One of the most important parts of an insurance policy today is also one of the most overlooked and misunderstood. It’s called an insurance endorsement or a rider. In short, it’s a minor or even a major modification to the original insurance policy. The insurance endorsement adds, excludes or changes…
Whether you’re dealing with a fire in your commercial building or a major leak in your home, you’re facing a lot of downtime, inconvenience, and the cost of repair and replacement. While your first phone call may be to your insurance agent, there are five reasons why your second call…
When you receive your insurance claim payout, you might wonder if you must use that money for repairs. The short answer is nuanced and deserves a thorough explanation to understand the potential long-term implications of your choices. Are You Obligated to Use the Money on Repairs? Once the insurance company…
When you receive an insurance payout, it typically comes in one of two forms: Actual Cash Value (ACV) and Replacement Cost Value (RCV). ACV represents the current value of an item, considering depreciation, while RCV covers the cost to replace or repair the item to its pre-loss condition without factoring…
An ensuing loss provision is a critical aspect of insurance policies, designed to provide coverage for losses resulting from a specific event that is initially excluded under the policy but leads to a subsequent covered event. This provision plays a vital role in bridging coverage gaps, ensuring that policyholders have…
At the heart of Doyle Adjustment Group lies a commitment to our core values and a focus that sets us apart in the public adjusting field. Our foundation is built on integrity, expertise, and relentless advocacy for our clients. Here’s why we stand out: Unwavering Values and Core Focus Integrity…
At Doyle Adjustment Group, we honor your freedom to choose the contractor you feel most comfortable with for your property repairs. It’s your home, your decision. That said, we encourage selecting a contractor who has a deep understanding of the insurance claims process, including supplementing claims, navigating mortgage processes, and…
At Doyle Adjustment Group, our core focus is on ensuring that you, our valued client, receive the maximum benefit and support through our services. We understand that navigating the aftermath of property damage can be stressful, and our goal is to alleviate that stress, not add to it. Here’s how…
Recoverable depreciation plays a significant role in home insurance claims, especially for policies with replacement cost coverage. This concept refers to the difference between an item’s replacement cost value (RCV) and its actual cash value (ACV) at the time of loss. Essentially, it’s the part of a claim payout that…
After filing an insurance claim, getting your mortgage company to release the funds can be complicated. Understanding this process can save you time and help ensure your repairs proceed smoothly. Here’s a step-by-step guide to help you navigate this process effectively: Initial Contact and Documentation: After filing an insurance claim…
