How Can I Learn More About Negotiating with my Insurance Company?
One of the best ways to become skilled in negotiating with an insurance company is by talking to the experts – Southside Place attorneys and public adjusters. Experienced lawyers deal with insurance providers on a regular basis, and are intimately familiar with lowball tactics, as well as what is a fair amount settle for.
Consult with an Southside Place insurance bad faith attorney about ways you can negotiate with an adjustor to get the best settlement offer. Or, if you don’t feel comfortable negotiating on your own, consider hiring legal representation to intercede on your behalf to make sure you get the compensation you deserve.
The Best Commercial Insurance in Texas
House Insurance for Fire Only
Public liability insurance is an economic necessity for all self employed people and limited companies in the economic climate of today. With the economic slow down many people may be thinking about saving money and they may be thinking about not taking out or renewing their policy. This could be a very expensive mistake to make. A policy can start from as low as £45.00 for £1,000,000 indemnity for some trades such as a hairdresser. This premium is tax deductible if you are self employed or a limited company. Also, if you are a subcontractor you may not be allowed on site without having insurance in place.
If you employee anyone, or are a limited company with more than one employee, it is legally compulsory to have employers liability insurance. The only practical way of having this cover is to add it to a public liability policy. Employers liability insurance is always for £10,000,000 and covers a sole trader or limited company if any of their employees are injured in the course of his or her work.
The Importance of Public Liability Insurance
Loss Recovery and Building Code Changes
After a natural catastrophe, you've likely sustained large and severe property losses. What often comes as an "aftershock" to the catastrophe, are the higher costs to rebuild according to the latest building codes...WHICH ARE
NOT COVERED UNLESS... you purchased an Endorsement to your policy called either:
- "Increased Cost of Construction" (with NFIP & Flood policies) OR
- "Ordinance or Law" (possibly with your TWIA policy, and definitely) with your Homeowner policy
It will just be your "tough luck" if you don't have this Endorsement. And, Heaven forbid that your Structure is damaged (according to an estimate to be made by your Building Department) more than 50% of its "assessed value". Then, you will need to bring the entire Structure "up to current code"; and your Insurance Company will not pay you for required code change expenses...
UNLESS YOU BOUGHT one of those Endorsements, which would cover this expense.... up to the percentage of the Structure limit with the Endorsement that you purchased.
With NFIP and Flood policies, you are only able to purchase a maximum of $30,000.00, NO MATTER WHAT YOUR Structure limit actually is. This Endorsement (with other than NFIP and Flood policies.