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As we’ve previously discussed, your homeowner’s insurance policy is a contract between you and your insurance company. In the event of a covered cause of loss, your insurance company agrees to pay you for that loss. However, there are generally two types of damage valuations: Actual Cash Value and Replacement Cost Value. This distinction is… Continue reading Depreciation: Why is it so much? Recoverable Depreciation v. Non-Recoverable Depreciation
In response to widespread impacts on the State of Louisiana by Hurricane Ida, the Louisiana Department of Insurance issued Bulletin 2021-08 on October 15, 2021. The purpose of Bulletin 2021-08 is to establish a mediation program for all insurers and their policyholders in an effort to resolve Hurricane Ida claims as efficiently and quickly as… Continue reading Bulletin 2021-08: Hurricane Ida Voluntary Mediation Program
By FavretLawFirm
Oct 26, 2021