It is no longer a secret that the major problem lurking beneath the surface of many stucco homes is water damage. If this is news to you, Google “stucco homes water damage” and you will quickly learn that this is a pervasive issue with stucco homes not built to current building codes.
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In general, when times are good for insurers, policyholders typically get what they pay for, i.e., the higher the premiums – the better the claims are processed / paid and vice-a-versa. In other words, the insurance system, process and promise often works particularly when insurers properly rate a risk and your premiums have been making them profits via their selected investments.
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When my career started in the early 90’s as a licensed public insurance adjuster, my co-workers and competitors were simply known as “public adjusters.” Many public adjusters only contacted risk managers when their employer sustained a large property loss at one of their assets from a catastrophic peril such as a fire, earthquake or hurricane.
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During the winter months when temperatures drop below freezing, there is the risk for pipes to freeze. When frozen pipes thaw, they can burst causing significant water damage. Burst pipes are one of the most common causes of property damage during cold weather. If this happens to you, MLA Claims is here to help you navigate the insurance claims process.
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A residential house fire is one of the most devastating and traumatic experiences, and this is the time of the year when we see a lot of them. Develop fire-safe habits for prevention and make sure your family is prepared. If you do experience a fire, consider hiring a public adjuster to help you through the complicated insurance claims process.
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The storm is over, now what? Once it is safe to return to your home or business, it is important to keep you and your family safe while cleaning up and accessing the damage to your property. Follow these tips to help you navigate the process.
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It is not unusual for certain business owners to initially attempt to handle their property insurance claims on their own, especially if it is the first time they have filed one. Oftentimes, as the claims process proceeds, policyholders find themselves at a severe disadvantage without an insurance claims specialist on their loss recovery team.
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What policyholders do not know about their commercial property insurance policies may hurt them. Two issues MLA personnel frequently find that policyholders misunderstand are co-insurance and protective safeguard endorsements.
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There are at least two sides to every story. With numerous homeowners’ insurance companies with varying products and/or policy verbiage, there are many more when it comes to stucco remediation property claims.
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Together, we are facing a truly unprecedented situation. The coronavirus pandemic is affecting all of our families, our communities, and our daily way of life. At this time, I wanted to reach out and update you on how MLA Claims is approaching the situation.
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As of March 26, 2020, a majority of businesses across the country are suffering business interruption losses and to the extent a business has some form of business interruption insurance, irrespective of whether coverage is clearly afforded under the verbiage of the policy, a claim should be filed.
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Will business interruption due to the coronavirus be covered by insurance? The short answer is that it depends on several factors—beginning with the terms and conditions of the specific insurance contract as well as other circumstances surrounding the loss.
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MLA Claims is pleased to announce the continued growth of our company with the promotion of James Rode to partner.
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