ACV

How to Read and Understand Your Insurance Policy

By Ricky K. Patel, Esq. Insurance policy language, although required by many state laws to be “easy to understand,” isn’t always easy to understand. When is the last time you sat down to read your insurance policy from beginning to end? It’s important to remember that an insurance policy is a legal contract between the…

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Additional Living Expenses: What You Need to Know

By Wesley J. Farrell, Esq.  One of the most valuable portions of a residential insurance policy is often overlooked when an insured purchases the policy. Living Expense coverage provides compensation to you when you are unable to live in your dwelling or home due to an insured loss or claim, while your home is being repaired. Most…

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Top 5 Insurance Claim Tips

By Mario E. Lopez, Esq. When disaster strikes, stress and the feeling of being overwhelmed and unfamiliar with the process can make your property damage claim a lot worse. After all the years of paying your home insurance premiums, you expect to be covered for all of your losses. Here’s five insurance claim tips: 1.…

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Replacement Cost Value vs Actual Cash Value

By Jesmany Jomarrón, Esq. Terms like Actual Cash Value and Replacement Cost Value are seldom used outside of the property insurance industry. However, they determine how much an insurance company will pay you for your property insurance claim. After your insurance company determines that an insurance policy provides coverage for a loss, the insurer has…

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