Latest News on Fire Damage Law

brought to you by St Petersburg Property Damage Attorney Jonathon W Douglas

2 10, 2018

Will President Trump’s Tariffs Impact Insurance Claims?

By |2018-10-02T16:22:04-04:00October 2nd, 2018|Categories: Fire Damage Law, Hurricane Damage Law, Insurance Claims, Tree Damage Law|Tags: , |

The news outlets have been covering the various different sectors which President Trump’s recent tariffs on steel and aluminum have impacted. Everything from auto manufacturing, small business manufacturing, and even the military. But will President Trump’s tariffs impact the property insurance industry? The most direct way the tariffs will impact the property insurance industry will be the delay in applicable pricing standards to be applied to property insurance claims.

Imagine you file a claim for roof damage as a result of a hurricane or a wind event. Now your insurance company will assign a field adjustor who will come out to your property and evaluate the damages. Assuming they determine it is a covered loss, they will then determine how much it will cost to replace the damaged portions of your roof or whether total replacement is necessary. In either event, the adjustor will be using certain predetermined pricing guidelines found in estimating software such as Xactimate to determine the cost the insurance company will offer to pay you for your covered loss. Unfortunately, these predetermined pricing guidelines are not factoring in the actual real cost which a roofing contractor would have to charge a consumer to perform the recommended repairs or roof replacement. The costs to the roofing contractor have been rapidly increasing on aluminum, lumber and plywood, as well as steel products as a direct result of the tariffs. Additionally, however not necessarily related to the recent Trump tariffs, asphalt, felts, and coatings have jumped in price as well. These cost increases are initially incurred by roofing contractors and will therefore be passed along to the consumer.

The increase in the cost of construction materials creates a scenario where the insurance companies’ estimating programs provide costs at a far smaller value than what it actually costs a contractor to perform the recommended work. This creates a situation of an underpaid insurance claim and is a primary factor in an insurance policy holder’s decision to seek help from a property damage attorney. All too often, the insurance companies will draw a line in the sand based upon their own estimate, not realizing or not caring about the fact that the real cost to replace damaged property far exceeds their paltry estimates.

President Trump’s Tariffs May Very Well Impact Insurance Claims

The reality of an insurance company underpaying an insurance claim is all too real to Florida homeowners. The Trump tariffs only increase the likelihood of this insurance company practice occurring; homeowners and business owners must remain vigilant in their efforts to get fully compensated for their insurance claim. If you have experienced a denied, underpaid, or delayed property insurance claim, do not delay in contacting St. Petersburg Property Damage Attorney Jonathon W. Douglas at Battaglia, Ross, Dicus & McQuaid, P.A. for a free consultation. We will ensure that your loss is given the proper valuation in light of all existing site conditions and trends in the construction industry.

ST PETERSBURG PROPERTY DAMAGE ATTORNEY JONATHON W DOUGLAS
5858 Central Ave suite b
St. Petersburg, FL 33707
(727) 381-2300

11 09, 2018

What to Do If You Have Had Fire or Tree Damage

By |2018-09-11T12:08:35-04:00September 11th, 2018|Categories: Fire Damage Law, Tree Damage Law|Tags: , , , |

Owning a home is a responsibility. There are so many things to take care of and to pay attention to. Every homeowner needs to be concerned about the damage that can happen to their home and what they can do about it.

Fire or Tree Damage Can Happen To A Home Easily

For many people, fire or tree damage happens and is dreaded. It can be caused by a storm or other type of occurrence or by neglect. Homeowners will want to check the fire or tree damage as soon as something happens. It will be a good idea for them to contact an expert so that they understand what they need to do in order to get their home back in order. For many people, an attorney will be needed.

Finding A Good Attorney

In order to find a good attorney, many people ask other people for recommendations. They ask their friends, family, and co-workers who they have used in the past. This is because they need to be able to trust someone enough to tell them information about their home.

Know Your Rights When You Have A Problem With Your Home

It is very important that you know your rights when you are searching for a lawyer to help you with problems with your home. When you know your rights, you will be able to enlist the help of a lawyer that will give you the proper information that is needed to get your home back in order.

Other Ways To Locate A Good Lawyer To Help You

If you need to find a lawyer and the people that you know do not know of one, you can do a search on the Internet. Try to find one that is close in proximity to either your home or work. You will want them to be available when you need them.

Trusting The Lawyer Is Important

When you first have a consultation with the lawyer, you will want to make sure that you can trust them. Be sure that you have a good rapport with the lawyer so that you can be as honest as possible when you are dealing with them. In most cases, the consultation phase is free. Bring along photographs of the damage that was caused to your property so that the lawyer can have the information to keep in your file.

How Can The Lawyer Be Of Help?

Depending on what caused the damage to your home, the lawyer will be able to get you the money that is necessary to fix the problems. This may include dealing with your home insurance company. Be sure to give the lawyer all of the information from your home insurance policy. The lawyer will be able to discuss specific points with the insurance company to get you the money that is needed in order to repair the damages.

How Much Will The Lawyer Cost?

This will all depend on the lawyer that you choose. During the consultation phase, you will receive the information that you need in order to understand how much you will need to pay them. You will also receive information on what means of payment they will take for their service. In most cases, they will accept cash, checks and credit cards.

How Long Will The Process Take?

The process will take more time depending on how much damage there is to your home or property. Be prepared for it to take a while. Have several ways for you to get in touch with your lawyer. A cell phone number is a great way to be able to reach them when you need to. Texting is easy for many people to do, and you will be able to contact your lawyer quickly when you need to.

After The Case Is Completed

You will want to keep your lawyer’s information in case you need them again in the future. They will be extremely beneficial to you.

Since you are the owner of your home, make sure that you are making the time to do the upkeep that is necessary. When you do this, you can feel proud of the place that you live in. Don’t hesitate to contact a lawyer if you find that your house or property has been damaged. They can help you in so many ways.