Tom Hamrick·Mar 7, 2018Texas Wind and Hail Damage Claims: Relevance of Actual Expenses Incurred. A Guide to AppraisalIn determining ACV, actual expenses incurred in making a repair may also be considered in determining the validity of that estimate…
Tom Hamrick·Mar 7, 2018Texas Wind and Hail Damage Claims: Onsite Inspection — Is it Required? A Guide to Appraisal“There is no explicit requirement that the appraisers and umpire inspect the property or read the policy, and many do not.” State Farm…
Tom Hamrick·Mar 7, 2018Texas Wind and Hail Damage Claims: Depreciation of Overhead and Profit. A Guide to Appraisal“GCOP (general contractor overhead and profit) and sales tax are considered ‘replacement costs because they are factored into policy limits…
Tom Hamrick·Mar 7, 2018Texas Wind and Hail Claims: Judicial Appointment Of Umpire. A Guide to AppraisalMost homeowner’s policies contain appraisal language providing for judicial appointment of umpires. However, “selection of an umpire by a…A response icon1A response icon1
Tom Hamrick·Mar 7, 2018Texas Wind and Hail Damage: Does Like Kind and Quality Include More Expensive? A Guide to Appraisal“Mex-Tex’s roofing contractor and its expert at trial both testified that the old and new roofs were comparable. The only evidence to the…
Tom Hamrick·Mar 7, 2018Texas Wind and Hail Damage Claims: Direct Physical Damage: A Guide to Appraisal“The central meaning of [physical injury]as it is used in everyday English — the image it would conjure up in the mind of a person…
Tom Hamrick·Mar 7, 2018Texas Wind and Hail Damage Claims: Must Appraisers Always Consider Causation? A Guide to Appraisal.[Trick Question] “An appraisal clause binds the parties to have the extent or amount of loss determined in a particular way.” State Farm…
Tom Hamrick·Mar 6, 2018Texas Wind and Hail Damage Claims: New Versus Old Hail/Wind Damage. A Guide to Appraisal“An appraisal is for damages caused by a specific occurrence, not every repair a home might need. When asked to assess hail damage…
Tom Hamrick·Mar 6, 2018Texas Wind and Hail Damage Claims: Why You Don’t Have to Use Xactimate. A Guide to Appraisal.“These provisions require that estimates should be reasonable and not necessarily the product of a particular style, system or vendor…
Tom Hamrick·Mar 6, 2018Texas Wind and Hail Damage Claims: Overhead and Profit. A Guide for Appraisers“Overhead and profit . . . is an integral part of many claims and we believe it should be within the appraisers and umpires discretion in…
