Blog Posts in July, 2021

• Posted By Dick Law Firm 30-Jul-2021

  Homeowners insurance companies don't pay

  Recognize the reasons for your claim's denial. Your insurance company will send you an official letter explaining why they refuse your claim; if you do not receive a formal letter from your insurance company, your claim has not been denied. This ...

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• Posted By Dick Law Firm 29-Jul-2021

  Will the Texas Insurance Commissioner's Office assist me if I have issues with my home insurance company?

  Will the Texas Insurance Commissioner's Office assist me if I have issues with my home insurance company? In over 5,000 consumers and business owners where Dick Law Firm has given representation, they have not seen the Texas Department of ...

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• Posted By Dick Law Firm 28-Jul-2021

  What is Property Removed Home Insurance Coverage?

  Service Charge for the Fire Department Many municipal fire departments will respond to calls from outside the city lines, but there will almost always be a fee, which can be several hundred dollars. When the fire department is called because an ...

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• Posted By Dick Law Firm 27-Jul-2021

  Is There Home Insurance for Forgery?

  Forgery, counterfeit money, credit card, electronic fund transfer card, or access device This optional coverage covers losses occurring from the unlawful use of a credit card, electronic fund transfer card, or other electronic access device issued or ...

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• Posted By Dick Law Firm 26-Jul-2021

  What is Loss Assessment Coverage?

  Coverage for Loss Assessment Loss Assessment coverage pays for assessments levied by a condominium association, a business, or a group of property owners against the insured. Sections I and II of the policy include separate Loss Assessment coverages. ...

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• Posted By Dick Law Firm 25-Jul-2021

  Does homeowners insurance cover a collapse?

  Collapse Before 1984, many property insurance forms listed collapse as an insured peril, which was a logical paradox given that collapse is not a peril but a result of a risk. Collapse is now considered extra coverage, and it is only covered if ...

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• Posted By Dick Law Firm 24-Jul-2021

  Does Insurance Cover Glass or Safety Glazing Material?

  Glass or Safety Glazing Material The new coverage for Glass or Safety Glazing Material was added in the 1990 version. It replaced a glass breakage risk included in earlier iterations. Glass breaking is a loss rather than a danger. Therefore the ...

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• Posted By Dick Law Firm 23-Jul-2021

  Home Insurance for Lawns, Trees, Shrubs, and Plants

  Lawns, Trees, Shrubs, and Plants Trees, bushes, plants, and lawns are all covered by an extension. The extension is 5% of the amount owed on the house under Forms 2, 3, 5, and 8. It is 10% of the amount of personal property coverage under Forms 4 and ...

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• Posted By Dick Law Firm 22-Jul-2021

  What are Reasonable Repairs?

  Reasonable Repairs According to the policy, the insured must take all reasonable precautions to protect and preserve the property during and after a loss, according to the procedure (under the Conditions section of Section I). The insurer agrees to ...

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• Posted By Dick Law Firm 21-Jul-2021

  What are Additional Coverage in Home Insurance Policies?

  Additional Protections Section I of the homeowner's forms include additional extensions of coverage known as Additional Coverages. Although most of the extra coverages are common to all forms, some are present in some forms but not others. ...

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• Posted By Dick Law Firm 20-Jul-2021

  More Fake News from Southeast Texas Record

  Concerns over false news, or what is more generally known as "fake news," are spreading globally, with countries ranging from Southeast Asia to the European Union addressing inaccurate reporting. Before I go any further, I should point out ...

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• Posted By Dick Law Firm 17-Jul-2021

  What is Loss of Use Coverage?

  Loss of Use Coverage The Loss of Use policy, also known as Coverage D, covers against losses involving the insured's portion of the premises as well as any parts rented to outsiders. The Additional Living Expense coverage provides for the ...

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• Posted By Dick Law Firm 16-Jul-2021

  Property that Personal Property Insurance does not cover

  Property Not Covered by Personal Property Insurance Coverage is provided on a blanket basis under the personal property insurance agreement. This means that a single sum of insurance covers all of the insured's goods. Specific or planned ...

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• Posted By Dick Law Firm 15-Jul-2021

  Personal Property Replacement Cost

  Cost of Replacing Personal Property Personal property is covered on an actual cash value basis, even though replacement cost coverage on structures has been available since the beginning of the homeowner's program. The Personal Property ...

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• Posted By Dick Law Firm 14-Jul-2021

  Personal Property Insurance Coverage

  Coverage for Personal Property Under Forms 2, 3, and 5, the personal property limit is 50 percent of the housing limit. When there is a need for more coverage, this restriction may be increased. If the insured does not own personal property worth 50% ...

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• Posted By Dick Law Firm 13-Jul-2021

  What is an Inflation Guard Endorsement?

  Endorsement of the Inflation Guard The Inflation Guard Endorsement is a quarterly option that increases insurance coverage under the policy by a percentage of the original face amount. The insured can choose a quarterly percentage increase in ...

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• Posted By Dick Law Firm 13-Jul-2021

  What are Section I Homeowner's Insurance Coverages?

  COVERAGE FOR HOMEOWNERS SECTION I The homeowner's forms' Section I coverages provide coverage for the insured's personal property, and the documents varied in the level of protection they provide. There are differences in terms of both ...

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• Posted By Dick Law Firm 12-Jul-2021

  Homeowners insurance coverage explained

  The average consumer's home is one of the most essential and likely most expensive expenditures they will ever make. Protection against damage to the house is, understandably, a necessary aspect of any family's insurance plan. A private ...

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• Posted By Dick Law Firm 11-Jul-2021

  What is Replacement Cost Value (RCV)?

  Coverage for Replacement Costs The homeowner's forms provide replacement cost coverage for the dwelling and associated structures. Suppose the amount of in-insurance covering a building at the time of a loss is at least 80% of the facility's ...

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• Posted By Dick Law Firm 11-Jul-2021

  What is Insurable Interest?

  What is the Definition of Indemnity? In the case of a loss, an insurance policy may stipulate that it will compensate the insured. The term "indemnity" refers to the insurance company's promise to pay the guaranteed cash value of the ...

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• Posted By Dick Law Firm 10-Jul-2021

  What is Loss Exposure?

  What is the difference between a Loss Exposure, a Loss, and a Claim? The study of insurance necessitates the understanding of three linked concepts. Loss exposure, loss, and claim are the three terms. Loss Exposure refers to someone or something that ...

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• Posted By Dick Law Firm 9-Jul-2021

  What is Property Insurance?

  What is the Definition of Insurance? "A mechanism through which interested members of a society might band together and gather cash to reimburse losses sustained later by members of the group," according to the definition of insurance. ...

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• Posted By Dick Law Firm 8-Jul-2021

  What is Coverage B (Other Structures)?

  Other Structures (Coverage B) Other constructions are only covered if they are separated from the home by a clear space. It comprises both things that are built, such as a detached garage, and non-built structures, such as fences, patios, and even ...

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• Posted By Dick Law Firm 7-Jul-2021

  Many Texas families do not have homeowner's insurance.

  Following winter storm Uri, research undertaken by the Texas Real Estate Research Center at Texas A&M University indicated a widespread absence of homeowners insurance in the state. According to the study, low-income households, those living in ...

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