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- National Electrical Manufacturers Association's "Guidelines for Handling Water-Damaged Electrical Equipment".
- Replacement Cost Value v. Actual Cash Value
- Bad Faith Insurance Claims | Houston Bad Faith Insurance Claims Attorney
- Claim Denied - Tricks of the Trade - How Insurance Companies Deny, Delay, Confuse & Refuse
- Property/Casualty Insurance 2008: Overpriced Insurance And Underpaid Claims Result In Unjustified Profits, Padded Reserves, And Excess Capitalization
Houston Car Accident News | Houston Insurance Claim News | Houston Business Litigation News
Homeowners Can Recover General Contractor's Overhead and Profit
Posted on Aug 25, 2010
NOLA.com is reporting on the insurance settlement reached in the Stephanie Press v. Louisiana Citizens Fair Plain Insurance Corp. case. In that case, the parties agreed that a Louisian homeowner can recover overhead and profit (typically 20% of total repair costs) when acting as their own general contractor. To act as your own general contractor, the homeowner must hire three separate trades, such as electrician, roofer and drywall installer. This acknowledgement is a victory for policyholders.
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