The Good News And The Bad News

The Good News And The Bad News

Here, at Professional Loss Adjusters, we are still fighting for homeowners and business owners who suffered property damage in last year's epic ice and snow storms. Insurance companies have been slow to settle and, in many cases, have undervalued the damage. With this in mind, we can never stress enough how important it is to contact us immediately upon discovering a disaster.

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Follow The Money: The Bilking of Superstorm Sandy Victims

Follow The Money: The Bilking of Superstorm Sandy Victims

In early March, 60 Minutes, America’s oldest and most-watched television news magazine, filed a report entitled, “The Storm After The Storm.” Correspondent Sharyn Alfonsi investigated allegations that thousands of homeowners were denied flood insurance claims as a result of the damage brought on by Superstorm Sandy in the fall of 2012.

Now, two-and-a-half years later, we are finding out that thousands of claims still have not been resolved. Even worse, many of the homeowners who suffered losses have been completely cheated out of their claims. How? According to 60 Minutes, “There is evidence that many homeowners were victims of what appears to be wide-scale fraud where original damage reports were later changed to make it look like the damage wasn’t as bad.”

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10 Things To Do After A Fire or Flood

10 Things To Do After A Fire or Flood

You have just suffered an emotionally upsetting loss to your property—maybe a fire, a flood, wind damage, water damage or another type of disaster. Large or small, you now face the task of preparing and submitting a detailed claim to your insurance carrier, not only because you need to be compensated for your losses, but because it is required by your insurance policy.

For most people, the preparation of an insurance claim is unfamiliar and rough terrain. What does your policy actual cover? Do you understand the legal terminology and implications within the policy? What does “extended broad form property damage liability” mean? How about “water exclusion endorsement”? What is “business interruption insurance”? What does your policy not cover? At times, the list of questions seems endless, but remember, it is your responsibility to prepare and prove your claim to the insurance company, or your claim will be reduced, or worse...denied.

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Extreme Storms and Property Damage Are On The Rise. Here's Why.

Extreme Storms and Property Damage Are On The Rise. Here's Why.

Regardless of whether global warming is or is not the cause of climate change and the recent extremes in weather we have experienced, one thing is for sure: we can expect to see heavier rainfall, heavier snowfall, an increase in the number of severe storms and a greater potential for property damage. Several reports have been released over the past few years that outline the trend toward more severe weather.

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