Derek Chalken | Property Insurance Coverage Law Blog | July 23, 2019 I often receive calls from policyholders asking how an insurance company can deny their claim based on an exclusion that isn’t defined in the policy. One of these terms is “surface water,” a common exclusion found in most policies. Recently, I had a… Continue reading When Can My Property Insurance Claim Be Denied Due to War or Other Undefined Terms?
Tag: Property Insurance Claim
Payment of Overhead and Profit
Corey Harris – March 6, 2014 One common problem that has been arising is when overhead and profit should be paid in response to a property insurance claim. For those not aware, overhead and profit (generally estimated at 20% of the total amount of the estimate) is intended to cover the overhead/operating costs of a… Continue reading Payment of Overhead and Profit