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3 Homeowners Insurance Mistakes That Could Cost You a Lot of Money

For many people, a home is the largest investment they will make. When hundreds of thousands of dollars or more are at stake, it’s essential to protect that investment. You can do so by purchasing homeowners insurance.But avoid making costly mistakes with your policy. The team at Mehr, Fairbanks & Peterson Trial Lawyers in Lexington, KY, has extensive experience with insurance cases and shares mistakes to avoid when buying coverage. 3 Homeowners Insurance Mistakes to Avoid
1. Underinsuring Your Home
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3 Tips When Filing a Homeowners Insurance Claim

Fires, floods, and hurricanes are just a few causes of damage that trigger homeowners insurance claims. When insurance companies delay, deny, or attempt to underpay a claim, a homeowner’s next step should be consulting an attorney. Experienced lawyers will guide you through the process and fight to recover the money your insurance company owes you. To help them in this endeavor, there are a few ways you can strengthen your case.
How to Pursue a Successful Claim
1. Understand Your Coverage







To eliminate confusion and inaccurate claims, go over your homeowners insurance policy, verify that it covers your damage, and check the coverage limits. Inspect for any conditions that may exclude coverage, and ask questions of your insurer and attorney about anything you don’t understand. Having the correct information bolsters your claim and helps speed the process. 
2. Create & Keep Documentation of Expenses Take photographs and videos of property damage and loss, and show all repairs that you mak…

3 Ways An Insurance Attorney Can Help Your Homeowner’s Insurance Claim

3 Ways an Insurance Attorney Can Help Your Homeowners Insurance Claim
You purchase homeowners insurance to protect what is frequently your largest investment – your home.  If you have questions about whether your insurance company is treating you fairly on a homeowners insurance claim, an insurance attorney can provide valuable legal assistance. Below are three ways enlisting the help of an insurance attorney can make all the difference in your homeowners insurance claim.
1. You Have An Advocate Homeowner’s insurance is supposed to provide you with a certain level of protection and peace of mind. When insurers violate this trust during a claim – often a distressing period in your life –  it can be a devastating feeling. With an insurance attorney on your side, you are getting the voice and strength of a legal advocate dedicated to getting you the coverage and compensation you deserve. 
2. You Have A Negotiator







Insurance companies are notorious for their questionable negotiating strategi…

4 Facts About Life Insurance You Should Know

For those with children or other dependents, life insurance may provide effective financial protection for their future. After one passes away, the plan may be used to transfer expenses, pay taxes, satisfy debts, or provide income to surviving family members. Today, less than half of Americans have coverage. If you’re interested in choosing a policy, there are a few key facts to know.
A Brief Guide to Life Insurance 
1. You Can Reevaluate or Cancel Your Policy at Any Time Just like with homeowners insurance, your contract should allow you to cancel or refinance your policy at any time, without penalty. If your health improves or you quit smoking, for instance, you should become eligible for a less expensive plan. Likewise, you can alter it in any way you wish. 
2. There Is No Universal Life Insurance Policy Database







Thousands of beneficiaries believe they have policies, but they can’t find them. Typically, this occurs because the insured person never completely explained the paperwork’s…

The National Trial Lawyers Top 100 Trial Lawyers

Austin Mehr of Mehr, Fairbanks & Peterson Trial Lawyers received an invitation on July 17, 2017, to The National Trial Lawyers Top 100 Civil Plaintiff Trial Lawyers. As stated in his invitation: “Membership in The National Trial Lawyers is by invitation only and extended to those attorneys who exemplify superior qualifications, trial results and leadership in their respective state based upon objective and uniformly applied criteria.”  Congratulations, Austin!

https://mehrfairbanks.com/

Kentucky Supreme Court Reaffirms Standard for Insurance Bad Faith

In Hollaway v. Direct General Ins. Co. of Miss., 497 S.W.3d 733 (Ky. 2016), the Kentucky Supreme Court addressed the first substantive insurance bad faith case to come before it in ten years.  In the September 22, 2016, decision, the Court affirmed a summary judgment granted by Fayette Chief Regional Circuit Judge Thomas Clark, who had found an absence of evidence of bad faith on the part of the insurer.  The Court had no trouble agreeing with Judge Clark, who had found that liability for the disputed parking lot fender bender that gave rise to the claim was never reasonably clear.  Without clearly proving liability for the accident, or the injuries stemming from it, the plaintiff could not prevail on a claim of bad faith, which requires that an insurer be obligated to pay under the terms of the policy. There are three key takeaways from Hollaway. Most importantly, the Court rejected the idea that a claimant must prove an “evil motive” on the part of the insurance company.  As practi…