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?

Or,…

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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.

It…

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Determining Optimal Property Loss Recovery Options

Do I have to re-build?

What if I don’t?

and

“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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Of Hurricanes and Fires, or The Gripes of Wrath

Of Hurricanes and Fires
Or
The Gripes of Wrath

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

John Steinbeck, if he were still among us, would need little more than keeping his attention plastered on the news and weather reports to find some grist for another novel. The hurricane, earthquake and fire outbreaks which have been tormenting much of the western hemisphere might not be the focal point of the plot, but they certainly could provide backdrop for the significant angst he chronicled.

Five major outbreaks, including three hurricanes (Harvey, Irma and Maria), an earthquake and a wildfire during the past several months…

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Expert Has Advice on Hurricane Harvey Insurance Claims

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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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How Does Selling a Property Impact an Insurance Claim?

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Be Alert to Get Maximum Payment for Weather Damage Insurance Claim

Don’t Let Property Casualty Insurers Poor Financial Performance Undermine the Value of Your Insurance Claim; How to Fight to Get the Max

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

Gang, huddle up. This is one of those moments in time you need to be aware of a potential “penalty” before the matter and the opportunity to deal with it evaporate.

Strap on your chin strap and this QB is going to take you inside the insurer’s operations center and allow you a sneak peek at what they might be thinking and doing to minimize their responsibility to their business and…

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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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