Property Insurance

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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¿Cuánto tiempo tiene una compañía de seguros para pagar una reclamación?

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 volver a encaminarse y arreglarse a su debido tiempo,…

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What is Law and Ordinance Coverage?

By Mario E. Lopez, Esq. Even if your home is insured for replacement cost value, if you do not have Law and Ordinance Coverage, you probably do not have the protection you think you have. A standard replacement cost policy will pay to replace “new for old,” but only if the building codes (ordinances or…

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An Overview of the Appraisal Process in Florida

By Ricky K. Patel, Esq. Are you thinking of suing your insurance company because it won’t agree to pay what your adjuster or contractor says is needed to fix your hurricane-damaged roof? Don’t be surprised if your insurer sends your dispute to an alternative resolution process called appraisal. Appraisal is designed to be a simple and…

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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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Post-Loss Compliance: Giving Immediate Notice of Your Loss

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 rights and afford it an opportunity to investigate the…

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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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