Has your homeowner’s insurance claim recently been denied? Here are common reasons that claims get denied, and what you can do to fight back.
Common Reasons for Denied Claims
Deductible not met
If damage occurs and the repair or replacement is less than your deductible, you cannot file for compensation from your insurance company.
Missed filing deadline
You must file within a set timeline, or your claim can be denied. Insurance companies require prompt notification once damages have occurred, so it’s important to file the claim as soon as possible.
Did you miss your last payment? If an accident or damage occurred when your premium went unpaid, you may have missed out on coverage for the incident.…
Homeowners’ insurance is often required by the lender, but what if something really does happen to harm your home? How do you know when to file a claim?
In this post, we’ll go over the top reasons why Florida homeowners file insurance claims – and how a skilled insurance claim lawyer can help.
Many Floridians file claims each year due to theft. It’s wise to install a home security system, keep doors and windows locked, refrain from hiding spare keys outdoors, and having a neighbor or friend check your home while you’re away.
Wind and Storm Damage
Florida has its share of strong winds, especially during hurricane season.…
If your insurance claim was denied for no apparent reason, bad faith insurance may have caught you in its trap.
Florida law offers some protection from bad faith insurance, so if you have fallen victim, speak with a qualified attorney to learn what options are available to you. Unfortunately, many people never even realize that their insurers are acting improperly and end up suffering at their hands.
Because of this, below we’re going to define bad faith insurance and detail several things insurers do that may constitute bad faith practices.
A Definition of Bad Faith Insurance
When an insurance company fails to provide benefits to an insured individual who holds a valid policy, they may be acting in 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.…
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.…
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.…
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.…
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.…
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.…
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.…Read more