First Party Property

First party property insurance policies are commonly defined as the contract been an individual or business (the insured) and an insurance company (the insurer) providing financial protection for damages that can occur to a residence, commercial property, item of ownership or other piece of personal property (for example, vehicles and boats).

There are many factors that can cause damage to one of your assets and ensuring that your policy adequately covers the financial value of your home, business and/or personal property is of the utmost importance.

Some of the most common sources of property damage include:

  • Fire
  • Electrical (including short-circuit damages)
  • Water
  • Flood
  • Wind (tornado/hurricane)
  • Explosions (gas cylinders)
  • Burglary, Theft/Arson
  • Hail
  • Smoke
  • Earthquakes
  • Sinkholes
  • Lightning
  • Pipe Bursts
  • Ice / Snow / Sleet
  • Accident (car / truck / motorcycle / aircraft / bicycle)
  • Water Heater Failure

…. Amongst many others.

Damage claims amount to billions of dollars every year in the US alone. Depending on your geographical location, some of the above threats to your property have a higher likelihood of occurring than others. Many insureds are not familiar enough with their policy to know what it includes, and many are surprised to learn that their existing coverage may not be enough to protect them from all environmental or situational exposure.  

For example, when you file a property damage claim, an insurance adjuster is assigned to your account and tasked with settling your claim as quickly and for as little money as possible.

The peace of mind insurance coverage offers cannot be minimized and in many instances policy holders are paid less than the actual extent of their damages. In these instances, many individuals feel confused, disheartened and frustrated.

The Tomlinson Law Group is here to help. Our group of first party property attorneys has the insight and legal experience to stand up for your rights and seek the maximum compensation available. We are proud to stand beside our clients every step of the way, keeping you informed of every development in your case. It is our goal to obtain optimal outcomes for our clients and will investigate every available resolution. We stand ready to aid you in all phases of litigation – from lawsuits, to trials, as necessary.

Connect with us today by contacting our office or completing the Contact Us Form.