Our Hurricane Blog | Colling Gilbert Wright & Carter
Hurricane damage and insurance laws are constantly being amended and revised. We stay current on these changes - it is our job, after all. Our blog page allows us to keep you updated on these changes, focusing on how these changes affect you, the insured.
Friday, August 1, 2008
Homeowners May Be Twice Burned as Insurers Cap Policy Coverage
From Bloomberg.com:
About two-thirds of U.S. homes were underinsured in 2007 by an average 18 percent, according to data compiled by Los Angeles-based Marshall & Swift/Boeckh, which provides building-cost information for the insurance industry.
Owners often confuse the estimated resale value of their homes, which includes the value of the land, with what it costs to rebuild. The latter is determined by market prices for contractors and building materials, not the local housing market...
If you have any doubts about whether your insurance company is treating you fairly regarding your fire damage insurance claim, please contact attorney Michael D. Cerasa today to arrange your free consultation. Se habla español.
Labels: Florida Hurricane Insurance Claims, Florida Hurricane Insurance Denial, Hurricane Property Damage, Tropical Storm Fay
posted by
Michael Cerasa
at
1:43 PM
If you have further questions about hurricane damage law, please contact attorney Michael D. Cerasa today to arrange a consultation. Se habla español.
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