Almost everyone will have some form of property insurance in their life. Whether you rent a home, run a business or own a condo, property insurance is bound to be required. This type of insurance provides coverage for damaged or destroyed property. It can be used to rebuild a kitchen after a fire or repair damage caused by a thief.
We pay our premiums on time every month, so we expect our insurers to provide us with the help we need. This is not always the case, though. Insurance adjusters may use what you tell them to deny your claim or dramatically reduce your settlement. Either situation is frustrating and will only add stress to an already difficult situation.
Texas Insurance Attorney
It is in your best interest to consult with an insurance attorney if you plan to file a property insurance claim. The legal team at LeMaster & Ahmed PLLC can help you file a claim, advise you on how to negotiate with adjusters and represent you in court if necessary. Ms. Ahmed and Ms. LeMaster have the experience to negotiate and litigate property claims of all sizes.
Whether you are an individual or business, you can trust LeMaster & Ahmed PLLC to fight for you. Call (832) 356-7983 to schedule a case evaluation. We represent policyholders in Montgomery County, Collin County, Harris County, Dallas County and Galveston County.
- Types of Property Insurance in Texas
- Damage Covered by Property Insurance
- Damage Not Covered by Property Insurance
- Common Property Insurance Disputes
- Additional Resources
Type of Property Insurance in Texas
Property insurance is used to protect our property from a wide range of risks and perils. These policies help repair our home when it is damaged by a storm, provide legal costs when our business is sued or help ensure your property is protected if a condo catches fire. The Lone Star State provides homeowners, renters and business owners a range of property insurance options.
Listed below are common types of property insurance offered in Texas:
- Commercial property
- Commercial general liability
- Builders risks
- Loss of use
- Debris removal
- Business interruption
- Homeowner association
- Boiler and machinery
- Law and ordinance
- Condo associations
Damage Covered by Property Insurance
We never hope to use our property insurance. But when we do, we are thankful to have it. What your policy covers depends on the specifics of the policy. Some policies, like commercial property insurance, for example, will not cover wind and hail damage if you live along the Gulf Coast. If your business is not along the coast, however, it is generally protected from those risks.
Most standard property insurance policies cover the same thing. That being said, though, you should read through your policy declaration to ensure you know what your policy protects. You would hate to suffer property damage only to find out it’s not protected under your policy.
Damages commonly protected by property insurance include:
- Water damage
- Damage caused by vehicles and aircrafts
- Riots and civil commotion
- Malicious mischief
Damage Not Covered by Property Insurance
Knowing what your policy does not cover is equally as important as knowing what is covered. Though a standard policy will not cover certain damages, you can still purchase added protection to ensure you are covered. Keep in mind; insurance coverage varies by policy, so what might be protected by homeowner’s insurance may not be protected under commercial property insurance.
Again, it cannot be stressed enough how important it is you read your policy declaration for a better idea of what your policy specifically does and does not cover. Damage caused by the following perils are typically not covered by standard property insurance:
- Backed up sewage
- Rodent or insect infestation
- Damaged or destroyed high-value items
- Continuous water leaks
- Wear and tear
- Trampoline accidents
- Pool accidents
- Dog attacks from aggressive breeds
Common Property Insurance Disputes
We depend on insurance providers to be there for us after our property suffers damage. More often than not, though, the claims process becomes bogged with disputes that make it harder for us to obtain the settlement we need. Contact an insurance attorney if you are having problems with your insurer. An attorney can evaluate your situation and advise you on the best way to proceed.
Listed below are some of the property insurance disputes LeMaster & Ahmed PLLC handles:
- Bad faith acts by insurance companies: Insurance companies are required to handle property claims in good faith. Failing to do so may be considered bad faith and warrants civil action. Bad faith can include denying a claim without an investigation, failing to provide a prompt settlement and misrepresenting policy information.
- Disputes over the value of a settlement: Adjusters are typically known for making deliberately lowball offers right off the bat because they know you need it. You have the right to reject this type of offer, and you should. Speak with an insurance lawyer if your adjuster is unwilling to negotiate a greater settlement.
- Policy exclusions: All policy agreements contain provisions excluding certain damage and types of property. Most property owners are not aware of these provisions until a claim is denied. By having an attorney review your policy when it’s purchased, you can rest assured all the bases will be covered.
- Property owner negligence: An insurance company may deny a claim because they believe the damage was from a negligent property owner. Some provisions may require property owners to take certain steps before their property will be insured. Commercial businesses, for instance, may be required to install security cameras for their property to have theft coverage.
Consult with an insurance lawyer if you are having issues with your insurance company, even if they are not listed above.
Commercial Property Insurance | Texas Department of Insurance – Visit the official website of the Texas Department of Insurance for more information about commercial property insurance. You can learn about the type of commercial insurance offered in Texas, additional coverage you may want to consider and things to keep in mind when shopping for insurance. The Texas Department of Insurance is responsible for regulating insurance in the Lone Star State.
Homeowners Insurance | Texas Department of Insurance – Follow the link provided to learn more about homeowner’s insurance. You can find information about the types of coverage offered in Texas, what is not covered by a standard policy and the difference between replacement cost and actual cash value coverage.
Insurance Lawyer in Texas
Are you having a hard time dealing with adjusters? Is your insurance company taking too long to settle your claim? The attorneys at LeMaster & Ahmed PLLC are trusted legal advocates who have more than 30 combined years of experience in insurance law and they now fight only for the rights of policyholders. Ms. Ahmed and Ms. LeMaster are well versed in the tactics used by insurance companies to limit their liability. They will use this knowledge to your advantage and will fight to ensure you receive the best possible settlement.
Call (832) 356-7983 to schedule a case consultation. LeMaster & Ahmed PLLC is based in The Woodlands and Plano, but regularly assists clients in surrounding areas like Houston, Dallas and Galveston.