Storm damage: Tips for claiming losses

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For those who suffered property losses during this week’s windstorm — the Northwest Insurance Council said in a post-storm release — the knowledge that wind damage is covered under standard homeowners and business insurance policies “may bring some peace of mind. Vehicle owners with optional comprehensive coverage also are insured.” Homeowners insurance and business insurance… Read more »

Texas towns clean up after tornado

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LINDALE, Texas — The National Weather Servicesaid a tornado touched down Saturday in this town 90 miles southeast of Dallas, causing significant damage. Meanwhile, residents in Willis, 50 miles north of Houston, said a tornado damaged homes and businesses. The NWS sent investigators to Lindale on Sunday to assess the damage and determine the strength of the tornado. Several homes were… Read more »

When clients ask me which insurance company to purchase a homeowners policy from my first response is always…

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“If you see their commercials on T.V. stay away from their policy!” We all know that excessive advertisement is expensive and the Chicago Tribune reported that three of the nation’s biggest home and auto insurers grew their advertising spending a combined 6.2 percent in 2014. In dollar terms, Allstate led the way, spending $937.3 million…. Read more »

Payment of Overhead and Profit

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One common problem that has been arising is when overhead and profit should be paid in response to a property insurance claim. For those not aware, overhead and profit (generally estimated at 20% of the total amount of the estimate) is intended to cover the overhead/operating costs of a general contractor as well as the… Read more »

Property Damaged by hailstorm

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When the roof of McWha Book Store in Belton was damaged by a hailstorm on March 28, 2014, the owner was unaware that a severe storm had been through the area because he was out of town. After he witnessed neighbors making repairs to their property, he inspected his roof and found damage in which… Read more »