Phil's First Party Parlay - Cast Iron Pipes with Jeffrey Gionet

TL;DR

Insurance Restoration Group lawyers discuss challenges and solutions in the insurance restoration industry.

Transcript

• And we are broadcasting live (laughs). Welcome to Phil's First Party Parlay, where we talk all things timely and topical in the insurance restoration industry. I'm Phil Sanov, trial lawyer with Morgan & Morgan's Insurance Recovery Group. In Morgan and Morgan's Insurance Recovery Group, I have got 55 of the most awesome attorney colleagues you wou... Read More

Key Insights

• 😤 The Morgan & Morgan Insurance Recovery Group has a team of attorneys specialized in handling insurance restoration cases.
• 🍗 Policyholders should be aware of the coverage provisions in their policies, as insurance companies often try to twist the language to avoid paying.
• 😂 Damage caused by wear and tear and constant and repeated seepage are common defenses used by insurance companies to deny coverage.

Questions & Answers

Q: What are some common challenges in the insurance restoration industry?

Some challenges include identifying cast iron pipe losses, understanding policy coverage and proceeds, and dealing with insurance companies trying to avoid paying.

Q: How can policyholders identify a cast iron pipe loss?

Policyholders should look out for slow drainage, backups, overflows, and foul odors as indications of a failing cast iron plumbing system.

Q: What type of coverage and proceeds are policyholders entitled to?

Policyholders are entitled to coverage for accessing and tearing out the failed cast iron plumbing system, which includes repair and replacement costs.

Q: How do insurance companies try to deny coverage for cast iron pipe claims?

Insurance companies commonly claim that the cast iron plumbing system isn't covered or that the damage was caused by wear and tear. They may also argue that the constant and repeated seepage exclusion applies.

Summary & Key Takeaways

• Phil Sanov and Jeff Gionet, lawyers from Morgan & Morgan's Insurance Recovery Group, discuss the challenges faced in the insurance restoration industry.

• They highlight the importance of identifying cast iron pipe losses and the coverage and proceeds available to policyholders under their insurance policies.

• The lawyers also discuss how insurance companies often try to avoid paying clients, using defenses such as wear and tear and constant and repeated seepage.