Homeowners Insurance Policies Denying Reimbursement: Who’s Affected?
Was your home damaged by trees, wind damage, or flooding from a natural disaster, but your homeowner’s policy refused to pay for repairs or understated the damage? You may need a lawyer to fight for your maximum claim.
Tornadoes, high wind storms, or prolonged rain storms can significantly damage homes and property. Whether it’s tree damage, wind damage or flooding, storms and natural disasters can leave families and individuals facing emergency shelter decisions and put them at odds with their insurance company.
Insurance companies are profit-oriented businesses. Their margins are primarily determined by how much they collect in premiums and deductibles versus how much they pay out in claims. Although insurance companies may advertise that you are in good hands, that you are like a neighbor, or that they provide good customer service, it is in the financial interests of insurance companies to deny or deny claims when they can.
Filing an insurance claim for hurricane damage can be confusing. Some people may not know that their insurance may also cover damage to homes, cars and businesses.
are you eligible?
If you suffered wind, lightning, tree damage, or flood damage from a natural disaster that occurred within the past two years, and your insurance company did not adequately pay you for the damage, you may qualify for a free evaluation of your insurance claim. An attorney can help secure maximum payouts for other natural disaster insurance claims — at no extra cost.
Fill out the form on this page for more information.
The insurance battle is worse than the damage
Insurance companies are notorious for not helping victims of natural disasters. One Louisiana man, Tyler Collins, said Louisiana television station KPLC dealing with his insurance company was worse than dealing with the hurricane itself. He said he went through 27 regulators with six companies before getting his lawyer involved.
“They just cause too much: the grief, the frustration, everything, every part of the step. The hurricane was child’s play compared to what insurance companies are doing to people.
Couple shared with New York Times that a storm caused $150,000 in damage to make their house livable again, but their insurance company only paid them $60,000 in damages. Many victims said claimants took months or even years to collect adequate claims to recover their damaged property. Louisiana lawmakers addressed the litany of complaints, including slow or no pay or the “radio silence” they heard from their constituents after Hurricanes Laura, Delta and Zeta. They said they would try to pass laws to better protect consumers.
Insurance companies are introducing new limits
The fact is that many people do not understand their insurance policies and hope for the best if and when the time comes when they need it. Some argue that insurance companies take advantage of this ignorance.
According to the Consumer Federation of America (CFA), among the strategies used by some insurance companies is the introduction of new policy limits, but not adequately informing customers. CFA recommends contacting an attorney if claimants believe they have been misled in this regard.
“Nearly all wind-damaged homes have homeowners’ policies covering wind, but insurers are continually increasing deductibles for hurricane wind coverage and imposing other, sometimes draconian, limits on homeowners’ insurance policies,” said J. Robert Hunter, CFA Director of Insurance. “This cost-shifting to consumers of homeowners insurance policies may surprise some, as disclosure of coverage changes is often buried in renewal documents that consumers may not understand or even read.
Join an investigation into a homeowner’s coverage denial case
If you have suffered wind, flood, lightning or tree damage from a natural disaster in the past two years, an attorney can help you ensure that your insurance company pays the maximum for your claim.
Fill out the form on this page for a FREE case evaluation.