, , ,

Understanding Debris Removal

Debris Removal Insurance Coverage in Safford, AZSome coverage is hard to explain, it’s much easier to just say see! That is exactly the case with debris removal. Debris removal isn’t difficult to explain, it’s just the cost to remove the pile of trash your insurance claim just left. If there is a fire, it’s going to be the ashes and rubble, but also the mess the fire department caused while putting it out. Let’s be real they are great a putting out fires, but they aren’t exactly tidy. If there is a flood, we might be looking at all the damaged drywall and installation. Some of it might be moldy or muddy. The point is there is a cost to haul it away. But there is also going to be a cost for the demolition, which can get pretty costly.

Recently near my office there have been two fires. The first was in a second level apartment. The second was in a single-family home rented to a young couple. It was on one of my many strategy walks that I decided to explain debris removal through picture.

Debris removal is usually included in most property insurance policies, but like most things with an insurance policy there are limits. Depending on where it is commercial insurance or a homeowner’s policy it can vary, but here are some things to consider when it comes to debris removal.  How unique is your building? How old is your building? How much space is around your building. All of these and more can cause additional costs in removing debris from your property. Another consideration is building materials. Is there any asbestos in the building? The cost of asbestos disposal adds additional cost to debris removal.

As is not unusual, insurance policies provide coverage for a number of different situations that you probably hadn’t even considered. While we may often complain about insurance the truth is that the benefits provided by our insurance policies are amazing.

Communicating with your insurance company – You have options

Insurance companies can rightly be described as technological dinosaurs. I mean for years one company has been extolling the virtues of getting a quote in 15 minutes. On a side note did you know you can get a quote from multiple companies on GilaInsurance.com in just a few minutes as well? Again, dinosaurs. I mean my patience for 30 second in a microwave is almost nil. Don’t even get me started on when the internet decides to have a traffic jam (super highway. It’s supposed to be a super highway, that means no buffering, right?). Moreover, in our office we have often made the joke that we are in the tree killing business.  Why because it seems that insurance companies feel the need to print reams and reams of paper of stuff that you will likely never read (Gila Insurance Group LLC does not endorse this practice and highly encourages you to read your policy the writer was unwittingly feeling that pragmatism was witty). My favorite is the part of the insurance policy that states this page is left intentionally blank… why?

That said, increasing insurance companies are getting better at communications. They will text you, email you, mail you, allow you to access their app, and try to get you to sign in to their insurance portal. Basically, all the ways that you are likely to communicate insurance companies will now do. The question is, how do YOU communicate. Because that is the option you need to select.

Insurance companies do tend to send a lot of communication, but once you are a customer you are only likely to receive important documents. Your actual policy, bills, and renewal offers. All things that you should pay attention to. But more importantly, you may be receiving communications where the company may cancel or change the policy. These are thing that you must pay attention to. Why? because Murphey’s law dictates that the day your policy expires is the day you have something happen. State Law dictates how and when insurance companies can cancel a policy, and part of that is that they have to notify you.

While previously it could be said, hey, I was on the road I didn’t get that in the mail. Today there are too many ways that insurance companies communicate with their customer to blame the mail.

Moral of the story is, choose the communication method that works for you and be sure to pay attention to the communications you receive. It might be something annoying, but it might be something important.

Why You Should Require Your Tenants to Have Renters Insurance

Renters Insurance Safford, AZDo you require your tenants to carry renters insurance? If not, you should. Why? Because it matters. I have a cousin that is a defense lawyer for a large insurance company. He defends them for liability cases. He has seen ALL sorts of crazy situations, and has a way of telling the story. The other day, he was explaining a situation that caught my attention. Landlords rents to a family. Tenants have a dog that would “never bite anyone.” Dog bites a kid. Takes a chunk out of his calf. The landlord was smart, and required his tenants to carry renters insurance. The limits the renters had weren’t high, but the hospital bill was covered. Good for the landlord, right? Wrong. Landlord also gets sued. Why, because while the hospital bills were covered there was some pain and suffering that wasn’t. So, naturally it would be the landlord’s responsibility for having allowed such a vicious dog to be on the premise. The verdict in this case was still pending when I spoke with him. But the outcome is irrelevant. He was their defending the insured, which brings up 3 things we can learn.

  1. The Defense costs provided by your landlord insurance policy are extremely important, without it, this poor landlord would have been footing the bill for this case.
  2. It would appear this landlord would have been on the hook whether or not the tenant had insurance, but because the tenant had insurance, the loss to the landlord was less that what it could have otherwise been.
  3. Ask about them, screen them, maybe don’t rent to people with them, and if you do, please remember Inspector Clouseau (https://www.youtube.com/watch?v=Kg0CQKQWLJI). Simply asking if their dog bites, may not be sufficient. If you do rent to people with dogs remember there are certain dog breeds that should be excluded in all cases. These include Pit Bulls, Rottweilers, Dobermans, Chows, Akitas, and other aggressive breeds. Yes, theirs might be the gentlest dog ever, but statistics show the bad liability claims are related to these types of breeds. Insurance companies don’t want to take the chance, and neither should you.

For a quote on renters insurance, contact us today.