Insurance companies are in the business of making a profit, and that means they are more concerned with their bottom line than getting you the compensation you deserve for your home repairs after damage or a loss. They are notorious for limiting or denying valid claims.
Here Are the Most Common Excuses You May Hear From Your Insurance Company
Policy Exclusions and Limits
It is important to understand the limits and parameters of your homeowners or commercial insurance policy before filing a claim. Your policy may exclude certain types of damage or events.
A homeowners’ insurance policy has several exclusions. Exclusions describe things not covered by the policy, and often are printed deep within an insurance contract. The company may claim the damage you suffered is due to a cause that falls outside the scope of coverage and conclude it therefore can deny policy benefits. An expert insurance attorney can help you navigate a complicated insurance contract to see if your claim should be covered.
Not Filing Your Claim on Time
Your insurance policy will require you to notify them promptly of any loss. If you take too long to file a claim, your chances of being content with your payment go down. Policies typically contain time-sensitive requirements for filing a claim and documenting damage.
Failure to Mitigate
When a covered event such as a storm or fire damages your property, an insurance policy requires you to take steps to mitigate your losses. This means to protect your property from further or subsequent damage. If a storm puts a hole in your roof, for example, you are responsible for patching the roof to prevent water damage. If you fail to mitigate your losses, the insurance company may deny your claim.
Missing a Premium Payment
If you missed a payment or were late on a payment on your premiums, your coverage can lapse. If this happens and then your home is damaged, your insurance company may be able to deny your claim.
Your insurance company requires proof of damage to process and approve your claim. It may not always be clear what kind of evidence it needs to support your claim, but some companies deny a claim even while you are confused as to why. Insurers themselves are supposed to investigate policyholders’ claims, but sometimes the company may be waiting for information from you. Working with an expert insurance claim lawyer will help you establish what the company needs to see and what documentation is required for a claim.
If your claim has been denied and you believe that it is for unjust reasons, it is urgent that you contact a Florida homeowners’ insurance attorney from Williams Law, P.A. to pursue the compensation you deserve. Our expert insurance claim attorneys have helped thousands of clients sue their insurance providers for their unethical behavior, and we are confident in our ability to improve your chances of securing a fair settlement.
Has Your Home Insurance Company Denied or Undervalued Your Property Damage Claim in Florida?
If your insurance company is dragging its feet regarding your property damage claim you should speak with an experienced insurance claim lawyer as soon as possible. Please contact us online or call our Florida law office directly at 800.451.6786 to schedule your free consultation. We help Florida residents just like you fight the big insurance companies who fail to abide by their own policies. Remember, we work on a contingent basis, meaning you don't pay us anything until we win your case.