If you have had to file a homeowners insurance claim to replace damaged, stolen, or destroyed personal property you were probably surprised to learn that you may not be paid the full replacement cost of your items. Many homeowner policies pay out the actual cash value (ACV) of the items and ACV takes depreciation into […]
Louisiana Insurance Commissioner Jim Donelon recently urged all property and casualty insurers in the state to extend the deadline for homeowners to file insurance claims from the historic 2020 storm season. The Commissioner issued Bulletin 2021-02 which urges insurers to give policyholders more time to demonstrate damage to their properties after last year’s record hurricane season. […]