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Originally Published With REjournals | BRANDI SMITH | JUNE 2, 2020

Nearly every business has incurred some kind of economic loss associated with the COVID-19 pandemic, which in some cases has proven to be as detrimental as damage caused by severe weather or a natural disaster.

“The ensuing result has been an extremely large economic loss to policyholders who have, in turn, looked to their insurance companies and said, ‘Hey, this should be covered, right?’” said Scott Friedson, CEO of Insurance Claim Recovery Support.

This is Friedson’s forte. As a public insurance adjuster, he’s authorized and licensed to negotiate insurance claims on behalf of policyholders, including business interruption loss claims.

“There have been a lot of disputes and interpretations going on as it surrounds this completely uncharted territory that we’ve entered into around COVID-19 insurance claims,” he said, kicking off REDnews’ May 14 webinar Navigating Current Business Insurance Claim Loss Strategies.

Read the full article HERE. 

 

Georgetown Residents Now’s The Time to Submit Your Hail Damage Claim!

Early Thursday morning the residents of Georgetown woke up and began to assess the damage from what will likely be one of the most costly hail storms in Georgetown’s history.

Hail from egg-sized to the size of tennis balls pummeled the city, especially the NW portions close to Serenada and Sun City. It was even confirmed by The National Weather Service that baseball-sized hail was produced by the storm. That’s hail that reaches 2.75 inches in diameter.

Photo Courtesy of Madelyn Young Ereckson

The baseball-sized hail was produced by an 81 mph updraft wind, and fell into roofs and cars at estimated speeds of 50-60 miles per hour. To produce updraft winds inside of a thunderstorm that strong, you need tremendous instability in the atmosphere, and strong wind shear to keep the updraft and the downdraft in the thunderstorm separate and self-sustaining.

For more information, visit THIS ARTICLE, written by Nexstar Media Wire of FOX4

We’re happy to help Amistad Bank after the April 11th hail storms. These kinds of storms can cause massive damages to businesses.

A severe thunderstorm with strong wind gusts and softball size hail hammered Del Rio, TX the night of April 11th, causing extensive damage to vehicles, roofs, and windows.

Neighbors throughout the city reported large hailstones, ranging from quarter size to golf ball and even softball size in their properties.

A severe thunderstorm warning issued by the National Weather Service alerted residents of Kinney County, Val Verde County and South Central Texas area of the storm, encouraging everyone to seek shelter immediately.

At 8:30 p.m the storm was located 12 miles east of Del Rio, moving east at 25 mph.

The storm carried a potential of 60-mile an hour wind gusts, the National Weather Service warning said.

After a hailstorm like this, it’s important to take steps to file a successful insurance claim:

  • Check your property for any potential hail and wind damage.
    • Damage to trees, landscaping, and vehicle dents for collateral damage.
    • Broken windows or siding.
    • Dents in gutters, downspouts, and air conditioning units.
    • Missing shingles, indentations in roof materials.
  • Take pictures of all damages.
  • Contact your insurer or insurance agent and put them on notice you intend to file a hail insurance claim.
  • YOU MUST MITIGATE DAMAGES as soon as reasonably possible.
  • Keep records of mitigation and clean up expenses.
  • Contact ICRS for a complimentary hail report that provides hailstone size at your location, policy review, and building inspection.

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Topics Include:
• Should you file a business interruption insurance claim now?
• What options do Policyholders have to get claims settled?
• How to make a strong argument for business interruption coverage.
• How does a virus exclusion endorsement potentially affect civil authority coverage for business income losses?
• Review of Physical loss or damage policy language.
• Leading question “gotchas” from your insurance company
• Definition & importance of “civil orders”
• Elements of a business loss claim

Shannon Loyd
Attorney
The Loyd Law Firm, P.L.L.C
Scott Friedson
Public Insurance Adjuster
Insurance Claim Recovery
Support
Bruce Smith, CPA/CFF, CFE
BDS
Forensic Accounting


Sponsorships or Future Webinar Ideas:


Contact:
Ginger Wheless
713.661.6350
ginger@rednews.com

Registration or Technical Questions?
Contact:
Alan Davis
alan.davis@rejournals.com

Don’t let your insurer underpay or delay your
Insurance Claim Settlement


Business owners trust the licensed public adjusting firm Insurance Claim Recovery Support, LLC (ICRS).

We are one of the country’s oldest and leading Commercial and Multifamily insurance claim specialists with over $100M in claims settled fairly and promptly.

We exclusively represent the interests of and advocate on behalf of policyholders and we’re not attorneys or contractors.

Policies typically require you to file your insurance claim promptly.

The settlement process can be taxing.

Interpretation of policy language, settlement negotiations and meeting the burden of proving what you are rightfully owed can frustrate you to a point where you may even think about using your insurance company.

Almost everyone we’ve ever helped felt the same frustration you do and very often we help policyholders successfully avoid unnecessary litigation.

If you are dealing with a large commercial or multifamily property damage insurance claim, I urge you to consider the possibility of protecting your interests, being proactive and do not wait or waste your valuable time dealing with an insurance claim that you anticipate may be delayed or underpaid.

100% of the claims we represent have resulted in faster and/or higher settlements than the insurer’s original offer and we work on contingency, no recovery no fee.

Everybody deserves a fair settlement, but the expertise required to successfully navigate the claim process is best left to experts who know how to win the repair vs. replace disputes associated with hail insurance claims.

Insurance companies are for-profit businesses. Minimizing your claim increases their profits. Why allow your carrier’s hired adjuster to document and settle your claim when they don’t represent your interests?

Whatever stage your insurance claim is in, we solve insurance claim problems. I look forward to answering any insurance claim questions you may have.


WE EXCLUSIVELY REPRESENT THE INSURED

Has Coronavirus interrupted your business, income, and revenue?


Most policies exclude viruses but many business interruption policies trigger coverage for business loss due to a pandemic event or civil authority. If your City or State has issued an order to shut down your business we can assist you in determining if your policy language can arguably trigger coverage and assist you in filing your claim.  Insurance Claim Recovery Support is offering a free consultation by way of a free review of your policy to advise whether your business may have coverage for loss of income.  Simply fill out the form below, we will contact you within 3 business hours and you will receive a link to schedule 30-minute complimentary consultation.

Skilled, trusted public insurance adjusters can advocate for their business owner/operator clients with both claim adjusters and examiners — and how they negotiate with each will change significantly in this market.

Business Interruption Loss Claim Review

Has Coronavirus interrupted your business, income, and revenue? Civil Authority for the shut down of restaurants and businesses may trigger coverage.

Sunday’s tornadoes in DFW have resulted in an estimated $2B in losses making the event the costliest in North Texas history.

Wind claims are prone to repair vs replace disputes. The best time to have Insurance Claim Recovery Support LLC public adjusting firm represent your interests is now before a problem arises. We have assisted owners and operators to settle over $100M in Commercial and Multifamily property damage insurance claims fairly and promptly and represent some of the largest real estate organizations in Texas.

AUSTIN, Texas – May 21, 2015 – PRLog — Insurance Claim Recovery Support LLC, a leading licensed public insurance adjusting firm in Austin, Texas urges policyholders dealing with storm damage property in the Counties of Harris, Travis, Brazoria, Montgomery, Fort Bend, Tarrant, Dallas, and Johnson from weather-related events occurring April 16, 2015, through April 19, 2015, to be aware of the following insurance claim essentials:

Texas Department of Insurance (TDI) has declared these events catastrophe for the purpose of claims processing.  Per Texas insurance code 542.059, claim-handling deadlines under this subchapter are extended for an additional 15 days.

TDI Bulletin #B-0014-14 reminds insurers, insurance adjusters, and public insurance adjusters that House Bill 1183, effective September 1, 2013, establishes prohibited conduct of insurance adjusters, public insurance adjusters, and roofing contractors.

Roofers and contractors are prohibited from acting or advertising to adjust claims for any property for which the contractor is providing or may provide roofing services, regardless of whether the contractor holds a license to adjust insurance claims.  A roofer or contractor may not advocate on behalf of a consumer or discuss insurance policy coverages and exclusions. See FAQ regarding unlicensed individuals and entities adjusting claims and TX statute 4102.163.

Consumers are urged to keep the following in mind:
· Texas does not require roofers to be licensed. Be careful of any roofer or association that states they have a roofer license or claims to be a licensing entity.

·       Be wary if a contractor tells you of their experience in settling insurance claims or in dealing with insurance carriers and adjusters. Contractors are expressly prohibited from negotiating your claim with the insurance company and, other than providing and/or explaining an estimate to repair the damages that occurred, they should not be involved in the claim process.

·       Read contracts carefully before signing them. If the fine print says that you are authorizing the contractor to deal with the insurance company on your behalf, you can assume that the contractor is ignoring the requirements of the law above.

·       Do not sign contracts that assign all or a portion of an unsettled claim to the contractor and do not sign contracts that do not have a stated price for doing the work. Often we see contracts where the work will be done for “insurance proceeds recovered.” Many jurisdictions have found these contracts to be invalid because they do not state the exact price that is to be paid.

·       Do not sign contracts that require you to pay a contractor a percentage of the amount recovered in the claim if either party decides to cancel the contract. This is often a sign that the contractor plans to get involved in the negotiation of the claim in violation of Texas law.

·       Don’t become a victim of fraud schemes such as “Roofing deductible assistance programs.” See BBB investigation of Roofing Deductible Schemes.

Contractors are Vendors for the insured.  Public Adjusters are Agents for the insured who act solely on behalf of a homeowner or commercial building owner to negotiate the settlement of an insurance claim in a non-litigious manner.

Only Public Adjusters are licensed by the state department of insurance to advocate for the policyholder in negotiating first-party insurance claims.  A Public Adjuster settles claims for loss or damage under any policy of insurance covering real or personal property, usually for a fraction of the time and expense of an attorney. If you find yourself in a dispute with your insurance company, we encourage consumers to contact a Public Adjuster.

TDI investigates written complaints of persons (including but not limited to an individual, corporation, association, or other legal entity engaged in the business of insurance, including an agent, broker, adjuster per 541.002) violating the Insurance Code. Violating Insurance Code Chapters 4101 and 4102 may result in criminal penalties and license denial, suspension, revocation or fines.

While there are a number of good and ethical contractors, we encourage you to know your rights. Download Texas Consumer Bill of Rights for Homeowners.

The opinions expressed are those of the author(s) and do not necessarily reflect the views of the firm, its clients, or any of its or their respective affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal advice.