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1 Replies and 1214 Views Commercial Deductible Buy Back  1214  1 Started by  HuskerCat Has anyone handled a Commercial Policy Deductible Buy Back policy with an overlying other carrier that has a Named Storm Deductible applying  Calling on 'Old F*rts, or may have to dig up Ray 'Trader' Hall!
1 1214
by  HuskerCatJump to last post
11/02/2016 10:25 PM
8 Replies and 2439 Views Explosions from Marijuana Oil Cooking on the Increase  2439  8 Started by  Leland I haven't got one of these claims yet but I have heard they are getting more common.  I know a public adjuster who tried to represent a building owner who was the victim of a tenant who damaged the building with an explosion from marijuana oil manufacturing. Her claim was denied due to a policy provision that excluded loss due to illegal activities, whether or not the landlord was aware of the activity. https://www.vocativ.com/01-2014/hash-oils-trail-seared-skin-annihilated-homes/ 
8 2439
by  LelandJump to last post
09/17/2014 2:15 PM
8 Replies and 2633 Views Utility company, overhead lines  2633  8 Started by  cwrundell I have a claim from a cable company that reports the loss of hundreds of instruments used to transfer signal from satellite to cable and then on to their customers.  The cause of loss is wind and spans 30 locations.   This I can wade through with the aid of an engineer. The insured is also presenting damages to miles and miles and miles of overhead fiber optics and cable. As I understand it these items are excluded in most policies. The insured reports th...
8 2633
by  cwrundellJump to last post
11/16/2012 11:53 PM
34 Replies and 7815 Views Texas Adjusters  7815  34 Started by  Ray Hall
(Topic has multiple pages1 2 )
I started and will finish my claim experience as a native Texan who was a property/liability adjuster for many years. This is a post like the blonde & Polock jokes. 1. Why are there some many fat Texas Adjusters Simple, Texas has more adjusters than any other state.
34 7815
by  olderthendirtJump to last post
09/23/2012 10:46 AM
4 Replies and 1661 Views Difference In Conditions Policies  1661  4 Started by  Medulus The company for which I work writes a Difference in Conditions (DIC) policy for earthquake and flood.  I first encountered DIC policies while working hurricanes Dennis and Katrina.  I had been an adjuster 15 years before seeing my first DIC policy.  I find that, over and over again, when I assign a claim I first have to explain to the adjuster what a DIC policy is and how to read it for coverage.  This applies even with adjusters who have 20 years of experience.  I thin...
4 1661
by  sbeau4014Jump to last post
07/21/2012 9:08 AM
6 Replies and 3679 Views Business Interruption claims volume  3679  6 Started by  vktaylor What is the volume or percentage of business interruption claims&160;&160;&160; Are there companies that track the volume of business interruption(BI) claims associated with natural disasters&160;&160; I want to specialize in supporting commercial adjusters with calculating loss income associated with BI claims. &160;&160;&160;
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by  vktaylorJump to last post
08/24/2011 9:11 AM
2 Replies and 2747 Views Why Should You Hire a Public Adjuster to Settle You’re Claims?  2747  2 Started by  briankeating &160;When you have a business of your own you are bound to have some business misgivings. The company you put up will incur some amount of loss through the years. You may not be qualified enough to deal with these losses yourself and the insurance company may try to get the better of you. This could bring you down and you may end up not getting the best out of the insurance deal that you have. Insurance policies may not be the most easy to comprehend and you may come across many terms tha...
2 2747
by  Ray HallJump to last post
07/28/2011 1:37 PM
0 Replies and 2147 Views Three adds for commercial cat adjusters.  2147  0 Started by  Ray Hall Just read the 3 adds for commercial cat. adjusters. All of the venders are well reguarded. Please note 7 to 10 years confirmed working experience. experience is required to apply. Good adjusters are always needed on cat. losses and it seems the commercial underwriters thinks it takes 7-10 years. Many of us think that way. Just below this is inside adjusters with staff experience to do temp work on storms on a day rate. This is whats needed in the future and it does not seem to be any fast trac...
0 2147
07/21/2011 3:55 PM
3 Replies and 3127 Views Financial Professionals - Business Interruption  3127  3 Started by  vktaylor What is the frequency of using financial professionals to analyze financial statements, calculating loss income and valuing businesses in business interruption claims cases&160;&160;&160; Do commercial adjusters prefer working with national firms or sole&160; practitioners&160;&160;&160;
3 3127
by  Ray HallJump to last post
05/17/2011 3:22 PM
12 Replies and 6321 Views BI Information  6321  12 Started by  Tom Toll Liberty Mutual has basic information on Business Interruption. Their website is below. This should give you a good idea on the complexity of accounting and how to figure BI and Extra Expense coverage. http://property.libertymutual.com/Marketing/pages/BItraining/index.html
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by  Adjuster.PeteJump to last post
02/27/2011 5:23 PM
1 Replies and 2144 Views Capito; Assets Program Coverage Form (Output Policy)  2144  1 Started by  Ray Hall This is not intended for adjusters on dwellings only. I will re-produce a file on a CD I worked in Houston in June 2008 on a tilt wall  warehouse collapse of a roof section. I was requested to write the coverage opinion, the reservation of rights, get buildings history, engage the engineer for old and new reports. The loss was over $300,000. The file is a good example of a loss assigned to an experienced Executive General adjuster. The CD will have all the pages of the policy and the inves...
1 2144
by  Ray HallJump to last post
01/13/2011 1:33 PM
1 Replies and 2091 Views Chinese drywall commercial liability problems for contractors  2091  1 Started by  rickhans Here is a link to an article published today that explains the commercial liability coverage issues and law suites in detail.  It is a copyrighted article so I can copy it here, but is fairly lengthy anyway.  If it becomes a problem using this long link, please let me know and I will see if I can get permission to post the entire article.  I tried searching for the earlier thread on the drywall problem but could not find it so started this thread here.  I thought there was on...
1 2091
by  CatAdjusterXJump to last post
11/02/2010 9:20 PM
25 Replies and 10606 Views Question From Visitor Re: Depreciation on Labor  10606  25 Started by  admin
(Topic has multiple pages1 2 )
The following question was received via Support email: Jim wrote; 'On a commercial ACV policy, can the carrier withold non-recoverable depreciation on the labor to install the new shingles&160; We know the material is depreciated.'
25 10606
by  Ray HallJump to last post
09/14/2010 7:19 PM
2 Replies and 3990 Views Definition of cash in transit  3990  2 Started by  Leland The accounting definition of 'cash in transit' appears to be cash that has left the business and not yet shown up in the bank account. So for accounting it doesn't seem like cash has to be actually moving. What is the insurance definition  If the cash is in a box in the trunk of a car, and the driver stops to go to the bathroom, I would think that the cash is still 'in transit' during the bathroom break. But what if the driver stops at his house, sleeps overnight, and contin...
2 3990
by  Ray HallJump to last post
06/21/2010 5:17 PM
6 Replies and 2862 Views Marijuana Dispensary  2862  6 Started by  Leland just did an adjustment on a building occupied by a medical marijuana dispenary. My principal insured the building only. &160; These busineses are legal under Ca state law, but I think they are against federal law. &160; If you had a marijuana dispensary that had a fire loss, with a loss of stock, would you deny the business personal property claim &160; How would you handle salvage &160; What if the insured claimed the product was very high grade How would you verify it &160; ...
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by  LelandJump to last post
05/22/2010 5:43 PM
2 Replies and 3087 Views Collapse due to Weight of Snow and Ice load  3087  2 Started by  steve sanders Would you consider coverage for collapse due to snow and ice load. Coverage provided under CP 10 30 06-07. Coverage is provded for collapse due to wieght of rain. Would snow and ice be considered weight of rain
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by  jloudenJump to last post
01/26/2010 9:18 AM
55 Replies and 11982 Views The Big Soaker Hurricane  11982  55 Started by  Medulus
(Topic has multiple pages1 2 3 )
&160; So…..Hurricane Whatsis has hit and here’s your commercial assignment!&160;Hurricane Whatsis was a Category One big soaker with minimal wind, but 27” of rain falling in a 48 hour period. &160; &160; Your insured is a condo association in Florida.&160;You know that the Florida condo law makes the Association’s policy responsible for “the drywall out”.&160;The units on the ground floor were previously adjusted and their claims paid, but you have been called back out for a supplement...
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by  LindaJump to last post
01/20/2010 7:03 PM
44 Replies and 13554 Views Commercial Coverage  13554  44 Started by  Ray Hall
(Topic has multiple pages1 2 3 )
This is a hypo with a few twist and turns. The insured is a large granite and marble wholesale location in Houston, Texas in an industrial park. The building has a railroad siding for the park occupants. The insureds building is a stand alone building in the middle of the park. The building is 80 foot long and 48 feet deep. with 20 foot overhead doors.The warehouse space is in the rear. The policy is a CP 10 30 Bld $500,000.  Contents $700,000.  a $5,000. Ded.  both have a 90 c...
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by  insprojohnJump to last post
11/13/2009 12:32 AM
3 Replies and 4487 Views What's the early read on underinsurance in the latest round of Cats?  4487  3 Started by  nixonjf I'd appreciate some&160;insight from the front-lines. How serious is the underinsurance in the latest round of Cat's Is there a noticable difference in the adequacy of reported values between buildings, contents, or business interruption Can you tell if there are issues with the quality of other&160;underwriting variables a) risk classification (lumber yard vs building material dealer, tattoo parlor vs misc retail) b) sq ft c) construction d) basement levels e) address, zip, dista...
3 4487
by  insprojohnJump to last post
11/13/2009 12:23 AM
29 Replies and 12231 Views Grow House Claims  12231  29 Started by  wscook
(Topic has multiple pages1 2 )
Any discussions available on covearage issues related to vandalism losses caused by tenants modifying a house to do indoor farming. William S Cook PA
29 12231
by  insprojohnJump to last post
11/12/2009 11:31 PM
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