The U.S. has been hit by an unusual number of severe thunderstorms this summer. For example, on Aug. 11, a hailstorm tore through Billings, Montana, shattering windows and punching holes in roofs. This sort of damage can cost hundreds or even thousands of dollars to repair, forcing many homeowners to file an insurance claim to recover their losses. Fortunately, there…
It was a beautiful, sunny day, but you noticed that clouds were starting to form. Just a few hours later, the sky was dark and the winds were picking up. Hail fell, heavy winds tore through the neighborhood and your properties were left damaged. Fortunately, they were still standing. As a property manager, you know how quickly a storm can…
Realtors and other real estate professionals play an important role in assisting buyers and sellers in transactions involving homeowners associations (“HOAs”). is here to help professionals ensure that their clients have all of the information they need to make an educated decision about their particular situation, and to make sure their transaction goes as smoothly as possible. For sellers, this…
Texas leads the nation in hail damage insurance claims, according to an analysis released by the National Insurance Crime Bureau (NICB). The analysis looked at claims data from Jan. 1, 2016 through Dec. 31, 2018. According to the analysis, there were almost 2.9 million hail loss claims filed within the study period. Of those, 811,000 were filed by property owners…
Insurance claims can create financial burdens for homeowner association who have to pay often-substantial deductibles under their master insurance policies. While every insurance policy is different, many HOA insurance policies now have separate deductibles for wind and hail claims that can be as much as 1%, 2%, or even 5% of the total insured value of the property. For example,…
Colorado homeowners may be concerned about their insurance premiums, especially as hailstorms are causing even more damage throughout the state. In 2018, Colorado suffered the greatest hail losses across the country. This devastation exceeded Texas, which is the state with the second-largest amount of hail damage according to a report from the State Farm insurance company. The Rocky Mountain Insurance…
What happens when your property’s exterior is partially damaged by a covered event, but the original roofing or siding materials are no longer manufactured? Mismatched repairs can have a huge impact on the value of your home, but is your insurance company obligated to match the repair materials to the existing materials? While the law in Colorado is not fully…
Working as a general contractor can be quite rewarding. You get to be your own boss, set your own hours, pick the projects you want and work with your hands. However, you are also at risk of finding yourself accused of making mistakes or doing a bad job by a client after you have already done the work on their…
Natural disasters in the United States result in billions of dollars in property damage. However, not many people take the necessary precautions. Almost 90% of insurance agents think that less than half of their clients have a comprehensive hurricane preparedness plan in place. A majority believe that less than half of their clients comply with orders to evaluate when a…
A vicious storm tore through the south metro early this morning July 18, 2019, with high winds and large hail (1″-2+”) in some parts of Burnsville, Prior Lake and Savage. After a storm rolls through, cleanup and repairs begin, and many don’t know where to start. is a Minnesota based national first-party insurance law firm with a demonstrated track record…
