Michigan Insurance Claims – Public Adjusters and Loss Consultants

Answering the question of why mortgagees appear on any structure payments issued to policyholders on insurance claims in Michigan.  Most homeowner and buisness structure policies protect the mortgagee in what is known as the mortgage clause.  The mortgagee also includes trustee or loss payee.  If the mortgagee is named in the policy, then any the mortgagees interest would be protected and their name would appear on any instruments of payment by the insurance company.  There is also language written in most policies that will pay mortgagee’s an interest even when a claim is denied.  I would advise any policyholder to read the mortgage clause section of their policy verify those specific conditions and terms.

Tags: Insurance Claims in Michigan

The damage created by the tornado in Dundee this past week was unimaginable .  We spent several days consulting with city officials and tornado victims on how to file proper claims.  Several homeowners requested claim help.  Our company is doing as much as we can for all the victims involved.  I will update more on this subject on future postings.

Tags: Claim Help, dundee, victims

There have been a lot of questions on what insurance companies cover and policy limitations on flooded basement.  Several calls have been recieved from the Grand Rapids, Saginaw, Bay City areas in regards to water damge in their basements.  Most home insurance policies have endorsements that limit the amount of recovery due to water backup.  When the damage occurs from a broken pipe, the actual dwelling limit on the policy is in full affect.  You should always contact your agent to be aware of the policy language and limitations on your policy.

Tags: basement, Flooded, Grand Rapids, questions, Saginaw