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,…
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…
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…
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…
One of the most cost-effective tools for resolving disputed claims with insurance companies is the insurance “appraisal” process. Appraisal is an alternative dispute resolution mechanism in most Colorado insurance policies. It is designed to resolve claims outside of court, and consists of an appraisal panel reviewing and resolving a disputed claim amount. The appraisal panel is made up of one…
Adjusted for inflation, losses caused by hail damage totaled $19 billion in 2008. In a typical year previously, losses caused by hail damage would have been $8 billion to $12 billion. The trend of increased damage continued for the next decade, but no one is sure what is to blame. However, one possible explanation is that people are moving farther…
If you live in an area where severe thunderstorms and hail are common, you likely have experienced or feared hail damage to your property at some point. Even if you have an insurance claim, it’s natural to be wary of these things because of the potential they have to disrupt your life and the cost involved. But just how expensive…
When you live in an area where storms are common, you know that there is a risk of hail. Hail can be very damaging, going as far as to damage your roof, rip through your siding and destroy the exterior of your home. Even smaller hail can cause damage if there is enough of it traveling at a high enough…
On May 29, 2019, a vicious storm tore through Kansas City and east-central Kansas. The storm spawned tornadoes that downed trees and power lines, damaged homes, and injured at least a dozen people. It marked the twelfth straight day that at least eight tornadoes were reported to the National Weather Service. Tornadoes and severe storms are part of life in…
