Insurance Policy

FPJL Successfully Passes Law to Protect The People of Puerto Rico From Bad Faith By The Insurance Industry.

By Ricky K. Patel Esq.  On September 20, 2017, Hurricane Maria brought unthinkable devastation to the doorsteps of Puerto Rican citizens and businesses by destroying homes, livelihoods, and the island’s scenic coastline. In the aftermath of the hurricane, policyholders on the island were met with an adversarial claims process marked by long delays, mismanagement and…

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What is a Reservation of Rights Letter?

By Mario E. Lopez, Esq.  A reservation of rights letter is a document from your insurance company that explains various reasons why the insurer might not cover a certain claim. When you purchase homeowner’s insurance, property insurance, or business owner’s insurance, you expect your insurance company to cover certain situations. You pay a premium to…

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How To Prepare For a Recorded Statement

By Ricky K. Patel,Esq.  If you recently filed a property insurance claim, you may receive a phone call from an insurance adjuster asking you to give a recorded statement. This can be stressful for property owners who may not feel fully comfortable submitting to questioning. However, giving a statement may be required under the terms of…

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How to Create a Home Inventory to Help Speed Up the Insurance Claim Process

By Wesley J. Farrell,Esq. A home is often someone’s largest investment and therefore, property insurance coverage is crucial so that the home and any contents are covered in the event of a catastrophe. We recommend completing a room-by-room home inventory so if you have an insurance claim in the future, you will have a permanent…

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What is a Contingency Fee Agreement?

By Mario E. Lopez, Esq. In certain types of lawsuits, the lawyer who represents the person suing may agree to accept a part of the money the client recovers as the fee for services. This is called a contingent fee agreement. The standard contingency fee for an attorney is a percentage amount rather than a…

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Signs Your Insurance Company is Acting in Bad Faith

By Mario E. Lopez, Esq. Insurance policies are like a safety net. If a hurricane, fire, or other disaster damages your home or business, it’s safe to say you would expect your insurance company to quickly pay your claim, right? Unfortunately, the insurance claim process isn’t always as straightforward as it should be. What Is…

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Does My Insurance Policy Cover Mold Damage?

By Jesmany Jomarron, Esq. In some cases, ordinary homeowners’ insurance will absolutely cover mold. In other cases, mold is not covered under a typical homeowner’s insurance policy. Mold damage is quite often a result of preceding water damage. By default, a homeowner’s insurance policy will not cover mold damage. However, home insurance policies will cover…

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Interrogatories in a First Party Property Insurance Lawsuit

By Wesley J. Farrell, Esq. Interrogatories are written questions sent to another party in the case, typically an opposing party to be answered under oath. They are one of the major discovery tools and, are often one of the first used after a first party property insurance suit is commenced. Interrogatories can be a fast…

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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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