Do You Have Less Insurance Post-Gustav?On August 31, 2008 By Scott Wolfe Jr
In the coming weeks and months, businesses, construction companies and homeowners alike may become frustrated with insurance companies, according to an article and study by the New Orleans Times Picayune. As a result of post-Katrina endorsements and creative policy structuring, some fear that insurance coverage may be more scarce than in 2005.
According to nola.com, insurance policies in the Southeast Louisiana region now systematically include high hurricane deductibles and certain policy exclusions that may make insurance claims more difficult, and insurance disputes more prevalent.
Contractors and property owners in the middle of construction projects will face challenging builders’ risks claims after Gustav, and property owners and businesses will have to hurdle over certain policy requirements before a helpful payout is realistic.
With the new policy limitations and extraordinarily high insurance premiums, it’s going to be more challenging than ever to recover from hurricane damages sustained. The importance of retaining quality counsel to represent you in an insurance dispute, and to prepare your insurance claim is more prevalent than ever.
Post-Katrina, Wolfe Law Group brokered millions in insurance payouts for contractors, businesses and homeowners. Contact Us today to learn more about how we can help you weather the post-Gustav insurance storm.