Policyholders with a metal roof need to pay careful attention to policy details – especially the SafeCo cosmetic damage exclusion related to hail damage. Hail storms have not just increased in frequency over the past decade but size as well. As a result, states like Colorado can expect several massive hail events each year, a […]
Case Study: SafeCo Cosmetic Damage Exclusion Costs Homeowner $25k Read More »
As the threat of massive hail storms increases, so does the amount of cosmetic damage exclusions in insurance policies. Exclusions are one way insurance carriers limit coverage and reduce claim payout. Cosmetic damage exclusions usually apply to metal roofs but also siding, windows, and other exterior components. If the insurance carrier determines the damage is
Despite new laws going into effect this year to reform the insurance industry in Florida, thousands of policyholders are getting notices of rate hikes this month. Some increases are as high as 60% compared to last year. In addition, thousands more are getting notices of non-renewals due to their roof’s age and are scrambling to
FL Policyholders Face Rate Hikes Despite Insurance Reform Read More »
In February, winter storm Uri swept through Texas and left a trail of destruction costing an estimated $18B in repairs. Almost six months later, many policyholders are still waiting on repairs from their insurance company. Some are still living in hotels, unable to move back home due to the extent of the damage. The situation
46% Of Uri Complaints To TX Dept Of Insurance See Higher Settlements Read More »
Last month a federal court ruled that a class-action lawsuit against State Farm can move forward. The outcome of the case would directly impact over 65,000+ policyholders in the state of Kentucky who’s underpaid insurance claims go back to 2014. How and why did so many insurance claims go underpaid for over 10 years? The
Class Action Lawsuit Triggered By Xactimate Error Read More »
On April 26th last year, the Florida Governor signed into law Florida House Bill 7065. It was implemented on July 1st, 2019. The aim was to reduce the amount of assignment of benefits agreements that could be signed between entities and insureds. The immediate goal was to prevent the insurance company from abusing the legal
In Goshen, Indiana a judge sided with a couple in their roofing scam lawsuit. They were awarded more than $255,000 damages after the contractor they sued never responded to their accusations. They are only one couple out of hundreds of other victims who were also deceived after a hail storm last year. Out of 600
