Accidents happen. Natural disasters happen. Property can be damaged in many different ways. The primary reason why you have property insurance—and pay those expensive premiums every month—is to ensure that you have financial protection if something goes wrong. For that reason, it is especially stressful to deal with a denial of your claim. It is […]
Property insurance companies have a general responsibility to use good faith settlement practices. Broadly defined, this means that they have to honor the terms of the policy. After all, an insurance policy is a contract. Bad faith insurance practices have a serious negative long-term impact. At Insurance Claim HQ, we have extensive experience handling bad […]
Business interruption insurance can provide much-needed protection for companies during challenging times. The National Association of Insurance Commissioners (NAIC) explains that business interruption coverage is a type of insurance that lets companies cover certain fixed expenses while their premises are closed for repairs or otherwise disrupted due to a covered peril. Unfortunately, some companies struggle to get […]
Our region is not exactly known for its harsh winter weather. That being said, winter storms can affect every state in the Continental U.S., including Louisiana. The Southern Climate Impacts and Planning Program (SCIPP) notes that while freezing along the Gulf Coast itself is relatively rare, it can happen. Further, you do not have to go far […]
Roof damage is one of the leading causes of property damage. Indeed, according to data from CAPE Analytics, approximately one-third of all residential property damage claims in the United States are storm-related roof damage claims. A disproportionate share of roof damage happens during the winter. At Insurance Claim HQ, we have extensive experience representing policyholders in […]
A hurricane can cause devastating damage. Unfortunately, we see just how destructive every year during the Atlantic hurricane season. Some communities are hit hard. Businesses and families need compensation to start putting the pieces back in place. FEMA offers some support. Additionally, many homeowners/property owners can also bring a claim through their private coverage. At […]
Fires remain a serious risk. According to data from the National Fire Protection Association (NFPA), there are approximately 350,000 residential fires that cause significant damage nationwide each year. That means billions of dollars of home property damage each year. Even though insurance coverage can help, it is always best to prevent fires before they happen. A […]
A natural disaster can cause serious damage to your business. Unfortunately, in some cases, that damage may force you to reduce or even temporarily suspend your operations. That means less money coming in during any already challenging time—and your weekly and monthly overhead costs can keep adding up. Business interruption insurance coverage can help to […]
As a homeowner or business owner, you have reasonable concerns about theft. The security company ADT puts the total annual nationwide theft loss at more than $15 billion. As theft is widely believed to be systematically underreported, the true extent of theft losses may be far greater. This raises an important question: Does homeowners insurance cover theft? The short […]
According to CSU Tropical Weather and Climate Research data, there are an average of 14 named storms per year during the Atlantic Hurricane season. Around seven of those storms become hurricanes. Unfortunately, more than one hurricane could strike the same location. For property owners who suffer damage from multiple hurricanes in one season, the process can […]