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 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…
