If your home was recently damaged in a hurricane, water leak, fire, or other incident, you may be wondering how much your claim is worth. However, before you speak to your insurer, do you know the difference between actual cash value and replacement value? While the actual cash value or ACV may sound like the more enticing offer, it rarely is. If you are unsure about how to proceed in filing a claim, an attorney can guide you through the process and help you sidestep any legal pitfalls along the way.
When an insurance company fails to investigate a claim or pay money that is owed on a policy, they are engaging in “bad faith insurance.” Unfortunately, this abhorrent behavior occurs a bit too frequently these days. If you believe you are the victim of bad faith insurance, it is vital that you contact an attorney immediately.
A small leak upstairs just turned into a big leak downstairs. Now, there’s a bathtub and ceiling debris in your living room. But you have homeowner’s insurance, so no problem, right?
Maybe not. What if your claim is denied?
Many people find it hard to believe that insurance claims are often denied until it happens to them. Since insurance companies deal with a lot of claims, their goal is to resolve them swiftly and affordably. And whenever possible, not at all. Simply put: if your insurer sees an opportunity to reduce or deny your claim for any reason whatsoever, they will take it.
When your property is damaged because of the negligent or reckless behavior of someone else, it costs you money and time. You probably have some questions about how to pursue fair compensation for your losses. Here are some of the most frequently asked questions and answers about property damage.
When a hurricane destroys everything you have worked so hard to achieve, an insurance settlement can mean the difference between rebuilding and finding a new home. However, with experienced legal help, you can fight back against insurers and obtain the money you rightfully deserve.
But, in order to file a successful claim, you need to act quickly. In fact, according to Florida statute 627.70132, if you wish to file a claim, supplemental claim, or reopened claim under an insurance policy for property damage caused by a hurricane, you must do so within 3 years of the date that the storm first made landfall.