I recently posted about a court in Minnesota permitting the insured to seek the Replacement Cost Value (“RCV”) of its loss even though the property had not been repaired or replaced during ligation delays. Earlier this month, the Florida 11th Judicial Circuit for Miami-Dade County offered the Florida perspective on the subject.1
Continue Reading Florida Law on Post-Loss Obligations and the Recovery of RCV Benefits
I recently posted about a court in Minnesota permitting the insured to seek the Replacement Cost Value (“RCV”) of its loss even though the property had not been repaired or replaced during ligation delays. Earlier this month, the 11th Judicial Circuit for Miami Dade County offered the Florida perspective on the subject.1
Continue Reading Florida Law on Post-Loss Obligations and the Recovery of RCV Benefits
A common issue that arises in property insurance claims is the recoverable depreciation associated with Replacement Cost Coverage. Most policies place some limitations on recoverable depreciation.
Hurricane Ian brought a significant storm surge with it. In some areas, the storm surge was reported to be up to 15 feet. Of course, this raises insurance questions such as what caused the damages to the property, the high winds associated with the storm, or the flooding. This will be a major topic of dispute in insurance claims over the next few years. However, Florida’s Valued Policy Law may be able to offer some guidance.
Continue Reading Florida’s Valued Policy Law and Hurricane Ian
This well-known idiom alludes to a catch or mysterious element hidden in the details.1 Policyholders purchase insurance to protect and secure their property. Unfortunately, many carriers do not disclose provisions that limit their policyholders’ rights in the event a dispute arises.
Continue Reading The Devil Is In the Details. What Did Your Premium Discount Actually Cost You?
With the Florida summer heat in full force, I am forced to walk my dog through wooded trails. A common sight on these walks are trees fully hollowed out by termites. This got me thinking, what happens when termites do a number on older frame houses?
Continue Reading Is Termite Damage Covered
An insurance policy is a contract. In disputes involving contracts, it is nearly always the terms and conditions of the contract that will govern. Contracts set out the rights and obligations of the parties involved. Therefore, it is essential to read all the provisions of the contract in their entirety.
Continue Reading Reading Your Full Policy, a Cautionary Tale
A question that has been on the minds of numerous public adjusters throughout the state of Florida is, “Can I prepare and submit a Notice of Intent to Litigate?” Is doing so the unlicensed practice of law?
Continue Reading Does a Public Adjuster Commit the Unlicensed Practice of Law by Filing a Notice of Intent to Litigate?
We’ve all likely seen USAA’s recent commercial campaign featuring Super Bowl Champion Rob Gronkowski attempting, unsuccessfully, to obtain insurance with USAA.
Although the commercials are lighthearted and humorous, they also raise an important point about the application for insurance benefits.
Continue Reading Accuracy in the Application for Insurance is Necessary to Avoid Claims of Misrepresentation
In the wake of Hurricane Ida, many adjusters and contractors are headed to the State of Louisiana to assist in the assessment of damages and clean up. While heading into Louisiana, it is important to closely read the insurance policies.
Continue Reading A Reminder to Out of State Public Adjusters and Contractors Working in Louisiana