’m sure you’ve asked yourself, “Is this real?” Can injured people really “win” a ton of money in a lawsuit? What are the chances of this actually happening? And, what has to happen in order for an injured person to get so much money from an accident?
Florida Bad Faith Law – Is Your Insurance Company Acting In Good Faith?
The current Florida bad faith law is comprised of both common law and Florida Statute. Under Florida Law, an insurer has a duty to exercise good faith in evaluating and examining the validity of claims against its insured.
Although Florida does recognize third party common law bad faith actions, Florida does not recognize a first-party common law bad faith cause of action. Most of Florida’s bad faith litigation stems from Florida Statute 624.155.
A 10-Step Guide To Avoiding The Probation Trap
The most important thing you should do while on probation is report to probation and keep regular contact with your probation officer. This sounds like an obvious requirement to probation but many probation violations are for people simply never reporting to probation. You can almost guarantee no reinstatement will be available if you fail to report to probation.
Contractors: Is An Insurer Refusing to Pay You Pursuant to an Assignment of Benefits Contract?
In Florida, a growing number of contractors, including those who provide emergency mitigation services, use an Assignment of Benefits (AOB) contract. Here’s how an AOB works:
The AOB allows for the insured (assignor) to transfer their rights to collect the benefits for the contractor’s services over to the contractor (assignee). Under normal circumstances, t
What Is An Assignment of Benefits Contract?
If you’re a Florida homeowner, you’ve probably heard some news about (and maybe even noticed an increase in the discussion surrounding) Assignment of Benefits (AOB) contracts and how they impact Florida consumers. The goal of this article is to give you a basic idea of what an AOB contract is and how you can use it to your benefit.
Your Florida Auto Insurance Questions Answered
As a Florida resident, you may have asked yourself the following questions: 1. What are the minimum requirements for auto insurance in Florida? 2. What auto insurance coverages should I have in Florida?