Insurance Coverage for Vandalism, But Not Theft

Catch 22 or Paradox? Stay Tuned!

By Michael C. Perlmuter, JD
President and General Counsel of the Alex N. Sill Company, LLC

We received such positive feedback from readers of our first “war story” described in the August 2, 2018 BLOG (Good Guys Win the Battle: A Recent Property Insurance Settlement War Story), we decided to follow that one with another report from the trenches on a timely topic. However, as the issue we are about to describe is a current matter, we are characterizing it conceptually as a paradoxical insurance coverage issue rather than an existing claim.

This BLOG is about…

Continue reading →

How to Get the Maximum Insurance Payout from Hurricane Michael and Other Storm Claims

Michael, the Hurricane, No Florence!


Michael, the Perlmuter, Explains Why and How Alex. N. Sill Can Get You Max Insurance Payout from Storm Claims

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

I spent much of yesterday, including last night and then into the early hours of today, Day 2 of Hurricane Michael, watching the damage inflicted on Florida’s panhandle, elsewhere along the Gulf Coast and then deep into Georgia. Your powerful winds have taken a severe toll in Panama City, Panama City Beach, Mexico Beach, and communities nearby.

My focus has been no less as I have tracked the devastation, following…

Continue reading →

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…

Continue reading →

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,…

Continue reading →

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…

Continue reading →

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…

Continue reading →

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…

Continue reading →

Expert Has Advice on Hurricane Harvey Insurance Claims

Continue reading →