Cosmetic and functional damage

Great article by Merlin Law on negotiating with insurance company adjusters to ensure "cosmetic" damage is covered in the event your policy has "cosmetic exclusion" language.

 

http://www.propertyinsurancecoveragelaw.com/2016/10/articles/insurance/cosmetic-and-functional-damage-an-academic-discussion-by-neil-hall/index.html

 

Billions in damage expected, Data from CoreLogic

Florida Number of Homes at Risk 1,262,307
RCV $246,361,033,055
South Carolina Number of Homes at Risk 338,640
RCV $77,658,933,162
North Carolina Number of Homes at Risk 244,712
RCV $48,993,759,049
Georgia Number of Homes at Risk 148,718
RCV $32,052,255,097

If you are effected by Hurricane Matthew – make sure you notify your insurance carrier immediately.

http://www.propertyinsurancecoveragelaw.com/2016/10/articles/insurance-claim/giving-your-insurance-company-notice-of-your-loss/index.html

 

What Your Business Should Do After Severe Weather Strikes

Great article from The Hartford....

http://sba.thehartford.com/managing-risk/what-your-business-should-do-after-severe-weather-strikes?cmp=EMC-SC-SBA-50714909

Continental Adjusters is an Exhibitor at RCAT’s Annual Conference & Trade Show, Thurs Oct 13

Please join Continental Adjusters (Booth # 240) at the Roofing Contractors Association of Texas at the Gaylord Texan Convention Center, Thursday, October 13.

Print the following complimentary pass to attend.  Let us know if you have any questions and hope to see you there.

2016-rcat-thurs-oct-13-conference-flyer-free-pass

Cosmetic Exclusion in a policy – this will negatively impact the value of your property

Does your commercial policy include "Cosmetic Exclusion" language (or something similar)?

If it does it basically means that, regardless of the damage sustained, the insurance company will NOT replace the items mentioned unless there is "penetration of water."

Cosmetic loss or damage” means damage to any portion of the roof or siding coverings or appurtenances, doors, windows, awnings, or carports that alters only the physical appearance of any portion of the roof or siding coverings or appurtenances, doors, windows, awnings, or carports (including but not limited to marring, pitting, scratches or dents) but does not result in damage that allows the penetration of water through the roof or siding coverings or appurtenances, doors, windows, or carports or that results in the failure of the roof or siding covering or appurtenances, doors, windows, awnings, or carports to perform their intended function of keeping out the elements for the remainder of their respective original, useful life. Roof and siding coverings means the roofing and siding material exposed to the weather, the underlayments applied for moisture protection, and all flashing and edging required in the replacement of the coverings.  Roof and siding appurtenances includes but is not limited to vents, flue covers, exhaust caps, pipe jacks, gutters and downspouts, skylights, chimney covers, and HVAC equipment.