When you file an insurance claim, you expect fair treatment by your insurer and prompt resolution of your claim. Unfortunately, it’s not always the case. You may encounter challenges when seeking compensation or settling your claim, which can be frustrating....
Insurance Law
Business interruption claims: How is lost income calculated?
Expecting the unexpected is a key part of owning a business. In Florida, events like hurricanes and mandatory evacuations can force businesses to close temporarily. For some, this can mean losing thousands in daily revenue or needing to lay off valued employees in...
Can an insurance company ignore a large claim?
People rely on insurance when something unexpected goes drastically wrong. Homeowner's insurance, for example, helps pay for expenses after substantial damage to a residence caused by inclement weather or criminal activity. People often don't have enough money set...
Can you object to an insurer’s settlement offer?
After you file an insurance claim, your insurer will typically conduct investigations and present you with a settlement offer to cover your damages. However, the offer may not always meet your expectations or fully compensate you for the losses you incurred. In such...
How Florida’s Insurer Accountability Act benefits those making claims
The Insurer Accountability Act, recently enacted in Florida, marks a significant step toward ensuring fairness and transparency in the insurance sector. This legislation aims to protect policyholders by holding insurers to higher standards of accountability and...
Can you appeal your homeowner’s insurance claim denial?
You get homeowner’s insurance for a specific reason. If something damages your home, property or belongings, the insurance company is supposed to help compensate you for that loss. Therefore, it can be incredibly frustrating when they deny your claim. Now, what are...
What is the difference between replacement cost and ACV coverage?
Understanding home insurance can be puzzling for many homeowners. One common concern is figuring out the difference between replacement cost and actual cash value coverage. It is more than just paperwork because it can greatly affect your finances when you need to...
When can someone utilize business interruption insurance?
There are so many moving parts in a successful business organization that it is frankly impossible for even the most competent and experienced professional to appropriately address them all. Many entrepreneurs and executives invest in multiple kinds of outside help,...
Do I really need uninsured/underinsured auto insurance?
If there is one thing that we can all agree on these days, it is that car wrecks not only wreck your car, but also your day. And, your day becomes even worse if you find out the person that hit you does not have insurance or, if you later find out, that they do not...
Recovering the diminished value of your damaged vehicle
When a vehicle gets into an accident, insurance may be able to pay for its repairs. But even if an auto repair shop manages to restore the damaged vehicle to as close as its pre-collision state, the car’s resale value drops the moment it took damage. Fortunately for...