As Minnesotans, we know that we still have several weeks of cold, snow and ice ahead of us. However, that doesn't mean it is wise to wait that long to file a claim for property damage caused by weather.
Thanksgiving 2014 was not the pleasant occasion several families in a state outside Minnesota had hoped it would be. Their festive plans were brought to an abrupt halt when a water main break caused a flood in their neighborhood. Water gushed into their homes, making it necessary for them to evacuate and live elsewhere for approximately five months. Since then, repeated property damage claim denials have prompted two couples to file a lawsuit against the city where it happened.
Many Minnesota business owners have had the unpleasant experience of learning their property has sustained damage for one reason or another. Many times, rectifying such situations is as simple as filing a basic insurance claim and allowing the system to work. Property damage claim denials, however, are an entirely different matter, often causing delays, stress and bottom line instability for business persons.
Weather is a major force in any state, but in Minnesota, it poses a unique challenge. There are thunderstorms and tornadoes; freezing temperatures and plenty of ice; snow and rain; sweltering heat and flooding; and many of these extreme factors can happen at any time. Seasons change, but the threat of the force of nature never does. It is always there, looming, and without concern for what is damaged.
On this blog, we talk a lot about how insurance companies go out of their way to deny your claims. However, today we would like to talk about a few legitimate reasons that an insurer may have to deny your claim. Specifically, we will be discussing auto insurance policies for the sake of this discussion.
One of the most common pieces of property that utilizes the insurance it is covered by is motor vehicles. Most people have a car or drive one, and they need insurance to have such a privilege. When car accidents happen -- and they happen at an astonishingly frequent rate -- the people involved will look to their insurance company to cover the costs of the damage done to their vehicle.
On July 26 we talked a bit about what is and is not covered under most insurance policies.
Am I covered?
There's a truly upsetting epidemic ravaging the state of Connecticut right now, and if you're a homeowner, it will strike you as particularly galling. Many homes in Connecticut are suddenly falling apart -- literally. The foundation of the homes are cracking and crumbling due to oxidization that no one expected, and these homes have a common link. The concrete used for these foundations all trace back to a specific quarry that uses a concrete mixture with high levels of pyrrhotite.
Anything can happen on any given day. That's an exciting statement, just as it is a terrifying one. When it comes to insurance, the whole point is to help people recover from the terrifying possibilities. Will a thunderstorm cause serious damage to my home? Will a car accident ruin my vehicle and leave me injured? Will my business be covered when an unexpected fire occurs?