Insurance Policy Terms Everyone Should Know

People who lost property in the Central Texas wildfires may be looking for a way to fight for the compensation they deserve as a policyholder. This is because not all insurers have provided enough payment for their policyholders or have failed to provide coverage at all. Despite the serious losses experienced by many in the Bastrop wildfires, some insurers have still opted not to provide coverage.

If your insurer hasn’t paid you according to the terms of your policy, there may be legal options available to get that money. If you plan on taking legal action, the Bastrop fire insurance claim attorneys of Williams Hart want to make sure you understand the following five common insurance policy terms, as it may help you in your case:


In any insurance agreement, the insurance company will outline how they define the objects covered by the policy. If an insurer provides extremely specific definition for certain items, a person may not be able to cite certain pieces of property under the policy.


In some cases, an insurance policy may include certain items that are completely excluded from protection under the policy. A person can’t file for coverage for these excluded items.

Covered Perils

The opposite of exclusions, covered perils are items that are covered under a policy. If these items are lost or damaged by smoke or fire, an insurance provider should pay for these damages.


Over time, an item will lose value. This loss of value is also known as depreciation. Depreciated values can affect how much a person may receive from a fire insurance claim. However, these depreciated values can often run particularly low. As a result, an insurance company may try to pay out very little for an item that is actually worth more than its supposedly depreciated value.

Proof of Loss

Generally, this is paperwork that describes the amount of property lost in a fire or lost to smoke damage. This is considered an official submission for coverage from the policyholder to the policy provider.

Contact Us

If you or someone you love has lost property in the Bastrop fires, our experienced advisors may be able to help with the legal process of getting payment from unwilling insurers. To discuss your options further, contact the Bastrop insurance claim attorneys of Williams Hart at 800-639-8460 today.

Note: Williams Hart's primary office is 8441 Gulf Freeway, Suite 600, Houston, TX 77017-5051. The Leon Law Firm's primary office is One Sugar Creek Center Boulevard, Suite 980, Sugar Land, Texas 77478.

Williams Hart and The Leon Law Firm are taking joint responsibility for potential cases as co-counsel.

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Williams Hart - 8441 Gulf Freeway, Suite 600, Houston, TX 77017-5051 | The Leon Law Firm - One Sugar Creek Center Boulevard, Suite 980, Sugar Land, Texas 77478
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