Insurance claims
Property damage, policy coverage, bad faith, and the claims process.
Questions in this topic
What does actual cash value vs replacement cost mean?
The difference between actual cash value and replacement cost, and how depreciation affects a payout.
Can an insurer cancel a policy after a claim?
The difference between cancellation and nonrenewal, and the limits on an insurer's ability to end coverage after a claim.
How does the insurance claims process work?
An overview of how a property or general insurance claim moves from first notice through payment or denial.
How long does an insurer have to pay a claim?
Why insurer payment deadlines are set by each state and how prompt-payment rules differ by jurisdiction.
How do I appeal a denied insurance claim?
The general steps for challenging an insurance claim denial, from internal appeal through regulator complaints.
What is the appraisal process in a property claim?
How the appraisal clause in a property policy resolves disputes over the amount of a loss.
What happens when an insurance claim is denied?
Why insurers deny claims and the general options for responding to a denial.
What is a deductible and how does it apply?
How insurance deductibles work, the common types, and how they reduce a claim payment.
What is an insurance adjuster and what do they do?
Who insurance adjusters are, the different types, and the role they play in evaluating a claim.
What is insurance bad faith?
How the concept of insurance bad faith works and why the standards differ sharply from state to state.
What is a proof of loss?
What a proof of loss is, what it contains, and why property policies often require one.
What is subrogation?
How subrogation lets an insurer recover a paid claim from the party responsible for the loss.