Nobody likes paying for insurance to protect their home or business. But the real cost of your homeowner’s insurance policy might be what coverages you did not pay for. Sadly, homeowners and businesses usually learn about this after it’s too late. Whether it’s hurricane damage or just a leak, Clint & Company is prepared to handle your claim from the moment you discover the damage. Check out some of the claim types we handle.
Bill Wilson, CPCU, ARM, AIM, AAM Here is a pretty common situation. A roof begins to leak during a heavy rain storm and the property owner reports the claim to the homeowners insurer. An investigation reveals that the loss resulted [...]
It’s been over a decade since the Insurance Services Office (ISO) made a major multi-state filing to homeowner’s insurance forms. But, in March 2022, there will be a lot of changes to keep up with. This includes: Adding 13 new [...]
“Hey, Clint—what’s a public adjuster?” This is a common question I receive from policyholders after they experience a loss. The term adjuster is used in the insurance industry to describe someone who inspects a loss, documents the loss, and determines [...]
Florida business owners can use parametric insurance to protect their outdoor events negatively impacted by rain. What is parametric insurance? Parametric insurance policies pay out when a certain metric, called an "index", is met. For example, a farmer might buy [...]
Book Review: "The Ostrich Paradox: Why We Underprepare for Disasters" This week is the national hurricane preparation week. Hurricane season begins on June 1. Get ready now! Recently, I read a book titled “The Ostrich Paradox: Why We Underprepare [...]
After damage or destruction to a home or business, the owners essentially negotiate with their own insurance company over the value of the property and circumstances of the loss. Many owners don’t realize that the law and their insurance policies provide rights that can be used to help recover for the loss. Your insurance policy is the first place to start. To a lot of people, insurance policies are confusing (perhaps, intentionally). This is where a skilled attorney can excel.
Homeowner’s insurance policies can be confusing. But one thing that’s a bit easier for consumers to digest is what’s known as a declarations page. This document essentially shows you the range of money that the insurance company must pay for a covered loss.
For property owners, lawsuits are usually about whether a loss is covered, how much of a loss is covered and/or the amount the insurance company should pay for any covered loss. These are commonly known as “coverage disputes” and “price and scoping disputes,” respectively. There are other, less common but more problematic reasons, too. Sometimes insurance companies engage in “bad faith” behavior surrounding the claims process. This can be seen in gross delays in assessment and payment, unfairly underestimating your property’s value, withholding information and much more.
Clint & Company can help you evaluate the costs and benefits of making a particular claim. The first place to start is your deductible. If the cost to repair is less than your deductible, you’re better off making the repair.
Insurance companies keep track of the number of claims made by a homeowner. Too many claims can land you in a higher risk category—and paying higher premiums. A below-deductible claim in an unnecessary blemish that could end up costing you thousands in future premiums. Consider a higher deductible to cover the smaller repairs to save on premiums.