Bob D’Amore among recipients of Governor’s plaque

May 4, 2015 by  
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Bob D’Amore, president of the New York Public Adjusters Association, Ron Papa, past president, and Jonathan Wilkofsky, general counsel, were each recently honored with a plaque in recognition of their assistance in establishing a new law.  This law broadens the rights of consumers expanding the appraisal provision found in all property policies.  Governor Cuomo and Secretary Mulrow signed the plaques.  Each also contained a pen used by the Governor to sign the law. Prior to this law, only the value of a loss was appraisable.  Consumers can now be assured that not only can they demand a non-litigating solution to an unresolved difference in the value of their claim but also the extent of damage.

See also Court Ruling Affirms That Scope Of Loss Is Appraisable

For more information on the appraisal process, see Alternate Resolution.

 

NY Standard Fire Policy (165 lines)

June 5, 2012 by  
Filed under Website

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Although no company issues a NY Standard Fire Policy alone, NY law requires that all policies covering property for the peril of fire damage meet the minimum standards of the 165 Line Standard Policy.  If your company is licensed to write business in NY, they are required to follow this rule.  However, unlicensed companies (such as Lloyds of London) are not required to meet this standard.

You can view the Standard Policy here: NY Standard Fire Policy