ADVERTISEMENT
  • About
  • Contact
  • Testimonials
  • Demographics & Advertising Rates
Sunday, January 17, 2021
Search
    Generic filters
    California Business Journal
    69 °f
    Los Angeles
    69 ° Mon
    59 ° Tue
    65 ° Wed
    63 ° Thu
    57 ° Fri
    54 ° Sat
    • Front Page
    • Business
      • Insurance
      • Real Estate
    • Finance
      Nicholas Yrizarry

      In Perfect Alignment

      Invest-in-Your-Childs-Future

      Start Investing Now For Your Child’s Future

      IMG 8554 - From a “Wish List” to a “Reality List”

      From a “Wish List” to a “Reality List”

      ScamKeyboard

      5 All Too Common Investment Scams (and How to Avoid Them)

    • People
    • Featured
      Silicon V Real Instituto

      The Entrepreneurs ‘Angell’

      West Gary, MinTech’s Chief Technical Officer2

      Dust Buster

      Flags-of-the-world

      The Impact of Covid: Racing to Buy Second Citizenships

      Photonic Chip

      The First Photonic Chip Has Arrived. What Does That Mean For Augmented Reality?

      Supreme Court Sports Betting

      California’s Bid for 2022 Sports Betting Legislation

    • Technology
      West Gary, MinTech’s Chief Technical Officer2

      Dust Buster

      Plaxonic Technologies Innovate

      Plaxonic Technologies: Leading Innovation

      tech devises of the future - Latest Devices to Make Our Lives Easier

      Latest Devices to Make Our Lives Easier

      hands of business people typing on a keyboard - Should You Start An Online Business: 4 Things To Consider First

      Should You Start An Online Business: 4 Things To Consider First

    • Law
      law books

      Career paths available with a law degree

      background-check

      How Do Background Check Sites Find Your Information?

      hurricane

      Weathering the Storm

      tower-bridge-london-england

      How to apply from the USA to one of the most famous law universities in the UK

    • News
      AB3088

      California COVID-19 Rent Relief Policies Economically Unsustainable

      american-flag

      Dreamers Won Full Restoration of DACA…What Now?

      Airplane Landing

      London Heathrow one step closer to controversial third runway

      Payment Gateway Online Payment Services

      California Mutual Partners with Invoice Cloud to Improve Insurer’s Efficiency and Simplify Process for Policyholders

    • Human Interest
      • Food
      • Art & Culture
    • Education
      Monetize student blog

      When to Monetize Your Student Blog & How to Do It?

      Office Equipment

      4 Pieces of Office Equipment that Will Make Life Easier

      San Diego skyline

      Insider Corner: David Ebrahimzadeh Discusses The 10 Best California Towns to Invest In

      Dan Lok

      Startup Central: Dan Lok’s ‘Take’ on How to Get Your Startup Off the Ground

    • Health & Fitness
      Eesha Patel feature

      Multi-Dimensional Reality

      166521182

      One Hour Each Morning for the Remaining 23

      The Surprising Link Between Gut Health and Mental Health - The Surprising Link between Gut Health and Mental Health

      The Surprising Link between Gut Health and Mental Health

      87 CBN vs CBD How Are the Benefits Different - Commonly Asked Questions About CBD Oil in the USA

      Commonly Asked Questions About CBD Oil in the USA

    California Business Journal
    • Front Page
    • Business
      • Insurance
      • Real Estate
    • Finance
      Nicholas Yrizarry

      In Perfect Alignment

      Invest-in-Your-Childs-Future

      Start Investing Now For Your Child’s Future

      IMG 8554 - From a “Wish List” to a “Reality List”

      From a “Wish List” to a “Reality List”

      ScamKeyboard

      5 All Too Common Investment Scams (and How to Avoid Them)

    • People
    • Featured
      Silicon V Real Instituto

      The Entrepreneurs ‘Angell’

      West Gary, MinTech’s Chief Technical Officer2

      Dust Buster

      Flags-of-the-world

      The Impact of Covid: Racing to Buy Second Citizenships

      Photonic Chip

      The First Photonic Chip Has Arrived. What Does That Mean For Augmented Reality?

      Supreme Court Sports Betting

      California’s Bid for 2022 Sports Betting Legislation

    • Technology
      West Gary, MinTech’s Chief Technical Officer2

      Dust Buster

      Plaxonic Technologies Innovate

      Plaxonic Technologies: Leading Innovation

      tech devises of the future - Latest Devices to Make Our Lives Easier

      Latest Devices to Make Our Lives Easier

      hands of business people typing on a keyboard - Should You Start An Online Business: 4 Things To Consider First

      Should You Start An Online Business: 4 Things To Consider First

    • Law
      law books

      Career paths available with a law degree

      background-check

      How Do Background Check Sites Find Your Information?

      hurricane

      Weathering the Storm

      tower-bridge-london-england

      How to apply from the USA to one of the most famous law universities in the UK

    • News
      AB3088

      California COVID-19 Rent Relief Policies Economically Unsustainable

      american-flag

      Dreamers Won Full Restoration of DACA…What Now?

      Airplane Landing

      London Heathrow one step closer to controversial third runway

      Payment Gateway Online Payment Services

      California Mutual Partners with Invoice Cloud to Improve Insurer’s Efficiency and Simplify Process for Policyholders

    • Human Interest
      • Food
      • Art & Culture
    • Education
      Monetize student blog

      When to Monetize Your Student Blog & How to Do It?

      Office Equipment

      4 Pieces of Office Equipment that Will Make Life Easier

      San Diego skyline

      Insider Corner: David Ebrahimzadeh Discusses The 10 Best California Towns to Invest In

      Dan Lok

      Startup Central: Dan Lok’s ‘Take’ on How to Get Your Startup Off the Ground

    • Health & Fitness
      Eesha Patel feature

      Multi-Dimensional Reality

      166521182

      One Hour Each Morning for the Remaining 23

      The Surprising Link Between Gut Health and Mental Health - The Surprising Link between Gut Health and Mental Health

      The Surprising Link between Gut Health and Mental Health

      87 CBN vs CBD How Are the Benefits Different - Commonly Asked Questions About CBD Oil in the USA

      Commonly Asked Questions About CBD Oil in the USA

    Search
      Generic filters
      California Business Journal

      Weathering the Storm

      Not all hurricane policies are created equal. Saxe Doernberger & Vita, P.C. published a handbook on it so individuals will be ready when a catastrophic storm hits.

      by Victoria Kertz, Staff Writer, California Business Journal
      A A
      hurricane
      Share on FacebookShare on Twitter

      In 2020, the annual weather event known as hurricane season delivered 30 “named storms” between June and November, 13 of which were hurricanes. According to the National Oceanic and Atmospheric Administration, that’s more than twice the number of hurricanes an average season endures and yet another stressor on the American Southeast during the coronavirus pandemic.

      It was a long season as storms developed in the Atlantic before hurricane season technically started in June and lingered throughout the month of November when hurricane season traditionally ends.

      Meteorologists even predicted the bombardment of hurricanes. As a result, Saxe Doernberger & Vita, P.C., a Connecticut-based law firm that represents policyholders in insurance coverage disputes, created a Natural Disaster Recovery Practice Group, becoming one of the few national firms that have a practice area focused solely on hurricanes.

      The group has helped everyone from homeowners to small businesses to multinational companies navigate insurance issues when introducing its free online resource called “The Hurricane Season Policyholder’s Handbook.” A property owner may think any and all hurricane-caused damage is covered under what policy they have, but the fine print of that policy may say otherwise.

      Hurricane Handbook PromoOf course, insurance policies aren’t exactly light reading, and each policy from the dozens of companies that offer hurricane coverage differs in what is offered and when. It’s confusing, frustrating, and while it may not seem fair, it’s the responsibility of the property owner to know what he’s signing up for.

      “We saw that property owners were experiencing the same problems over and over again,” says SDV West Coast Managing Partner Jeremiah Welch, prompting the firm to write the hurricane document. “We wanted to give people a high-level look at things that matter ahead of time.”

      SDV publishes articles and other content via its website, social media, and partnerships with brokerages, but this type of specific handbook is a first for the firm. Welch says 85 percent of the firm’s clients are commercial property owners and no matter how big they are, taking an insurance company to court is expensive for everyone.

      In many cases, “many sole proprietors and small business owners have exposure in multiple states,” Welch says. “If it’s not handled the right way, it can be devastating.”

      For instance, lawsuits that go to trial are likely to cost more than the amount a business is trying to have covered by the company in the first place. The whole process can be incredibly disheartening to property owners, and since insurance is a state-regulated issue, protections can vary depending on location. Some states don’t even require hurricane-specific insurance, but many commercial agreements do.

      ADVERTISEMENT

      While hurricane damage does fall under most homeowner’s insurance policies, the majority of clients dispute the amount that insurers end up covering them for. After a homeowner receives notice from the insurer, Welch’s team hears the same question from clients: “Am I stuck with what they’re saying?”

      Some companies will only offer coverage for “named storms,” as opposed to just severe rainstorms. This year, meteorologists ran out of letters in the alphabet and resorted to using the Greek alphabet, something they hadn’t done since 2005. Even if the damage-causing storm is named, it’s critical to confirm whether your policy covers damage caused by wind, water, or both.

      “You have to read the policy,” Welch says, or have a conversation with your broker to explain it to you. He advises people to buy insurance from a trusted source with an actual broker or a dedicated agent for questions, issues, and claims.

      Related

      Monetize student blog

      When to Monetize Your Student Blog & How to Do It?

      January 16, 2021
      dna-double-helix-chemical-formulas-computer-generated-d-rendering-medical-research-background-rotation-184787276

      Who is part combination scientist, inventor, anthropologist, explorer, designer, engineer, architect, reporter, journalist, museum curator, travel guide, therapist, teacher, trainer and athletic coach.

      January 14, 2021
      Load More
      Jeremiah Welch, managing partner of Saxe Doernberger & Vita
      SDV West Coast Managing Partner Jeremiah Welch

      Every state is different. If you have property in Florida, you need someone familiar with what’s going on in Florida. If you buy insurance over the internet, “it’s hard to know what you don’t know.”

      Another issue that both Welch and the handbook recommend regarding clarifying coverage is what most buildings have in them already: mold.

      “From the insurance company’s point of view, mold is a wild-card; most homeowners policies don’t cover it because most properties have it in some form or another.”

      But if a hurricane causes extreme water damage and mold is created, as a result, will your policy cover it? Or any kind of water damage? The property owner must know for certain, he says.

      Welch offers the following advice for property owners preparing for the 2021 season:

      1. Know how your policy covers various types of water-related damage, including storms and flooding. Does the deductible change depending on the cause of the damage?
      2. If you think you’re not getting the coverage you paid for, talk to someone who knows. “Go find someone that you can talk to and find out if you are being treated fairly. There are so many resources. Policyholders often don’t realize that they’re leaving money on the table.”
      3. There will almost certainly be an uptick in insurance pricing for the coming year. And as for what Mother Nature has in store? NOAA releases its hurricane season forecast in May.

      The handbook is available now on SDV’s website, at www.sdvlaw.com, under the Natural Disasters page, and can also be found on the firm’s LinkedIn and Facebook pages @SDVLaw.

      Copyright © 2020 California Business Journal. All Rights Reserved.

      This article was edited and published by Rick Weinberg, California Business Journal’s Founder and Editor-in-Chief. Click here for Rick Weinberg’s biography.

      TO READ THE MAGAZINE VERSION OF THIS ARTICLE, click here.

      For testimonials on the impact of California Business Journal articles, click here.

      s1

      s2

       

      Tags: agentAmericanbrokerCaliforniacommercialCoronaviruscoronavirus pandemicGroupinsurancelawlaw firmlawsuitsLinkedInnaturalpropertiessmall businesssmall business ownersSocial Media

      Get real time update about this post categories directly on your device, subscribe now.

      Unsubscribe
      ADVERTISEMENT
      Previous Post

      California Mutual Partners with Invoice Cloud to Improve Insurer’s Efficiency and Simplify Process for Policyholders

      Next Post

      Personalized Gift Ideas for Family

      Victoria Kertz, Staff Writer, California Business Journal

      Victoria Kertz, Staff Writer, California Business Journal

      WHAT TO READ NEXT

      Importance of Travel Insurance
      Insurance

      A Practical Guide to Understating Travel Insurance Policies

      December 28, 2020
      law books
      Education

      Career paths available with a law degree

      December 17, 2020
      background-check
      Education

      How Do Background Check Sites Find Your Information?

      December 17, 2020
      tower-bridge-london-england
      Education

      How to apply from the USA to one of the most famous law universities in the UK

      December 10, 2020
      Wooden justice gavel and block with brass
      Education

      Business Lawyers: Why Every Business Needs To Have An Expert On Board

      November 26, 2020
      Symbol of law and justice in the empty courtroom, law and justice concept.
      Law

      Legal Profile: Allen Barron Inc.

      November 21, 2020
      Next Post
      gift

      Personalized Gift Ideas for Family

      Follow Us

      ADVERTISEMENT

      Categories

      • Art & Culture
      • Business
      • Editor's Choice
      • Education
      • Featured
      • Finance
      • Food & Dining
      • Health & Fitness
      • Human Interest
      • Insurance
      • Law
      • Marketing
      • Medical
      • News
      • People
      • Popular
      • Real Estate
      • Social Media
      • Technology
      • Uncategorized

      CBJ Partner Firebrand Media

      Laguna Beach Independent Newspaper

      Laguna Beach Magazine

      Laguna Beach City Guide

      On The Menu Laguna Beach

      Newport Beach Independent Newspaper

      Newport Beach Magazine

      Newport Beach Country Club Magazine

      Coastal Real Estate Guide (NB,LB, CDM)

      Montage Magazine

      Monarch Beach Resort Magazine

      Pacific Coast Magazine (SoCal)

      Omni Escapes Hotel Magazine

      Sea Island Life Magazine

      Salamander Hotel & Resorts Magazine

      Bespoke Concierge New York

      Evans Hotels

      View our entire portfolio here

      ADVERTISEMENT
      ADVERTISEMENT
      Facebook Twitter LinkedIn LinkedIn Instagram
      C B J   LOGO  SVG-01
      • About
      • Contact
      • Testimonials
      • Demographics & Advertising Rates

      Newsletter

      Top Stories

      • Judge gavel, scales of justice and law books in court

        Lawsuit Basics: How Much Does It Cost to Sue Someone?

        0 shares
        Share 0 Tweet 0
      • REPORT: TECH GIANT CISCO ABOUT TO LAY OFF 14,000

        0 shares
        Share 0 Tweet 0
      • The DealMaker

        0 shares
        Share 0 Tweet 0

      Latest Articles

      Monetize student blog

      When to Monetize Your Student Blog & How to Do It?

      January 16, 2021
      Office Equipment

      4 Pieces of Office Equipment that Will Make Life Easier

      January 15, 2021
      dna-double-helix-chemical-formulas-computer-generated-d-rendering-medical-research-background-rotation-184787276

      Who is part combination scientist, inventor, anthropologist, explorer, designer, engineer, architect, reporter, journalist, museum curator, travel guide, therapist, teacher, trainer and athletic coach.

      January 14, 2021

      California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
      ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
      Site Design by 1REALTOUR

      Search
        Generic filters
        • Front Page
        • Business
          • Insurance
          • Real Estate
        • Finance
        • People
        • Featured
        • Technology
        • Law
        • News
        • Human Interest
          • Food
          • Art & Culture
        • Education
        • Health & Fitness

        California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
        ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
        Site Design by 1REALTOUR

        Do NOT follow this link or you will be banned from the site!