Sophisticated insureds in Texas cannot pocket replacement cost benefits without making actual repairs. Courts enforce strict policy conditions—failure to repair means recovery is limited to actual cash value.
When an insurance claim goes to appraisal, policyholders and insurers alike often wonder — once the award is signed, can anyone change it?
A recent Texas appellate decision in Mallady v. Homeowners of America Insurance Company answers that question with a clear no. Once two members of the appraisal panel sign the award, it becomes binding. The umpire cannot rescind or “fix” it unless very limited exceptions apply.
In Texas, policyholders have a powerful tool when dealing with delayed insurance claims: statutory interest penalties under the Prompt Payment of Claims Act. But what interest rate applies, and when does that clock officially start ticking?
NEVER let a property damage claim sit for two years after the Date of Loss (DOL) without consulting a lawyer. You could lose your rights—or even get sued.
Pre-loss inspections are comprehensive evaluations of your property conducted before any damage or loss occurs. These inspections document the current condition of your property as it was insured. I am sure that the exercise of thoroughly inspecting your property may sound daunting, especially if you’re unfamiliar with construction.
Green, Klein, Wood & Jones, also known as The Dragon Slayer Lawyers, are proud to announce that their signature Dragon
Dealing with complex commercial insurance claims can be daunting. Learn essential tips to streamline the process and protect your business interests.
In Texas, contractors involved in the repair and restoration of properties may unknowingly find themselves in violation of the insurance code provisions which specifically designate certain practices as requiring a public adjuster’s license, specifically Tex. Ins. Code § 4102. This has commonly come to be called the Unlicensed/Unauthorized Practice of Public Adjusting (UPPA).
Recently, on a prominent insurance forum, a question was asked regarding the specific deadline for filing an insurance claim in Texas, and how to determine what that deadline might be. Responses varied widely, with only a handful of answers nearing accurate.
Insurance policies are extremely complicated legal documents, written by teams of lawyers, consultants, and actuaries. They are repetitive, circular, and very difficult to understand.
Call for legal services
Begin your journey to victory with us. Your first consultation is complimentary. Fill out our claim review form now, to see if we can help.
