Tag: insurance claim

Brain injury from a fall or accident causing personal injury

A blow to the head is a serious matter.

It could be a car accident, or maybe a trip / slip / stumble and fall.

The human skull does a pretty good job of protecting the human brain.

But it doesn’t protect perfectly.

So we see people with brain injuries of all kinds. The obvious injuries are where the skull is broken, when you can see brain tissue through an open wound, which is pretty good evidence that the brain is injured.

What many people do not know: Sometimes people suffer a brain injury even with the skull intact.

Many of these are so-called “acceleration injuries.” This means that a blow suddenly pushes the head in one direction, and when the head stops moving, the brain tissue inside does not. Continue reading “Brain injury from a fall or accident causing personal injury”

Three key principles in total loss wildfire insurance claims 

If you suffer a disaster such as a total loss from wildfire and need to claim on your insurance, consider these three principles:

Get a copy of your policies and read them.

Insurance always starts with a written policy, so the first thing to do when you get ready to make a claim is to get a copy of any policy that might cover your damaged property and read it through from front to back.

If you do not have your insurance policy forms because they have been lost, destroyed or are otherwise unavailable, you will need to obtain a policy reconstruction from the insurance company. Ask your agent or go directly to the insurance company’s policy services department. If you cannot remember who your insurance company is, you will need to do a little detective work. Start with your checking account. A check of your bank records may well lead you to any insurer that could provide insurance coverage for your damaged property.

Check your coverages.

Your insurance policy covers certain types of losses and excludes protection for others. That’s why it is important to get a copy of the contract right at the start.

A problem that often occurs after a catastrophic loss is the damaged property is not fully insured. Where a broker or broker advises you professionally on appropriate coverage or binds coverage based on their own professional expertise, you may have a claim for professional negligence if the property is not insured to its full value.

Watch out for Time Limits

Property insurance policies generally have their own deadlines, known as “limitation periods,” and the period during which legal action must be filed to enforce the contract is frequently shorter than the period applicable to a simple written contract.

If in doubt, consult a lawyer about the time limits for your claim. Be proactive. Once you have suffered a loss, a clock ticks somewhere that could limit your ability to claim back the insurance benefits.

 

Hiring a contractor after a total wild fire loss in California

Probably the best tip we can offer on the contractor’s hiring front is to check a builder’s license or the registration of a home improvement vendor to see if the candidate you’re thinking of has problems in the past that could point to problems in the future.

The California Department of Consumer Affairs Contractors State License Board is a good place to start. This is a website where you can verify a contractor’s license online. Googling “Check Contractor License California” should transport you easily to the Board’s license check page, where you can search for license number, company name, personal name, etc.

Previous testing of a license can save many problems in rebuilding your property. We learned this the hard way after hiring a paver contractor years ago to repave a driveway. It was only after the contractor broke his contract and that we realized that we were not his first victim. If we had known about the license check website, it would have saved us a lot of trouble.

A license check also helps you avoid hiring an unlicensed contractor, which is a known hazard after catastrophic fire damage. Contractor licenses are designed to protect the public from unscrupulous souls; do not be tempted to ignore this protection. The state licensing office also publishes a checklist for homeowners to download and follow. Continue reading “Hiring a contractor after a total wild fire loss in California”

Depreciation in total wild fire loss insurance claims

Some insurance companies will not focus on depreciation when dealing with forest fire claims.

This is good news. Depreciation is something most people don’t understand when they are buying insurance and they can make claims settlement, well, troubling.

Simply put, your home or business building and personal belongings – furniture, fabric, tools, etc. – can lose value over time because they age, show traces of wear, or even become obsolete.

This fall in value is called a “devaluation” by the insurance industry.

The concept becomes relevant when you make a claim because of the way in which most policies are written.

Generally, claim reimbursement begins with an initial amount for the Actual Cash Value (“ACV”) of your loss. ACV is the fair market value of lost or damaged items: Think of the price a willing customer pays to buy from a willing seller.

To avoid depreciation, most insurance companies sell replacement cost coverage that can allow additional money up to the full cost to remove any item.

The catch is that you usually only get a complete replacement cost benefit when you actually replace the missing or damaged item.

I have seen how people have dealt with this concept over the years, so it is worth taking a closer look at how the process works. Continue reading “Depreciation in total wild fire loss insurance claims”