PIAC Blog

The First Step for Commercial Property Owners

   One of the first steps to making sure an insurance claim is resolved as soon as possible starts before you even file the insurance claim. Reviewing and understanding the language in your policy is critical to acting as a good self-advocate against the insurance company and it can speed up the claims process [...]

The First Step for Commercial Property Owners2022-01-07T00:47:39+00:00

Do You Need an Insurance Extension?

  Many insurance companies allow one full calendar year to complete a restoration project. While that was previously enough time to finish said projects, due to the COVID-19 pandemic and other issues with the global supply chain, insurance extensions are a lot more common now than they ever have been in recent history.   So what [...]

Do You Need an Insurance Extension?2022-01-07T00:42:25+00:00

The Co-Insurance Rule

   In the insurance industry, Co-insurance is a provision that states an insurance company must pay a percentage of the value of your dwelling. The percentage the insurance company generally covers is 80% and the policyholder covers 20%. It is very important to review your insurance policy and ask your insurance company for details [...]

The Co-Insurance Rule2022-01-07T00:37:17+00:00

The Mistake of not Contacting a Public Adjuster Right Away

   Sometimes, Public Adjusters are contacted by a person who has already started their claims process. Although this is common, it is not exactly ideal. Many policyholders don’t have experience filing an actual insurance claim, therefore they may do or say something that allows the insurance company to place the blame on them or [...]

The Mistake of not Contacting a Public Adjuster Right Away2022-01-07T00:33:52+00:00

Dealing with Water Damage as a Property Manager

Water damage claims are some of the most common insurance claims for property managers. Water damage can occur due to multiple things such as clogged toilets, backed-up tubs, burst pipes, and even external water seeping into your home from the outside.  Many policyholders assume that their insurance company has their best interest in mind and [...]

Dealing with Water Damage as a Property Manager2022-01-07T00:30:12+00:00

Insurance Claims for Vandalism

  Vandalism to rental properties can be a pretty common occurrence as a property manager. Oftentimes, tenants that you assumed would take good care of a house or apartment end up causing significant damage and leaving you to clean up the mess. The first thing that you should do if serious vandalism is found is [...]

Insurance Claims for Vandalism2022-01-07T00:24:31+00:00

Supply Chain Issues

   As with many other sectors, the insurance and restoration business is interwoven with multiple different sectors all across the global economy. Within the past two years, due to the COVID-19 pandemic, the rising cost of building materials, inflation, labor shortages, and delays in the supply chain have become increasingly more common and affect [...]

Supply Chain Issues2022-01-07T00:08:10+00:00

Common Insurance Mistakes for Business Owners

  Owning a business can be one of the most challenging yet rewarding ventures of someone’s career. Running a business or property can be extremely time-consuming. The last thing you want to do is read over insurance policy language and update any necessary changes, but that could be the thing that saves you time, money, [...]

Common Insurance Mistakes for Business Owners2022-01-06T23:59:22+00:00

Top 4 Most Important Things To Do After Discovering Water Damage In Your Home

Discover Water Damage In Your Home, Here's What To Do: Dealing with water damage in your home is an overwhelming and time-consuming task to tackle. Many homeowners do not have experience in plumbing, electricity, structural water damage, or even the process of filing an insurance claim. When all of these issues happen at the same [...]

Top 4 Most Important Things To Do After Discovering Water Damage In Your Home2022-08-11T22:10:37+00:00

Liability Risk for Businesses reopening after Covid19

The COVID-19 pandemic had forced business closures for months causing great losses to businesses all around the world. Economic conditions are getting worse than ever before, forcing governments to make decisions regarding business reopening. Despite the cure for a viral outbreak that has yet to be found, business owners are willing to reopen businesses with [...]

Liability Risk for Businesses reopening after Covid192022-01-06T23:04:40+00:00