Claims Advocate

Our quarterly newsletter focuses on the rights and responsibilities of the policyholder. Each newsletter highlights current issues and trends in the insurance industry.

Claims Advocate – Oct 2013 vol 3

Claims Advocate – Oct 2013 vol 3

EXTRA EXPENSE VS. LAW OR ORDINANCE
How to Properly Claim for Fire Watch
by Daniel Odess
Based on proper reading of the policy, the available limits far exceed the remaining unpaid balance owed to the Insured. Regardless of the limits for law or ordinance, extra expense, or the combination of the two, and the additional time to comply with the building code law or ordinance, the Insured is entitled to this unpaid balance.

WATER DAMAGE & UNINSURED UNIT OWNERS
Proper Claim Presentation and Insurance is Key to Any Recovery
by Daniel Odess
Condominium unit owners need to obtain adequate insurance to protect their own property against loss or damage to an insurable risk. Additionally, condominium unit owners can protect their neighbors by properly vetting their Contractors. Verify their licensing and request a copy of their insurance. Check to ensure that the name of the company is the same name that appears on the their license and insurance.

CONSTRUCTION DEFECT
An Alternative to Litigation
by Daniel Odess
Construction defect claims caused by builders and developers may be in part or fully covered by an Association’s property insurance policy. Knowing how to properly report the claim, navigate the claim process, and exhibit the damages is critical to the Association’s successful recovery and may ultimately avoid undesirable litigation with escalating attorney fees and costs.