Joplin First Party Property Insurance Attorneys

Despite the premiums of First Party Property Insurance policies increasing on a yearly basis, many policy holders are having their claim applications either rejected or underpaid by their insurance providers.

In fact, with the Insurance Research Council (IRC) forecasting property damages to increase substantially over the coming decade, it’s important for insurance policy holders in Joplin to be aware of the areas that their policy covers along while also clarifying if any damages may be pro-rated by the insurance agency.

If you or someone you love in Joplin has had their first party property insurance policy denied, rejected or short paid, we can help.

To find out how, simply fill out the “Free Case Evaluation” form located to the left.

Common Causes of Property Damage

 Even though many home and business owners go to great lengths to protect their property, in some instances the forces against them can be too much to bear.

Some common causes of property damage can include:

• Water (storm surge)
• Fire
• Theft
• Flood
• Vandalism
• Lightning
• Burst pipes
• Smoke
• Water heater failures
• Wind
• Collision
• Explosion
• Electrical

It’s important to note that with flood insurance payments totaling more thatn$1.3 BILLION in 2011, insurance companies often leave out flood coverage in many property damage insurance policies. With this in mind, if you or your business is at risk of flooding, it’s a wise decision to closely review the details of your policy to ensure that you are covered.

Types of First Party Property Policies

In an effort to simplify the application process, most insurance companies that provide first party property insurance offer it as either environmental or commercial coverage.

Due to the variety of reasons, there are some distinct differences between these two policy types which generally include:

Environmental – this coverage provides applicants with a policy that offer financial compensation for the repair or replacement of property that is damaged by environmental factors including:

• Hurricanes
• Tornadoes
• Earthquakes
• Lightning
• Wild fires
• Hail
• Floods

However, it’s very important that policy holders read the specific areas of coverage on their particular policy, as many policies will NOT provide provisions for all of these potential sources of damage.

Commercial – commercial first party property insurance is designed to offer business financial coverage in the event of an event occurring that may require the repair or replacement of property or if the daily operation of the business is prevented or hampered in any way .

Some of these events include (but are not limited to):

• Business interruption
• Fire
• Professional liability
• Automotive (car / truck / motorcycle)
• Directors and officers liability

…. Amongst many others.

An important point worth considering is the cost of these policies, which can vary greatly from region to region. The reason for this is largely due to certain locations being more-prone to environmental or commercial damage which the insurance companies generally factor into their final policy pricing.

Need Help? Contact Our Joplin First Property Insurance Policy Attorneys Today

At the law offices of the Arguello Law Firm, we understand the tactics that insurance companies often use on innocent policy holders that are making a legitimate claim on their policy.

We have won MILLIONS in successful verdicts and settlements for our clients, our entire team are dedicated to defending for rights on individuals – not large firms and corporations – and will fight for your MAXIMUM insurance compensation claim.

With our office located in Joplin MO, we proudly provide cost-effective, comprehensive legal counsel to insurance claim victims in:

• Joplin
• Webb City
• Carthage
• Neosho
• Republic

…. And most other cities and towns that surround those areas.

If you or someone you love has had their insurance claim denied or short-paid, contact us today at 1-800-25-STORM (1-800-257-8676). We can provide the experience and determination that is often needed when fighting against insurance companies and their subsidiaries.

Alternatively, simply fill out and send the “Free Case Evaluation” form located at the top of this page. It’s strictly confidential and 100% FREE to send.