As a lawyer representing property owners in property insurance claim disputes, one key process my clients sometimes encounter is insurance appraisal. Here’s an overview of what insurance appraisal is, how it works in North Carolina, ...
When property owners receive insurance claim proceeds after filing a claim with their property insurance company, a common question arises: Are these proceeds taxable? Understanding the tax implications of insurance claim proceeds is ...
When navigating the aftermath of property damage, homeowners often not only face the physical loss of their property but also significant emotional distress. This stress can be exacerbated by the way an insurance claim is handled. In ...
Under North Carolina law, when an insurance company contends that a fire loss is not covered due to the insured's intentional actions, such as setting the fire deliberately, specific legal standards and principles apply. This blog ...
When a property insurance company goes out of business in North Carolina, policyholders with open claims may initially feel a wave of panic and uncertainty. The dissolution of an insurance company doesn't mean that claims will be left ...
I have seen countless cases where my clients have suffered significant losses due to property damage, only to face further hurdles in the insurance claim process because they lacked proper documentation of their contents. It is a ...
Property insurance is a critical safeguard for businesses, offering protection against a range of unforeseen events that could otherwise disrupt operations and financial stability. In North Carolina, as in other states, business ...
If you are considering purchasing an insurance policy with a co-insurance requirement, it is essential to understand the concept of co-insurance and the potential implications for your coverage.
Co-insurance is defined as a ...
Concurrent causation is a pivotal concept in understanding how to make proper property insurance claim coverage determinations under North Carolina law. This concept is crucial when evaluating insurance claims where multiple causes ...
The "Innocent Spouse Doctrine" in the realm of arson insurance claims holds particular significance in jurisdictions across the United States, including North Carolina. This doctrine can serve as a pivotal factor in determining the ...
In recent months, North Carolina has found itself at the center of a heated debate surrounding proposed insurance rate hikes that could potentially impact residents, businesses, and the overall economic landscape of the state. The ...
We have prepared the below tips (for actions to take before and after the storm) for documenting and making inevitable hurricane related insurance claims:
Photograph the condition of your property before the storm
Oftentimes, ...
