Scrap or salvage: deciding whether to repair or replace after a disaster part I: roofing, frame, and foundation
Posted: December 16, 2019
Homeowners face a long list of difficult decisions following a significant property loss. As a result, property owners must lean on experts such as property insurers, contractors, salvage experts, and others to assist in the response and recovery process. One of the most important decisions revolves around whether to repair or replace the major components of a home. Below is the first post in a...
What policyholders need to know about short-term leases
Posted: October 30, 2019
Absolutely nothing about moving out of your home while it undergoes repairs is easy or pleasant. Aside from the stress that the catastrophic damage inflicts when it happens, moving out of your home and completely displacing your family is never a straightforward process. But unfortunately, situations arise where it’s necessary to submit a property insurance claim for substantial home damage. When that happens, you’ll need...
Getting the details right at move out
Posted: October 1, 2019
Your policyholders have been living in temporary housing for a few months while contractors make repairs on their home. It’s been a trying time for them because property loss is always stressful. A policyholder’s last impression of the claims process is being formed when they’re moving out of Sedgwick’s temporary housing division and back into their refurbished home. Handling the move-out process can be tricky...
Temporary housing trends in 2019
Posted: September 12, 2019
In recent years, there’s been widespread real estate anxiety as the cost of living in cities across the United States has steadily increased. In fact, in 2018, there was a 2.8% increase in the cost of living, the highest jump we’ve seen since 2011. While the cost of living is calculated by a wide variety of variables, it heavily relies on housing costs, and the price...