Those working for popular ridesharing companies such as Uber or Lyft might be putting themselves at considerable risk by only having personal auto insurance. Ridesharing drivers are required to carry auto insurance that conforms with state law and then the company typically provides a secondary liability insurance policy to cover damages sustained as a result of a work-related […]
April 20, 2017 marked the 7th anniversary of the tragic BP Oil Spill. That event cost 11 men their lives, seriously injured dozens, and caused billions of dollars in economic damages to businesses along the Gulf Coast. But seven years later, the Gulf of Mexico is still hurting. Scientists at Virginia Tech University recently completed the […]
Walking might still be the safest way to travel, but a new report released by the Governors Highway Safety Association shows that the risks have increased significantly. There has been an 11% increase nationwide in the number of pedestrian deaths from 2015 to 2016. This is the highest increase for a single year. Fatalities are […]
As we have noted in previous posts, flood insurance policyholders have deadlines they must comply with to ensure full and fair payments from their insurance companies. These deadlines are critical — failure to meet them can result in denial of claims. One of the most critical deadlines is the deadline for the insured to provide […]
“Warrior Dash” is a well-known race series that hosts extreme obstacle races throughout the United States. People obviously enjoy racing through the various obstacles and the spirit of camaraderie that permeates. That there is inherent risk of some danger is exhilarating. The recent “Warrior Dash” held in St. Francisville, however, exposed racers to an unacceptable risk not envisioned by the […]
While we have complaints about inadequate appraisals and underpayments to our clients recovering from the Great Flood of 2016, we know that the National Flood Insurance Program is a critical component of this — and future — recoveries in Louisiana and elsewhere. It is critical that homeowners who do the right thing and pay premiums […]
Insurance is a special type of contract. The consumer pays premiums to the insurance company. In return, the insurance company pays benefits to the consumer if one of the things that the consumer is paying premiums to protect against – like damage from a flood – occurs. But because of the special nature of the […]
We have previously highlighted some important things to know about your flood insurance. We’ve discussed why you need to know how the claims process works and why meticulously documenting all of your damage is vital. We’ve also answered questions that are most frequently asked. Understanding these points is useless, though, if you miss a deadline […]
Recent victims of flooding in Louisiana need to be aware of some of the basic facts of flood insurance: Homeowner’s insurance does not typically cover flood damage. Flood damage is compensated from flood policies issued under the National Flood Insurance Program. The NFIP covers up to $250,000 for the structure of the home and $100,000 […]
As the waters recede, the recovery begins. And that recovery will take money — money to rebuild homes, replace furnishings, and remake devastated communities. Flood insurance is intended to do just that. But how does the process work and what should flood victims do now — within the first few days of the water going […]