“My goodness! I was only involved in a minor fender-bender! Why does my neck still hurt so badly?” If you have said this to yourself or others recently, you have probably experienced whiplash.
Traumatic brain injury (TBI) is a serious public health problem in the United States. Each year, traumatic brain injuries contribute to a substantial number of deaths and cases of permanent disability. In 2010 2.5 million TBIs occurred either as an isolated injury or along with other injuries.
So your worst nightmare comes true – your biggest investment is damaged due to an event that you have no control over. You look to your insurance policy, but rather than finding answers, you find forty pages of fine print. The reality is that most policyholders have never read their insurance policy. It is important to understand exactly what you are required to do to protect yourself and your family from further losses.
Buried in a standard homeowners insurance policy is a section that for the last hundred years was rarely used and even less frequently interpreted by Texas Courts. The section I am referring to is the “appraisal clause.”