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Property Insurance

27 May

Posted at 16:19h in Bad Faith, First Party Property, FPJL, Hurricane, Hurricane Maria, Insurance Policy, PC 1645, Property Insurance, Puerto Rico by
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  By: Farrell, Patel, Jomarron & Lopez | Property Litigation Attorneys One of the largest real estate agencies in Puerto Rico, Autoridad de Edificios Públicos de Puerto Rico or “AEP”, has retained the law firm Farrell, Patel, Jomarron & Lopez to represent them in the fight against...

27 Jan

Posted at 15:46h in Actual Cash Value, ACV, First Party Property, First Party Property Insurance, Insurance Policy, Property Insurance by
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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...

18 Dec

Posted at 21:16h in First Party Property, huracán, Hurricane Deductible, Notice, Property Insurance by
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By Mario E. Lopez, Esq. El seguro de hogar ayuda pagar los arreglos o la reconstrucción necesarios para su casa y reemplazar su propiedad personal debido a una pérdida cubierta. Después de presentar una reclamación de seguro en Florida, probablemente sentirá una cantidad apreciada de alivio de inmediato. Todo debería...

07 Dec

Posted at 21:38h in Claim Denial, First Party Property, Notice, Post-Loss Compliance, Property Insurance, Timely Notice by
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By Wesley J. Farrell, Esq. 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...

05 Dec

Posted at 12:21h in Actual Cash Value, ACV, First Party Property, Property Insurance, RCV, Replacement Cost Value by
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By Jesmany Jomarrón, Esq. Actual Cash Value and Replacement Cost Value are important insurance concepts because 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...

01 Dec

Posted at 21:34h in Bad Faith, Firm News, First Party Property Insurance, FPJL, Hurricane, Hurricane Maria, PC 1054, PC 1058, PC 1645, PC 1727, PC 1729, Property Insurance, Puerto Rico by
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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. Gov. Rosselló says the new measures are designed to expand coverage options for the island’s policyholders...