South Dakota

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The Division of Insurance in South Dakota’s Department of Labor and Regulation (“SDDOI”) seeks to “protect the public and make insurance available and affordable.”1 One of its main functions is to answer consumer questions and investigate consumer complaints. If you think that your claim has been delayed, unfairly denied, or otherwise poorly handled, you can file a complaint with SDDOI requesting an investigation.
Continue Reading How to File a Complaint with the South Dakota Department of Labor and Regulation

Southwestern South Dakota has experienced a series of severe hail storms over the past several months with multiple reports of hail well in excess of 2-inches in diameter. These storms have prompted various questions concerning South Dakota, including time limit considerations that should be considered by policyholders that have been impacted by these hail storms.
Continue Reading South Dakota Hail Claims and Insurance Disputes—Do Not Let Hail Damage Dollars Go Unpaid, and the South Dakota Statute of Limitations

Larry Bache and I are currently handling a devastating fire loss to a powder coating and plating facility located in Watertown, South Dakota. Our clients purchased a replacement cost value policy of insurance – the purpose being to allow them to rebuild after a loss. Unlike actual cash value coverage, which has the intent of placing an insured back in the position it enjoyed prior to a loss, but never allowing it to benefit because a loss occurred, replacement cost coverage is not a pure indemnity agreement. It reimburses an insured for the full cost of repairs, even if that results in placing the insured in a better position than it was before the loss.1…
Continue Reading Determining Actual Cash Value in South Dakota