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Category Archives: Property Damage Insurance

LegalLawsuit

Not So Quick On Those Insurance Bad Faith Claims….

By Velasquez & Associates |

Suing an insurance company for bad faith requires showing that the insurance company did not act fairly towards its insured. An insurance company can make a wrong decision, or a bad decision, or have a difference of opinion with an insured. But when an insurer fails to adjust a claim in good faith, and… Read More »

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Litigation6

Insurance Company Denies Coverage Because Of A Difference In Claim Value

By Velasquez & Associates |

When an insurance company evaluates a claim, two kinds of problems can happen for the homeowner. The first problem is that the claim is wrongfully denied. This means that the insurance company says there is no coverage, when in fact the policy says that there should be coverage. The second problem is when the… Read More »

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Legal10

What Is The Valued Policy Law?

By Velasquez & Associates |

When we discuss losses and property damage, we often talk about damage to a part of the structure. Perhaps a flood, wind damage, or fire damages a part of your home or business. But in catastrophic cases, the entire structure can be declared a total loss. When it is, that’s what Florida’s valued policy… Read More »

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PropInsurance2

What Are Those Lettered Coverages In Your Insurance Policy?

By Velasquez & Associates |

If you read this blog, you know that there is one popular refrain: Read your homeowners insurance policy, and ask questions about it, as every policy can be slightly different. But there are at least some things that tend to be somewhat uniform in the world of insurance policies. One such commonality are all… Read More »

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StormDamage2

Multiple Causes Of Damage After A Storm: What Is And What Is Not Covered?

By Velasquez & Associates |

Let’s assume that a hurricane or tropical storm comes through Florida-not an unusual occurrence. The storm causes your property damage. Certainly damage caused by a hurricane is covered, right? Well, you may be surprised to know that many insurance companies don‘t cover “hurricanes.” Rather, they cover the elements of a hurricane individually. Causes of… Read More »

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DamagesClaim

Using Experts In Homeowner’s Insurance Cases

By Velasquez & Associates |

It is very common in homeowner’s insurance cases for there to be a dispute about something that requires expert testimony. Experts are common in dispute cases, but knowing which expert to use, and whether your expert’s testimony will even be admissible at all, are key things to think about before retaining an expert witness…. Read More »

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WaterLeak

Water Leaks: Be Wary Of Late Notice, And Fixing Things Too Early

By Velasquez & Associates |

We have previously written about the requirement to provide timely notice to your insurance carrier of any actual or possible losses or claims. And most of us, faced with damage to our property, would immediately call our insurance company, whether because we need immediate help, or because we’re all aware that our insurance contracts… Read More »

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ProperIns

Are Appraisals Necessary When the Insurance Company Partially Denies Claims?

By Velasquez & Associates |

Almost every homeowner insurance policy has some provision that allows a homeowners insurance company to try to avoid court in the event of a dispute. Usually, this kind of avoidance is done through appraisal. The standard policy will say that if the insurance company denies the claim, the homeowner can (or must) submit to… Read More »

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Contract

Differences Between Insurance Contracts and Other Types of Contracts

By Velasquez & Associates |

We’ve written in the past about lawsuits and court decisions which involve careful interpretation of terms and conditions written into insurance contracts. But are insurance contracts the same as every other contract, such as one that you would sign in the course of business or employment? How do insurance contracts differ from other kinds… Read More »

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Legal14

Insurance Companies Have to Pay Agreed-to Settlements Quickly

By Velasquez & Associates |

Usually, we complain that an insurance company is slow to resolve a claim, slow to investigate claims, or slow to actually tender an amount of money under the policy that is necessary and sufficient to fulfill the obligations under the insurance contract. But sometimes, they act quickly, and the homeowner and the insurance company… Read More »

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