First Party Property

Should You Hire a Public Adjuster?

By Jesmany Jomarron, Esq. What we often hear from potential clients is, “Why would I need my own adjuster? Doesn’t the insurance company provide me with an adjuster?” The answer to this question is both yes and no. Yes, they do provide an adjuster to investigate and settle your claim; but no, that adjuster does…

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Mediation: What You Need To Know

By Wesley J. Farrell, Esq. What is Mediation? Mediation is a process where the parties involved in a dispute sit down with a neutral third person (the mediator) who is trained to help people come to a mutually satisfactory solution of their conflict. Until a dispute becomes an actual lawsuit, mediation is entirely voluntary; it…

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Examinations Under Oath: What You Need To Know

By Wesley J. Farrell, Esq. Recently, it seems like I have been privy to a relatively high number of insureds asked by their carrier, following a loss, to submit to an examination under oath. If you are filing a significant claim with your insurance company, you can expect that there will be some level of…

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Reasons Your Property Insurance Claim May Be Denied

By Jesmany Jomarron, Esq. After a disaster such as a fire or flood occurs to your home or business, perhaps the worst news is finding out that your claim has been denied. It might seem like a shock to receive a notice of claim denial from your insurer. However, there are many reasons for an…

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How An Attorney Can Help With Your Property Insurance Claim

By Mario E. Lopez, Esq. After all the years of paying your home insurance premiums, you expect to be covered for all of your losses. Although you paid good money for your insurance coverage and expect good service, you may be disappointed to find out that insurers look to minimize their losses and pay you…

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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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La Importancia de Mitigar Los Danos Después de una Pérdida en Tu Casa

By Mario E. Lopez, Esq. Cuando su casa está gravemente dañada por un incendio, tormenta de viento, tornado u otro peligro, uno de los deberes más importantes que debe hacer es actuar rápidamente en las reparaciones de emergencia de la vivienda, asegurando la propiedad a evitar mayores daños. Eso significa que, como mínimo, debe cubrir…

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How Climate Change Affects Insurance Rates

By Jesmany Jomarron, Esq. While much has been made of the reasons for climate change on our planet, not a lot of discussion has taken place around the effects on the property insurance market. When it comes to calculating the likelihood of catastrophic weather, one group has an obvious and immediate financial stake in the…

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What is Force-Placed Insurance?

What is Forced-Place Insurance?

By Mario E. Lopez, Esq. Most people use lenders, or mortgage servicers, to secure mortgages when purchasing a home. In mortgage contracts, there are generally provisions that require borrowers to maintain property insurance on their homes. Force-placed insurance, also known as creditor-placed, lender-placed or collateral protection insurance is an insurance policy placed by a lender,…

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What is a Proof of Loss?

By Wesley J. Farrell, Esq.  After a loss, an insurance company will sometimes request that you complete and sign a form called a Proof of Loss. A proof of loss is a statement of the amount of money being requested in your insurance claim and it must be signed and notarized. A Proof of Loss is…

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