The Louisiana legislature has protected homeowners by preventing insurance companies from charging two “hurricane deductibles” in a calendar year. If you are in Texas or Louisiana, you are likely frustrated that the respective commissioners of insurance allow for deductibles of 5% of the Coverage A dwelling limit. Historically, deductibles were 1% of the limit of […]
Louisiana Deductibles Read More »
Homeowners insurance is a contract for a promise. You are paying for the promise that if something happens to your property, you will be protected. In some commercials, insurance companies liken the promise they sell to a good in a store – or a present under a tree. But it isn’t like that at all. In fact, the nature of the contract –
Insurance: The Business of Selling Promises Read More »
Insurance policies are expensive – and every year you spend a lot of money to buy a promise in case something happens to your home or business. Part of that promise is limits of liability – caps on covered damages – that are described in the Declarations. But, is that all your premium buys? NO. Because insurance
What damages am I entitled to other than my policy benefits? Read More »
We get asked all the time – why do I need a lawyer? My contractor says he can handle it. A public adjuster says he can handle it. It seems like homeowners are getting advice from lots of different people about how they should handle their insurance claim. Lawyers can recover damages that your public
One question that is popular on our Facebook page is about attorney’s fees. How do they work? How much are they? In contingent fee contracts, the client doesn’t pay the attorney by the hour. That means if we accept the case, all the risk of the case is on us. In a Hurricane case, we typically assign experts
Why are the attorney’s fees so high in cases like this and what are some examples? Read More »
