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9 Replies and 6762 Views
Supervision Labor 6762 9
Started by ihcalan
&160;Hello - I need an opinion. &160;
Lately, over the past few months, I've seen more and more contractor's adding the line item 'supervision labor' to estimates. &160;This is above and beyond O&P, and in fact O&P is also placed on this supervision labor.
Generally, I've been seeing this on mid sized residential losses - losses in the range of $50K-$150K. &160;When I comment and say supervision is included in O&P, I get a resounding 'No - Overhead is to keep the lights on all ...
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by sdnash 04/01/2011 2:25 PM |
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9 Replies and 5035 Views
Does any state allow co-insurance on a dwelling policy ? 5035 9
Started by Ray Hall
Do not confuse replacement coverage requirements on a Homeowners policy with co insurance. I am not aware of any state that allows a co insurance clause(for the reduction in premium as the insured&160; is co insurer on each loss). I THINK you will find the answer to be 'not allowed on a dwelling policy on building and contents in all states.(It was this way 50 years ago). &160;This is another question.. Give a reason given by the insurance carriers to the consumer,s for having a deductible lim...
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by Ray Hall08/29/2010 11:20 AM |
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27 Replies and 21184 Views
\We insure against risk of direct physical loss to property\ 21184 27
Started by Ray Hall
I have taught insurance coverage over the years and just saw an excellant example of 'direct physical loss to property' this was a case of a domestic house cat trapped behind the sheetrock of a house being constucted in Winslow, AZ. The owner closed and moved in and heard 'meow' over the kitchen ceiling several days ago and cut 4 holes to remove the cat, this made the poor cat to move and todays photos showed a bath room wall removed.&160; Yep all covered under the HO-3 subject to the 2 deduc...
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by Ray Hall08/20/2010 9:55 AM |
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6 Replies and 7115 Views
Does anyone know of a place to get HO policies for each state? 7115 6
Started by jwt_houtex
I am trying to find a copy of Minnesota's standard homeowner's policy. It wasn't as easy as I thought; accordingly, is anyone aware of perhaps a website that has a comprehensive database of policies If not, what suggestions do you have for quickly locating HO policies and their endorsements for various states
Appreciate any help anyone could offer..thanks.
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by Jwteer08/19/2010 4:59 PM |
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18 Replies and 5819 Views
definition of incur 5819 18
Started by Leland
Most adjusters are familiar with two lines of coverage that require the insured to 'incur' an expense: law and ordinance coverage (commonly known as building code upgrade coverage) and ALE. Normally the insured is asked to provide receipts. But what does incur actually mean Does the insured need to actually make a payment, or is it enough to owe the money to a third party ie. sign a contract Would you accept a signed contract between the insured and a general contr...
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by swink_d08/08/2010 10:36 PM |
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59 Replies and 17850 Views
Storm loss Questions 17850 59
Started by Ray Hall
This is a hypo question, but timely since we are in hurricane season, and this one question is this most mis-understood question for new people and some who never learned good coverage skills. The state is TX. The policy is the HO-3 (HO 00 03 10 00(1999 iso) The A limit is $120,000 The B is$12,000. The C is 72,000. The D is $24,000. the deductible is 1. You are working in the call center fast track team to settle simple claims by one phone call on the same day that the storm hit,&nbs...
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by Leland08/08/2010 11:07 AM |
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11 Replies and 9630 Views
Fire Damaged Tools 9630 11
Started by fieldsmk
How do you handle hand tools (craftsman brand) with lifetime warranty, damaged by a fire How do you dep, these items It seems to me that in theroy that they never ware out.
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by Ray Hall08/05/2010 3:40 PM |
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10 Replies and 6758 Views
Real Estate Appraiser - Expanding Business into Adjusting? 6758 10
Started by Phineas
I'm located in Chapel Hill, NC and I'm working on getting my Residential Appraisal Certification - I'm about 3/4 of the way through my apprenticeship (under my dad). He recently had a rental property catch on fire, so I've been finding out more about the fire insurance process, and they are now going through the 'appraisal clause' due to discrepancies between the insurance co.'s adjuster and our local contractors. Anyways, I've become interested in trying to diversify our business, an...
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by Ray Hall08/02/2010 3:59 PM |
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6 Replies and 5241 Views
TWIA Sample File 5241 6
Started by Ray Hall
I have a 14 page sample file that TWIA Published. This is a bare minimum required by TWIA and most other carriers on a hurricane file. I will PDF back to you if you email me. rhrayhallgmail.com
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by Ray Hall08/02/2010 3:53 PM |
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1 Replies and 3676 Views
Orlando and Space Coast adjusters 3676 1
Started by brianlamothe@hotmail.com
Hey everybody, Trying to gear up for this hurricane season and haven't worked a storm in over a year. Anyone in the same situation that wants to meet up and practice writing a claim or xactimate Rather than taking a class we as adjusters could get together and compare estimates, this would be just as good or not better than one of those re-fresher classes. If you live in the Orlando or Space Coast region hit me up. brianlamothehotmail.com Good luck this season...
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by Ray Hall08/02/2010 3:49 PM |
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25 Replies and 14047 Views
Allstate Has Acted In Bad Faith 14047 25
Started by Odin
Hello everyone,
&160;&160; I am writing this blog entry in order to reveal the facts behind what Allstate has done here in the State of Colorado during this 2009 hailstorm season.&160; Once again Allstate has hit a new low in how they operate, shortchange their Insureds and the contractors who do the work for their Insureds, and how Allstate is getting away with it.
&160;&160; Here are some basic facts....
&160;&160;&160; Allstate has....
&160;&160;&160;&160;&160; a) Gone into t...
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by Goldust07/28/2010 7:50 PM |
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12 Replies and 6912 Views
Participation in Loss/Deductibles 6912 12
Started by TScott
I offset a deductible in Galveston on a couple of occasions where the additional structure loss exceeded policy limits. Here's a few questions:
1. Could the participation in loss loophole apply to ACV item such as fencing in offsetting deductibles
2. Tree removal, computers, firearms, boats, etc. Could those losses offset deductibles
Also, what's the legalities of invoicing to receive depreciation for work not performed Unless I'm mistaken...
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by Ray Hall06/24/2010 11:49 AM |
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9 Replies and 4922 Views
Texas Lawsuits-21Century Hurricane Losses-The following Years 4922 9
Started by Ray Hall
I don,t think many commercial Ike Claims ended up in the TV lawyers office, but far too many 'so called paid and settled' HO losses did.
I remember about 8 years ago State Farm, Allstate and possibly more had the 'table top' settlement program designed to stop many of the reopens and long tail clean up. It seemed to work and was in force for several years. I do not know, but 04 and 05 may have changed this practice. I do know 05 Katrina MS. losses on the beach changed the wavewash losses to rev...
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by Ray Hall06/07/2010 11:30 AM |
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12 Replies and 7143 Views
Principle of Indemnity and Insurance Fraud 7143 12
Started by insprojohn
I would love to get some replies to the following thoughts:
&160;
I posted the below as well as a very good piece on Roofer and SIU&160;Insurance Fraud in the Community Forums
&160;
Why not a partnership&160;&160;If I had to choose between reporting a scumbag insured for insurance fraud, helping the insurer get restitution, and possibly get paid a percentage; if not most of the RCV&160;money&160;for the&160;roof job the insured refuses to me for&160;I would gladly do that; instead ...
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by Ray Hall05/16/2010 12:40 AM |
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6 Replies and 3808 Views
The of the deductible clause. 3808 6
Started by Ray Hall
This clause was purported to be introduced to keep insureds from reoprting small events that did not exceed the decutible amount. My first years in adjusting it was $50.00 on auto collision and $0 on all auto perils. $50.00 or $100.00 for Windstorm, hurricane or hail, ONLY not fire, lightning or&160; the other EC perils.
As we are aware today it is on all perils and ranges down from $25 -50K on commercial to $10,000 on any peril home homeowners or up to 5 of the insured amount on the Dwelling...
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by Ray Hall03/24/2010 10:30 AM |
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6 Replies and 3799 Views
Freeze loss Coverage Question 3799 6
Started by Ray Hall
This is a Texas Claim under a Texas HOA-modified which is the most sold policy in Texas after the mold gold in the early 1990`s This policy is named peril and accidental damage by frozen pipes is covered with the due dilagence conditions, namly heat in the building OR the water turned off and the pipes drained. No question the house was un occupied
This was presented to me at church this morning by the agent of the insured. The named insured is a single man , age 50 who lives in a small 2 BR on...
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by Ed Bailey02/01/2010 1:12 AM |
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108 Replies and 48802 Views
Unsealed Shingles 48802 108
Started by BennyBulger
Can anyone tell me what the standards are for shingles that are not sealed down I have a roof that went through a major storm with winds reaching almost 100 mph. None of the shingles on any of the slopes are sealed. It has been almost 2 months since the storm, they should have re-sealed by now. There is some debris under some of the shingles.
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by RandyC12/01/2009 10:33 PM |
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17 Replies and 11146 Views
Depreciation 11146 17
Started by kmerian
Here is an issue I would like your opinions on.
What way have you found is the best way to explain depreciation or 'holdback' to an insured when dealing with an RCC&160;policy&160; We all have to do it., and I&160;admit I&160;don't get it across as well as I should some times.
How do you explain it
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by Ray Hall11/25/2009 11:13 AM |
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14 Replies and 5146 Views
Cumberland Insurance Group 5146 14
Started by Homeowner101
Hello Everyone. I'm a homeowner in New Jersey and am considering changing my homeowners policy to a company called Cumberland Insurance Group. Does anyone know anything about them Are they a good company Do they work with homeowners if they need to file a claim or do they fight you every step of the way I currently have a company called Palisades Insurance. Since I live near the coast they raised my 'hurricane deductible' to $8,000.00. I could not believe it. My normal deductible is $500.00. ...
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by Ray Hall11/10/2009 4:54 PM |
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16 Replies and 6524 Views
Condominium Unit Owners Policy Question 6524 16
Started by descher
What items would be covered on this policy (USAA HO6)&160; There is Contents and Loss of Use coverage listed on the loss notice.&160; I assume this is a paint inward type policy.&160; No roof inspection would be needed correct&160; Just check for water damages to the unit owners personal items&160; Is carpet a covered item as well
Thanks for the help in advance!
Dave.
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by Tom Rongstad11/09/2009 6:00 PM |