The basic reasons for the denial include not paying premiums on time, not filing a claim on time, and not documenting the damages claimed. All of these are legitimate reasons to deny a claim and they don't leave much ground to fight the denial. While wind damage and wind-induced rain are covered by a standard housing policy, many charge separate wind deductibles, which means higher out-of-pocket costs for you. Deductibles are generally based on a percentage (approximately 5% to 10%) of your coverage and not on a fixed dollar amount.
Skipping to pay a premium can cause an insurance policy to expire. Wait for a payment up to the amount of your policy limit. While an insurance adjuster can sometimes find a legitimate reason to deny your claim or pay less than you should, other times they do so in bad faith to get the policyholder to accept an amount much lower than the value of your claim. In some cases, insurers have been found to go even further and cross the line and commit blatant fraud by misrepresenting what is insured and what is not insured under a policy.
The application of the many terms, conditions, and exclusions can be difficult to understand. It's not uncommon for insurance professionals to improperly deny claims based on the improper application of policy exclusions. If your insurance company paid less or denied your claim, or if you are in the process of filing a claim, our Florida hurricane damage attorneys can negotiate a full payment, sometimes beyond what is listed on your policy. We'll review the details of your policy to help you determine what your policy covers.
Insurance companies deny claims for hurricane damage, including damage from storms, winds, or roofs, for a variety of reasons. The logic behind the denial could include everything from an incorrectly filed claim to non-payment of premiums, lack of evidence, gaps in coverage, or failure to take steps to prevent further harm. In more serious cases, insurance companies engage in bad faith practices. Time and again, some insurance companies seem to unfairly deny claims and underestimate property damage caused by hurricanes.
Others appear to be deliberately trying to delay the processing of claims, sometimes requiring multiple submission of the same documentation or taking a long time to contact and follow up with claimants. Insurance companies will argue that you don't have enough coverage. Your policy is not guaranteed to include certain types of damages, and the policy will be the subject of intense debate. Many policies, for example, don't cover floods caused by a storm surge.
When insuring your home, it's important to consider the level of coverage. Many people make the mistake of underinsuring their home, so when they suffer serious hurricane damage, the insurance policy doesn't have a sufficient coverage limit to cover all of the damage. This is often a reason for an insurance company to deny a landlord's claim. Insurance companies will only pay the amount specified in the insurance policy and will let the owner pay the difference when the damage exceeds the limit.
The insurance adjuster may recognize that the damage to your property was the result of the hurricane, but they could also say that it worsened because you didn't take steps to protect your property before or after the storm. If your insurance company is delaying with your property damage claim, you should talk to an attorney with experience in insurance claims as soon as possible. Last May, the South Florida Sun Sentinel reported a sharp increase in lawsuits against insurers due to Hurricane Irma. A hurricane can wreak havoc on your sewer system and cause significant damage to pipes and drainage systems.
Insurance adjusters are under enormous pressure to minimize their payments after a major storm, but that's no excuse to mistreat policyholders. As a result of this season, Floridians are also experiencing the destructive power of hurricanes that hit the warm waters of the Caribbean. In 45 US states. UU.
(including Florida), insurance policies have a (very hidden) clause that allows them to deny claims if two catastrophic events occurred simultaneously and one of those events was not covered. Hurricane damage can cause massive damage to a person's property and significantly strain their finances. Confident but down-to-earth, they are the attorneys you'll want on your side when fighting insurance companies and corporations. There are some things that are not normally covered by a hurricane damage insurance policy in Florida.
Florida homeowners should know their rights when filing an insurance claim for damage caused by a hurricane. Bad faith insurance claims are difficult issues to litigate and require thorough preparation and investigation. This often leads claims adjusters to play hard with their policyholders and to look for any possible reason to pay much less than they should or to deny the claim entirely. While disputes between claimants and insurance companies regarding the financial value of a claim are common, insurance companies can commit bad faith by making minimal settlement offers.
In addition to undervaluing damage and increasing deductibles, insurance companies may not consider the actual cost of repairing and replacing damage or the current reality of demand for labor and supplies in areas affected by the storm.
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