Your claim check may include your mortgage company’s name because they have a legal financial interest in the property, requiring you to work with their loss draft department to access funds. If your check is larger than your repair costs, you can often keep the difference, but doing so on an RCV policy usually means … Read more
Most home insurance attorneys work on a contingency fee basis, meaning you pay no upfront hourly rates and they only get paid if you receive a settlement. Attorney fees are typically calculated as a percentage of your total recovery or a percentage of the “new money” they secure above the insurer’s initial offer. Case expenses, … Read more
The national average denial rate for property claims has reached 37 percent, meaning the process requires far more rigorous documentation today than it did twenty years ago. Algorithmic pricing tools like Xactimate often lag behind actual local contractor rates, frequently resulting in initial settlement offers that fall significantly short of real-world repair costs. Relying on … Read more