The fundamental principle of a “valued policy” statue is that the parties involved with an insurance contract agree that the property value is binding and not subject to judicial inquiry. According to Investopedia, Valued policy law (VPL) is a statute that...
If you, or someone you know, has suffered from damage due to a Hurricane, like Hurricane Michael or Hurricane Harvey, then you understand the importance of having homeowners, windstorm, or flood insurance. However, after the damage is done, a lot of work has to be...
Many businesses were forced to close or pause due to the restrictions caused by COVID-19 and are asking, “when is the best time for me to file a business interruption claim?”. Due to this, this leaves business owners in a unique situation and not sure what...
Insurance companies that are issuing refunds for personal auto policies since driving is being reduced due to COVID-19 are making headlines. The insurance companies are seeing great, profitable results since vehicles are not traveling as much. A more significant...
The Puerto Rico earthquake that hit nearly two months ago has left many families homeless. Many residents are living in shelters, cars, and tents without a sign of restoration to their homes. This earthquake has left many Puerto Ricans rattled and...
Puerto Rico homeowners are still waiting for their insurance companies to pay for the damages caused by Hurricane Maria. The storm has generated over $1billion in damages to Puerto Rico homeowners. Both homeowners and cities are getting pennies on the dollar....
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