Displaying posts filed under

Insurance Policies and Coverage Issues

Jun
5
2016

What is surplus insurance?

Tweet Surplus lines insurance carriers and basically insurance companies that are willing to take on large and/or riskier properties. Because they do so, they typically don’t have to be qualified by the State and therefore don’t necessarily have to follow the same guidelines that your typical domestic, private insurance company does. Whether that is good [...]

May
30
2016

How is commercial sinkhole insurance different than residential?

Tweet The coverage itself is usually quite similar. Remember that the sinkhole insurance offered here in Florida is written by Statute so all domestic insurance companies follow the same guidelines. Big differences in the coverage can arise when you have surplus lines carriers which often are the only options for a large, riskier commercial property. [...]

May
23
2016

Should I pay the $2,500 to get the sinkhole testing done when they tell me I don’t have “structural damage”?

Tweet I say no usually. Of course every situation has to be looked at uniquely but I frequently deter people away from this option. To make sure we understand what it is we are talking about, the current law requires a structural evaluation to determine whether structural damage is present at your home first. If [...]

May
16
2016

What is my insurance company responsible to investigate?

Tweet With the current state of the law many people are often confused about what their insurance company will do when they report a claim. In short, don’t talk to your neighbors that had a sinkhole claim years ago because their experiences will be very different than yours. Under the current state of the law [...]

Apr
21
2016

What is a forced placed policy?

Tweet We see many types of insurance policies but insurance that is force placed is often the most difficult to wrap your head around. These types of policies are actually purchased by the mortgage company when the homeowner fails to get insurance on the home themselves. Essentially, the mortgage company buys insurance for itself. This [...]

Apr
14
2016

Do homeowners have to repair their sinkhole homes?

Tweet Where or not homeowners are entitled to monetary awards or whether they are forced to actually repair their home with any insurance benefits paid out has been a hotly contested debate for years. The debate stems from language in the sinkhole statutes that says insurance companies do not have to issue payment for the [...]

Apr
7
2016

Supreme Court to rule on sinkhole case soon

Tweet The Supreme Court recently heard arguments in the case of Johnson v. Omega Insurance. Kathy Johnson came to our firm with a denied sinkhole claim. Despite severe damage to the building itself, the insurance company claimed that the damage was not covered under the policy and sinkhole activity was not discovered. We identified that [...]

Dec
16
2013

Avoid the sinkhole deductible at all costs

Tweet We are seeing more and more clients coming in with the 10% sinkhole deductible in their policies. My piece of advice is simply avoid this if at all possible. Unlike other situations where they simply deduct the 10% from the cost to repair, a sinkhole deductible can actually stop and prevent you from doing [...]

Dec
12
2013

Citizens sends out “settlement” letters to every insured, 5 reasons why this is ridiculous

Tweet Citizens has decided to try to restore its public image and send out “settlement” offers to every one of its insureds with a confirmed sinkhole claim. The offer is three pages long and is clearly a form letter with nothing but the dates and names changed. This “offer” is a joke and here is [...]

Oct
24
2013

Corless Barfield win several important rulings against Citizens in Pasco County

Tweet Recently we have been faced with a carousel of new arguments from Citizens on sinkhole claims. In one large case we had in Pasco, a judge had the opportunity to hear nearly all of these arguments in one case and rule on the issues. None of the issues went Citizens way. One of the [...]