Property Insurance
Top 5 Insurance Claim Tips
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 from Mario E. Lopez,…
Read MorePost-Loss Compliance: Giving Immediate Notice of Your Loss
All property insurance policies impose responsibilities on an insured in the event of a loss. One of those responsibilities is to provide notice of the claim. The purpose of a policy’s notice provision is to allow the insurance company to evaluate its rights and afford it an opportunity to investigate the claim. In Florida,…
Read MoreReplacement Cost Value vs Actual Cash Value
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 various ways to calculate…
Read MoreFPJL Announces Passage of Bill to Help Curb Bad Faith Insurance Practices Post-Maria
We are excited to announce that on Tuesday, the Governor of Puerto Rico, Ricardo Rosselló, signed six bills into law that seek to grant justice to the island’s policyholders as thousands of claims remain unresolved more than a year after Hurricane Maria. Gov. Rosselló says the new measures are designed to expand coverage options for…
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