Member Article

Over the past weekend, a series of tornadoes and severe storms caused significant injuries and property damage across seven states, including Texas. In Garland and Rowlett, northeast of Dallas, wreckage from businesses and homes, trees, power lines, cars and other debris litter the streets for miles. Apart from the personal devastation felt by affected individuals, the economic cost of these storms, measured in lost revenue and replacement expense, may collectively amount to billions of dollars.1 For those unfamiliar with pursuing significant insurance claims, it is important to seek professional advice before having substantive discussions with insurance carriers and adjusters. The terms of individual commercial or residential policies may contain complicated provisions, and coverage may be compromised by a failure to understand or comply with policy terms. In particular, as communities seek to recover from these destructive storms, commercial and residential policyholders should be familiar with the terms of their individual policies and consider the following five tips for maximizing coverage for tornado-related claims...

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