BUSINESS INTERRUPTION INSURANCE
BUSINESS INTERRUPTION INSURANCE When a fire, tornado or hailstorm damages your business property you have a commercial property insurance policy to repair the damage. But what about the business losses you suffer? A storm can do more than damage your building. It can destroy the income you derive from operating your business. Most commercial property […]
WHAT THE HAIL?
WHAT THE HAIL? Tips for Handling a Commercial or Residential Property Insurance Claim If your property is damaged there are several important steps you should take to protect yourself. 1. Find your policy (or policies). Your policy is a contract between you and your insurance company. This means that you have certain obligations and deadlines […]
HOW LONG DO I HAVE TO SUE?
HOW LONG DO I HAVE TO SUE? I am frequently asked when the statute of limitations expires on property insurance claims in Texas. Here is the short answer: 1. The statute of limitations for Breach of Contract in Texas is 4 years. But, the property insurance policy usually has a provision that reads: “No one […]
WHEN TO HIRE A PROPERTY INSURANCE LAWYER
WHEN TO HIRE A PROPERTY INSURANCE LAWYER The need for a Fort Worth property insurance lawyer can be vitally important, since a commercial property insurance policy is a lengthy document spanning more than 100 pages, with many arcane items that the average person rarely reads nor completely understands. Types of Property Insurance Claims/Issues Weather-related damage […]
AFTER THE STORM
AFTER THE STORM If you were hit by one of the recent hail storms in Wylie or Dallas you are probably just now getting someone out to adjust your claim. I’ll warn you now. You may be in for quite a surprise. In recent years, a number of property insurers have snuck “cosmetic endorsements” into […]
APPRAISAL RUN AMOK: THE POLICYHOLDER’S PERSPECTIVE
APPRAISAL RUN AMOK: THE POLICYHOLDER’S PERSPECTIVE On November 13, 2014 I was a lecturer at University of Texas Continuing Legal Education seminar on Insurance law. The format was a debate between myself and Steve Badger. Steve represented the views of the insurance company. I represented the views of the policyholder. In connection with the conference […]