Category: Insurance Claims


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3 Worst Insurance Companies for Bad Faith

 
When you take out an insurance policy with a company, they have a duty to act in good faith and deal fairly with you. To act in good faith, your insurance company must handle your claim promptly, cooperating and communicating with you in a timely manner. Your insurance company should try to find a basis to pay your claim rather than reasons to avoid it, and inform you in writing of specific reasons if it denies your claim. In return you, as the insured party, have a responsibility to pay your premiums on time, submit your claim in a timely and proper manner, and provide all the truthful information that your insurer is entitled to.…

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Category: Insurance Claims

How a Home Inventory Can Help Your Insurance Claim

 
Your homeowner’s and flood insurance is meant to protect you if any of your property or possessions are damaged or lost due to theft, a hurricane, or another natural disaster. Unfortunately, you may discover that your insurance company drags their feet when it comes time to process your claim—or outright denies the claim—if you can’t show them a home inventory.
 
Insurance Journal recently shared the results of a survey from Allstate that found that 90% of homeowners are concerned with protecting their assets, but less than half (41%) have ever documented their valuables. Insurance Journal also found that the people who do document their valuables typically get better results when filing a claim; 80% of insurance professionals say they believe claims are processed as much as twice as quickly when a homeowner has done an inventory.…

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How to Tell If Your Insurer Is Negotiating in Bad Faith

 
In theory, filing an insurance claim should be relatively straightforward: you submit a claim to your insurance company, an adjuster investigates the facts of the accident to determine the amount you’re entitled to under your policy, and the insurer makes the payment. But that’s just in theory. While filing a claim may go smoothly, many insured Floridians discover that their insurance company is reluctant to pay, gives a lowball offer, or denies the claim altogether.
 
If the insurance company denies a legitimate claim in bad faith, it could be liable for much more than the original cost of the claim. If you suspect that your insurer isn’t negotiating in good faith, you should speak with a personal injury lawyer as soon as possible.…

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Category: Insurance Claims

How to Fight Stingy Insurance Companies

 
When it comes to filing insurance claims, it’s hard to know how things will play out, despite the seemingly clear terms of your policy and how valid you believe your claim is. With regards to disability claims in particular, it seems that insurance companies have recently been denying some perfectly valid claims on unfair and sometimes unintelligible grounds.
 
In December, two lawsuits were filed
 
against insurance companies in West Virginia following alleged bad faith practices.  In one case, a man claimed that he was unfairly cut off from receiving disability payments approximately ten years earlier. In the other case, an insurance company was sued on behalf of a student who broke his ankle while playing basketball with a pre-existing injury.…

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Category: Insurance Claims

Winter Comes to Florida, Leads to Increase in Insurance Claims

 
Freezing temperatures, snow, ice. That may be par for the course during winter in northern states, but it’s not something we see too often in the south. This year, however, the severe Winter Storm Leon brought inclement weather to much of the southern region of our country, including Alabama, Georgia, Louisiana, Mississippi, and Florida. That storm is part of the reason insured losses from severe weather are anticipated to be the costliest in decades, and part of the reason why insurance companies may be looking for reasons to delay or deny claims.
 
Insured losses from winter weather have totaled an estimated $1.5 billion so far this season, according to the Insurance Information Institute.…

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Category: Insurance Claims

Winter Storms Lead to Unexpected Business Interruptions

 
It turns out that January’s polar vortex lived up to its ominous-sounding name. While Florida may have gotten off easy, cold weather and extreme conditions in most of the rest of the country prevented people from getting to school or work, increased traffic accidents, stranded motorists, and damaged buildings. As you might imagine, this means that a lot of business owners have filed business interruption claims recently.
 
According to Insurance & Financial Advisor, four separate stretches of winter weather hit the U.S. in January, leading to the snow, ice, freezing rain, sleet, and unbearable wind chill that forced some schools and businesses to close for days or weeks at a time.…

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Category: Insurance Claims

If Fort Lauderdale residents have heard the question from friends and family who live elsewhere in the nation, they have heard it multiple times: What about the storms? It is not an unreasonable question despite the fact that those of us who live in the area may tire of hearing it. The fact is, we know that we live in an area that is susceptible to hurricanes and other tropical storms, which is why the majority of property owners in the area go to great pains to ensure that they have purchased appropriate and adequate insurance. That is why it can be incredibly infuriating when claims are denied after a storm does make landfall in the Fort Lauderdale area.…

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Category: Insurance Claims

Often, following a hurricane, Coral Springs residents have experienced delays or denials of their insurance claims. There can be various reasons why Coral Springs residents encounter such difficulties, so an attorney should be consulted as soon as possible to determine whether the insurance company is simply failing to pay on claims that it should or if other factors could be at play in their refusal to pay what the claims appear to be worth.
 
One reason that Coral Springs insurance claims may denied or the insurance company may offer a settlement that is far lower than what a property owner anticipated is if the insurance inspector determines that the damage to the property was caused by something other than the storm in question.…

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Category: Insurance Claims

Because of our proximity to the ocean, the weather in Pembroke Pines can go from Florida tourism ad sunshiny to Florida stormy in a very brief period of time. Pembroke Pines residents have grown accustomed to the sudden changes that can occur and most take necessary precautions when it comes to storm season from storm windows to adequate insurance policies. However, after it is all said and done, some property owners have difficulty collecting on their legitimate claims following a storm.
 
Unfortunately, following a serious storm, some Pembroke Pines property owners must try to negotiate with insurance companies who act as though they were totally unaware that Florida sits along the coast.…

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