Examination Under Oath, property damage, insurance, damage, renters, insurance, lawyer, legal, advice, long island Ask Steven Home Foreclosure, insurance claims, coverage, long island, lawyers, property, damage, NYC,

What happens if you cannot pay your mortgage payment

  What happens if you cannot pay your mortgage payment ? One of the scariest things that many homeowners have to face is the possibility of foreclosure. Facing the prospect of not being able to pay your mortgage, and the possibility of losing your home, can be a discouraging blow for any family to bear. Changes to … Continued

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Why is a mortgage contingency recommended when buying a home?

Thinking back to a time in the early-mid 2000s credit was EASY to obtain, cash was flying around  and it was common for homebuyers to skip mortgage contingencies. The crash of 2008 famously led to a flurry of lawsuits during the economic downturn, when buyers found they could no longer finance apartments they’d signed contracts to … Continued

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Examination Under Oath, property damage, insurance, damage, renters, insurance, lawyer, legal, advice, long island Ask Steven Home Foreclosure, insurance claims, coverage, long island, lawyers, property, damage, NYC,

ASK STEVEN

Q: What is Home foreclosure? A: Home foreclosure is a process by which a lender regains a property which they have financed. Typically, this is because the borrower or homeowner is behind on loan payments and can’t catch up. Unfortunately, this is often due to circumstances beyond a homeowner’s control. When the lender forecloses on … Continued

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property damage, insurance, damage, renters, insurance, lawyer, legal, advice, long islland

THREE YEAR OLD SCREAMS THE NEED FOR PROPERTY INSURANCE

We’re not just lawyers, we’re parents too. We love our kids they are very cute, but they are little vehicles of destruction. When you add four boys to the mix, the odds of sudden and “accidental” catastrophe is virtually guaranteed increasing the need for protection with property insurance! So when my 3-year old, with his big … Continued

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insurance claims, coverage, long island, lawyers, property, damage, NYC,

Wong v. CO

  Following a frozen pipe and significant property damages, the homeowner’s insurance company denied the insured’s claim alleging a failure to maintain heat at the premises. Furthermore, the insurance company further alleged that the premises was not “occupied” at the time of the loss. Utilizing certain ambiguities in the insurance policy, relevant and novel case … Continued

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Zigel v. US Underwriters Insurance

Insurance Company denied a claim arising from burglars entering a commercial property, breaking the walls and stealing copper piping from the walls. The burglars caused significant damage as a result of the breaking of the walls. Insurance company’s denial alleged that the destruction of the walls was the result of theft as such was not … Continued

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