Understand your insurance

August 29, 2007

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Knowing how your insurance protects you and how to manage your coverage is vital.

What does your insurance provide? What does it exclude? What are your limits? Are they enough? How are legal fees handled? Do you have more than one insurance carrier over several years? Do you understand your obligations to your insurance carrier? Do you understand your rights? Is anyone acting as a watchdog to make sure your insurance carrier acts in good faith to protect you?

Often times, when owners, contractors and other vendors make claims against window and door manufacturers, multiple, complex insurance issues overwhelm even the savviest of manufacturers. It is critical to understand clearly your obligations and rights. Having someone watching out for your interests, versus your insurance company’s interests, is imperative to survival before, during and after claims are made against you.

This week's tip contributed by Carson & Coil, P.C..
Contact Charles A. "Chip" Gentry, 573/636-2177 or chip.g@carsoncoil.com.

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