FAQ

It is important to review your property insurance policy periodically, even before an event occurs. You may not be covered for every situation. For example, some policies cover natural disasters and some exclude them. Policies are difficult to understand as they have many complicated clauses and exclusions. At Liberis Law Firm, PA, our attorneys analyze your policy and make sure that you have appropriate coverage for your situation.

This is a critical question for any business. There are many forms to choose from, including sole proprietorships, partnerships, limited liability partnerships (LLPs), joint ventures, limited liability companies (LLCs) and corporations. Each type of entity has a different set of rules regarding taxation, owner liability, distribution of profits, asset protection, documentation and more. At Liberis Law Firm, PA, our attorneys are experienced in business formation. We review these possibilities with you and recommend the best entity for your business.

When a real estate developer builds units that have common areas combined with individual property rights, a homeowners' association is formed to manage the property. The association can be formed as a not-for-profit corporation or an unincorporated association. The developer may have a role in forming the association. Sometimes the developer can be responsible for claims that arise by the association such as construction defects and other breaches. The homeowners' association is created by and operates under legal documents called the declaration, articles of association and bylaws. Liberis Law Firm, PA creates these documents and represents parties in legal disputes.

Most real estate has passed through several previous owners. Title insurance protects the new owner from past defects in the title when the property was transferred from one owner to the next. Sometimes these defects arise many years after you own the property. They can arise due to forgery, mistakes recording the deed, missing heirs who appear with a claim, lien or other problems that could have occurred during the chain of title. If you finance the purchase of the property with a mortgage, the lender will require you to purchase title insurance to protect the lender from loss. In addition, the property purchaser should purchase an owner's policy to protect themselves from title defects.

You should bring all documents and records that will help your attorney understand the history and goals of your legal question. Some helpful items include:

• Formation documents

• Business plan

• Organizational chart

• Meeting minutes and records

• Contracts

• Vendor list

• Tax records and current year's tax return

• Financial statements including balance sheets and income statements

Immediately call your business law attorneys and let them handle the matter for you. Do not answer any questions about the lawsuit. At Liberis Law Firm, PA, we help you investigate the matter, formulate a defense and assess liability. We help you to notify your insurance company about the claim. Finally, our attorneys research the matter and recommend settling or litigating, taking all the facts and circumstances into consideration.

If you have a legitimate claim that the insurance company has refused to pay, you should take action against the insurance company through an attorney. At Liberis Law Firm, PA, we file a lawsuit against the insurance company to force them to pay. We also sue to recover your court costs and attorneys fees. Insurance policies are legal contracts that can be enforced when the insurance company is not acting in good faith and unreasonably denies your claim.