From flooded basements, to burst pipes and to leaky faucets, water damage is one of the most common reasons people make claims on their home insurance. However, not all types of water damage are covered by a standard homeowners policy. Here’s what’s covered, what’s not...
Any reasonable expenses incurred because you lost the use of your home are covered under the “loss of use” provision of your homeowners policy. Covered expenses may include: temporary housing for your family, emergency replacement of essentials like clothing, medicine, food, rental cars, or gas...
The Michigan Insurance Code mandates that all homeowner's insurance policies issued in Michigan have to provide, at minimum, coverage for the "actual cash value" of the lost property. Initially "actual cash value" or "ACV" was equivalent to market value. This sort of interpretation was later overturned...
Filing a loss claim with the insurance company is often not an easy, straightforward task. Is the insurance claim process gamed against the policy holder? Not in the strictest sense of the word, however...
For business owners, dealing with any fire, flooding, storm damage or vandalism, it’s usually a real nightmare. Even a week or two out of the market can have a huge negative impact and cause serious business loss. A quick restoration and reimbursement for the business...