What You Need to Know about Additional Living Expense and Loss of Use Coverage Most homeowner insurance policies provide coverage for additional living expenses (ALE) incurred as the result of a covered peril. ALE coverage reimburses the policyholder for expenses that are above normal household living...
A property loss can turn your life upside down. Losing a home and possessions to a fire, flood and another disaster can be emotionally and financially devastating to any family. Still, right away, you have to invest your time and energy into preparing and filing...
Cold winter temperatures can cause costly property damage. In Michigan, we get a substantial number of sub-zero days from December through March. In winter, your home is at increased risk damage from frozen pipes, water infiltration through the roof, collapsed roofs or fallen trees due...
An investment in knowledge always pays the best interest. Benjamin Franklin It may seem providential! You just had a fire, or flood, or another disaster...
What is a Sworn Statement in Proof of Loss A Sworn Statement in Proof of Loss is a document the policyholder may be requested to submit following a property loss claim. The purpose of the Proof of Loss is to obtain a formal statement from the policyholder...
After a property loss due to fire, water damage, storms, or other disasters, the homeowner needs to take the right steps to prepare and file the insurance claim . Avoid common pitfalls and ensure a successful settlement with these basic rules for insurance claim success: Understand...
Metro Detroit, Michigan - August 11, 2014 Historic rainfall in one of the wettest days in recorded history for Southeast Michigan has resulted in widespread flooding throughout the metro Detroit area. As a consequence of the downpour, the area’s homeowners and businesses suffered substantial property losses,...
Cooking is the leading cause of residential fires. Cooking and related activities are the direct cause of over 90% of kitchen fires and of more than one third of all residential fires. Each year, close to 150,000 fires are attributed to unattended cooking. About 60% of...
Did you know?? Casualty losses or theft losses not covered or reimbursed by your insurance company may be deductible on your federal income tax return. The deduction is taken for the year when the loss occurred, unless is from a federally declared disaster, in which...