We see a great many underpaid insurance claims, particularly following damaging weather events. The insurer paid the insured something following the loss, just not enough. I am frequently asked, “But doesn’t accepting a settlement check release the insurer from further liability on the claim?” The answer depends on the relationship...
Replacement Cost Coverage
Is Replacement Cost Coverage the be all and end all? There are any number of standard insurance provisions that inspire fear and loathing in homeowners. Deductibles, co-insurance and duties after loss all have the potential for causing teeth gnashing. However, none seem quite as unsettling as the manner in which...