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Demystifying Common Myths About Home Insurance Coverage

  Home insurance coverage can be a lifesaver when unexpected disasters strike, ranging from natural calamities, burglary, fire outbreaks, or accidental damage. Nobody wants the inconvenience of dealing with financial loss, property damage, or personal liability claims. However, navigating through insurance policies, coverage, premium rates, and claims procedures can be overwhelming. Perhaps, the root of the confusion is the various myths and misconceptions about home insurance ...

Understanding Actual Cash Value Versus Recoverable Cash Value

If you're one of the many homeowners or business owners in Orlando, FL, who's ever filed an insurance claim, you may be familiar with the terms "actual cash value" and "recoverable cash value." These two methods of compensation can become a central feature of your insurance claim, determining how much you are able to recover based on what happened. In this blog post, we want to take the mystery out of these terms and help you understand the difference betwe...

Understanding Contract of Adhesion in Insurance Policies

  Insurance policies can be confusing and complex documents, often filled with legal jargon that can be difficult to understand. One important concept to understand is the notion of a “contract of adhesion”, which describes a contract that is presented to the consumer on a take-it-or-leave-it basis, with little to no opportunity to negotiate the terms. This can have significant implications for insurance policyholders who may not fully understand the terms they are ...

Understanding The Coinsurance Clause In A Home Insurance Policy

  Homeowners often seek insurance to protect their properties from unforeseen events such as natural disasters, fires, and theft. A home insurance policy is designed to cover damages or losses to the structure, personal belongings, and liability. However, it's essential to understand the various features of a policy and what they entail. One such feature is the coinsurance clause, which is often overlooked but can significantly impact your financial responsibilities in the ...

Understanding Theft Damage Insurance Claims

  Theft can be a traumatic experience for anyone to endure. Losing valuable items and belongings that you've worked hard to acquire can be quite devastating. However, in case of theft, it's always best to have an insurance policy in place to help you recover your losses. When it comes to theft, it's essential to understand how insurance claims work and what you need to do when you experience a loss. In this informative post, we'll be taking a closer look at the ...

The Difference Between Hiring An Attorney And a Public Adjuster For An Insurance Claim

  When faced with an insurance claim, the first thing that comes to mind is usually hiring an attorney. However, did you know that there's an alternative to hiring an attorney that may be more suitable for your situation? Enter, the public adjuster. In this blog post, we will take a closer look at the differences between hiring an attorney and hiring a public adjuster for an insurance claim.   Area of Expertise When it comes to legal iss...

Understanding Overhead & Profit (O&P) in a Property Insurance Claim

Going through the process of making a property insurance claim can be daunting, especially if you're not familiar with the jargon used. One often-used term is Overhead & Profit (O&P). It's essential to understand its significance because it can ultimately impact your claim settlement. In this post, we'll explain what overhead and profit mean in a property insurance claim and why it's essential to have a public claims adjuster in Orlando by your side in these si...

Things Your Insurance Company Doesn’t Want You to Know

  Insurance is supposed to be a safety net for you and your family during tough times, but unfortunately, insurance companies don't always act in your best interest. In fact, there are some things that your insurance company doesn't want you to know. These secrets may not only impact the amount of money you receive in a claim, but it may also affect your premium and overall satisfaction with the company itself.   The insurance adjusters are not...

Understanding Recoverable Depreciation on an Insurance Claim

  If you’ve ever had to file an insurance claim for property damage, then you understand how stressful and confusing it can be. There are many terms and concepts that are not familiar to most people, and one of these is recoverable depreciation. In this blog post, we’ll define recoverable depreciation, explain why it’s important, and walk you through the process of recovering it from your insurance company. If you’re in central Florida and need help with...

Home Insurance Claim: Can I Complete Repairs Myself?

  Dealing with a home insurance claim can be overwhelming, especially if you are not sure about the technicalities involved. One question that many homeowners have is whether they can complete home repairs themselves after filing an insurance claim. The answer to this question is not straightforward, and it depends on several factors. In this blog post, we will explore what you need to know about completing home repairs after a home insurance claim.   T...