Types of Insurance Claims
Building Claims
Among several types of insurance claims, our most commonly served claims involve physical structures and their contents. In order to properly adjust any claim for damage to a structure, it is important to prepare a detailed repair estimate. Sarasohn and Company will do that on your behalf. Whenever necessary, we will employ the services of architects, engineers, contractors, and other independent experts at no additional cost to you. Full consideration is given to the provisions of your policy, as well as applicable statutes and case law, in order to maximize the recovery. This includes consideration of depreciation, coinsurance, code upgrades, deductibles, and any other factors important to a successful adjustment.
Personal Property Claims
All insurance policies require the submission of a complete inventory of both the damaged and undamaged personal property. This includes machinery, trade fixtures, appliances, merchandise inventory, household furnishings, clothing, and all other movable property insured under the policy. This coverage also covers improvements and betterments on tenants’ policies, which can be treated in several ways for claims purposes. Sarasohn and Company has on its staff, experienced personnel who can fill these requirements. In addition to listing the property involved, our experts will calculate the replacement cost and actual cash value of each item as well as the repair cost when appropriate. We will determine salvage value, if any, and help arrange for protection of the property from further damage, as required by the policy. Our services can be helpful in documenting your tax loss if any.
Loss Of Income Claims
One of the most complex aspects of your claim involves calculating the loss of income you will suffer as a direct result of damage to real or personal property. Sarasohn and Company has incomparable expertise in business interruption claims and is often hired by competitors to assist with their loss of income claims.
One of the questions that frequently arise in a loss of income claim involves the continuation of payroll during the period of restoration. It is extremely important that a method be established as soon as possible after the loss, to resolve this aspect of the claim. Sarasohn and Company, with its years of experience, will assist you with these important decisions. Extra expense coverage can be used creatively to make up for insufficient property coverage, should that scenario exist.
Florida Legislators Remove “One-Way Attorney Fee” Law
By Anthony Carriuolo |
The Law was crucial in allowing single policyholders to stand up to massive insurance companies As we continue poring over the sweeping changes in the Florida State Legislature’s 105 page reconstruction of our state’s property insurance laws, we are earmarking the most important components. As part of keeping you informed and staying on top of…
How Florida Insurance Execs Get Rich While Risking You
By Anthony Carriuolo |
CEO’s and Insurer Executives Rake in Millions, Leaving Policyholders Vulnerable To the policyholder, insurance is supposed to represent the last layer of defense against an outright loss. This safety net should, in essence provide the insured with peace of mind, knowing they are protected against financial ruin. Yet, in years past, we’ve seen many instances…
Massachusetts Court: Hire A Public Insurance Adjuster
By Anthony Carriuolo |
The Massachusetts Division of Insurance Corroborates the Common Sense Reasons to Consider Hiring a Public Insurance Adjuster The Massachusetts Division of Insurance recently communicated its recommendation to policyholders to hire a public insurance adjuster following a loss. This favorable recommendation came in spite of recent remarks from State of Florida CFO Jimmy Patronis, who spoke…
Oklahoma Court Affirms Importance Of Professional Insurance Adjuster Representation
By Anthony Carriuolo |
Plaintiff in Oklahoma Fire Case made crucial mistakes in her claims process. Written By: Sarasohn & Co. A recent ruling against an Oklahoma policyholder may have furthered the cause for policyholders to reconsider a claim without insurance adjuster representation. Many of us are blessed to live our entire lives without experiencing the brunt of a…