|Advertising Is Only Evil When It Advertises
Wed, July 20, 2011 | link
[Wed, July 20, 2011] In my line of work I am fortunate to meet many different people. These people purchase real estate and run successful
businesses, buy homeowners and business insurance coverage and keep their insurance agent’s contact info handy in case
They upkeep and maintain their properties and take preventive
measures in case of an upcoming hurricane or storm, they dutifully contact their insurance agent when their property sustains
hurricane damage or business workflow is interrupted due to office fire or vandalism, they file a claim and trust their insurance company … they don’t contact a Public Adjuster because they don’t know what a Public Adjuster does.
this blog entry to all those property owners lacking valuable information which may one day result in a grossly underpaid
or denied insurance claim. So now I will resort to some good, old advertising of my service as a Public Adjuster to inform
the masses and promote questions, inquiries and emails about how I can be of help to you! After all, as the renowned advertising mogul David Ogilvy once said - “Advertising is only evil when
it advertises evil things”.
Will Your Sinkhole Claim Be Denied?
Wed, July 13, 2011 | link
[Wed, July 13, 2011] Beautiful weather and clean beaches make Florida one of the most ideal places for people to reside in. But there's
one unfortunate occurrence that happens in Florida more than any other state: sinkholes.
According to the Florida Department of Environmental Protection, Florida has the highest number of sinkholes incidents
in the country and thus the most number of sinkhole insurance claims.
Law requires insurance companies to provide coverage for damage caused by sinkholes. However, over the years much work has
been done to re-write guidelines for sinkhole coverage. Unfortunately homeowners often fall victim when insurance companies
deny their sinkhole claims or underpay the claims leaving homeowners financially stranded.
According to an article in The Herald-Tribune, insurance companies deny 85% of all sinkhole claims filed by homeowners. “While sinkhole claims have tripled
over the past five years, reaching 6,741 the first nine months of 2010, the Herald-Tribune found the denial rate also has
doubled. Unreported data collected by the Office of Insurance Regulation shows two out of three claims filed in 2009 and closed
by late 2010 ended in no payment to the homeowner. The early denial rate for 2010 sinkhole claims was 85 percent.”
Why? Because sinkhole repair is difficult and costly and the insurance company would rather make money then spend money.
During the 2011 Florida Legislative session, one of the most debated issues
revolved around sinkhole insurance and, more specifically, the definition of structural damage that it causes. The new law
requires carriers to offer sinkhole coverage, albeit with a much improved definition of structural damage, a two-year claims
filing deadline, which was reduced from five years, and the right to inspect for sinkholes prior to insuring the risk.
Obtaining any insurance settlement at fair value, especially on a sinkhole claim, can
be a complex and difficult task. What I am surprised at is the lack of action and reporting on fraud on the part of some insurance
companies who deny sinkhole claims to their insured and then reverse course when the policyholder seeks professional help
of a Public Adjuster.
The topic of insurance claims for property damage resulting from sinkholes
is intricate and complicated. I welcome your questions and comments on this subject and looking forward to be of help with
any property damage due to sinkholes. My consultation is free of charge.
the meantime, below is a basic list of how to spot a sinkhole activity.
keep in mind that some of the points below may result from faulty construction or normal wear and tear and can only be determined
as a cause of a sinkhole by a licensed and experienced professional.***
New cracks in your ceilings or walls Separation at corners,
doors, or windows Cracks in foundation Strange and loud noises (many people have reported loud pops
and other cracking sounds often during the stillness of night) Doors or windows that no longer work properly
Floors that become unlevel Tree roots exposed that were not before Depressed areas on property that
were not there before Muddy well water Cracks in your pavement Ponding of water where water
had not collected before Slanting of trees or fence posts Cracks in the ground Drying and
wilting of vegetation Exposure of exterior footer or separation of soil from floor slab Poor compaction
of soil around utility poles Known sinkhole activity in your immediate area
Fri, July 1, 2011 | link