A Recent Property Insurance Settlement War Story

Good Guys Win the Battle:
A Recent Property Insurance Settlement War Story

By Michael C. Perlmuter, JD, President & General Counsel

I think you will both benefit and enjoy the following war story which is a departure from my usual information-driven blog. This true story, about a recent insurance claim adjusted by the Alex N. Sill Company, accurately illustrates what a typical business owner/insured is faced with following a covered insurance event. The insured could have been in any business of any size and the insured any insurer. The important takeaway is the typical manner in which the insurer attempted to stonewall…

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Appraisal as an Insurance Policy Remedy

“I Don’t Agree With My Insurance Company’s Damage Offer, Now What?”

Appraisal as an Insurance Policy Remedy

By Michael C. Perlmuter, JD, President & General Counsel

The insurer says, “Okay,” presenting you the workup of a damage estimate and hoping the amount will pass the blink test. But the number isn’t all right with you.

You have tried in good faith to resolve your insurance claim for the significant damage to your business, residential real estate or personal property, but the insurance company offered $x and you want/need/deserve and are actually insured for $x-plus-plus-plus!

What next?

Do you have to accept what your insurer offers?


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Filing an Insurance Claim and Suffered a Business Interruption Loss?

How to Contend with Just What Might Become the Most Contentious Part of the Claim and Obtain the Rightful Amount to Cover the Loss of Income

By Donald J. Dragony, CPA, CFF, MBA
Senior Vice President, Chief Financial Officer
& Director of Forensic Accounting
Alex N. Sill Company

Damage done to business property often results in more than just an insurance claim to repair or replace a building and/or its equipment. A serious event often causes a disruption of business operations resulting in an additional claim for a business loss of income. The latter is more commonly known as a “Business Interruption” claim.


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Determining Optimal Property Loss Recovery Options

Do I have to re-build?

What if I don’t?


“What is actual cash value?”

By Michael C. Perlmuter, JD, President & General Counsel


One of the most frequently asked questions when assisting a business or residential property owner in adjusting a property insurance loss is: “What are my options for an insurance claim recovery from this loss?”

The question, though simple, is complex in nature and thus becomes the driver for most property owners to retain a public insurance claims adjuster, read Alex N. Sill Company, when contending with an insurance loss.

Policy owners acting on their own encounter a process akin to a notorious…

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Hurricane Harvey: A Reminder to Update Your Property Insurance

Hurricane Season is Here and Now! Don’t Be Complacent. Be Aware, Prepare By Reviewing, Updating Your Business, Home, Property Insurance Before Disaster Strikes.

By Michael C. Perlmuter, JD, President & General Counsel

Most of the U. S. based weather services issued warnings. First they predicted a modest number of storms for the 2017 season. Next, in the past few months, changing weather conditions compelled the services to “up” their predictions.

Then along came Hurricane Harvey.

Harvey is / was every property owner’s worst nightmare. Weather scientists did not have the benefit of a week or more to track Harvey. Harvey developed in just…

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Florida Court Rules on Concurrent Causation

Florida Supreme Court Support for Homeowner “Concurrent Causation” Property Claim May Benefit Insureds in Other States, Too

By Michael C. Perlmuter, JD, President & General Counsel

The State of Florida is known for giving us pristine beaches for winter get-aways and views of spectacular space missile launches. Now, beyond family vacations and rocket ships, a recent insurance-related case adjudicated in Florida rendered a ruling from which insureds may be able to benefit in the future.

The Florida Supreme Court in 2016 issued a ruling which, in at least that state for starters, closed a significant loophole which has been festering for 30…

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Replacement Cost Insurance: What You Don’t Know Can Hurt You

By Michael Perlmuter, JD, President & General Counsel

and Jeffrey O’Connor, SPPA, Vice President

Insureds seem to take great comfort believing their replacement cost insurance will fully cover losses to their business or home when in fact they should not be sleeping so peacefully.

It is painfully clear during our initial conversations with clients experiencing a loss that they believe their claim to be “simple” or “straight forward” because they have “replacement cost insurance.” The insureds are adamant in the assumption that their replacement cost coverage obligates the insured to pay the “cost of replacement.”

Is this true? Absolutely not . ….

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Pulling Back the Covers on the Insurance Industry

By Michael C. Perlmuter, JD, President & General Counsel

I subscribe to the digital version of Insurance Journal, a trade publication dedicated to reporting the most current trends and events in the insurance industry.

No one can read each Journal “cover to cover.” The technical content tests one’s concentration.

That said, my mind was attracted to an article entitled “P/C Insurers Caught Between Slowing Premium Growth and Rising Loss Ratios” in a recent issue.

The article confirmed my long-held opinion that the primary business of insurance companies is not really selling insurance. Instead, their primary business is simply attempting to make money on…

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Corporate Tax Options Available for Casualty Losses on Underinsured or Uninsured Business Property

The importance of proper documentation from a public adjuster

By Michael C. Perlmuter, JD, President & General Counsel

and Donald J. Dragony, CPA, CFF, Senior Vice President, Chief Financial Officer & Director of Forensic Accounting

Alex N. Sill Company typically represents insured business policyholders in connection with adjusting property claims from insured perils such as a fire, hurricane, tornado and other calamities. In most cases, our business clients, fortunately, have sufficient insurance to cover the damages. However, there are instances where a business owner is either not insured or is underinsured vis a vis the damages sustained.

So, the question is commonly asked…

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