With an average annual cost of $2,643, Florida homeowners pay some of the highest property insurance premiums in the country. If you add in supplementary flood and windstorm coverage, Florida premiums are probably the highest. These high premiums make sense because Florida tends to be a primary target for the numerous tropical storms that barrel westward over the Atlantic Ocean every year during hurricane season.
However, despite those high premiums, insurance companies have developed a reputation in the state for denying or otherwise limiting claimed benefits. In turn, Florida leads the country in filing lawsuits against insurance companies for denied and underpaid claims.
While the Tallahassee area does not have the extensive denial of claims and insurance litigation experienced in the state’s larger urban areas, claims do get denied in our area, and insurers often try to limit benefits. When this happens, homeowners and other property owners often have no further recourse than litigation. The personal injury lawyers of Tallahassee-based Akbar Thomas Law Firm are well-versed in the games insurance companies play. We stand ready to help northern Florida property owners secure the benefits they are due when their property is damaged by a storm, fire, flooding, or other disaster.
How insurance companies deny claims or limit benefits
When your home or other property suffers damage, insurance companies are contractually and legally obliged to pay your claim. Of course, that obligation is dictated to some degree by the “small print” of your policy. Thus, insurance companies will naturally use whatever policy terms they can to limit what they might have to pay. There is nothing illegal about this and there is not much you can do if a claims denial or apparent underpayment is directly tied to specific policy terms.
Our Experience
To that end, we are experienced in handling:
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- Assert that damages were a result of pre-existing conditions.
- Argue that policy terms do not cover the claim.
- Allege that the claim is fraudulent.
- Claim that you failed to make timely premium payments.
- Rely on faulty formulas or algorithms that don’t accurately estimate damages.
- Policy cancellation based on alleged application errors or other reasons.
- Ignore or otherwise fail to respond to your claim.
- Dispute estimated extent and cost of damage.
- Delays in claims processing.
- Offer a low-ball settlement during appeals or mediation.
With an average annual cost of $2,643, Florida homeowners pay some of the highest property insurance premiums in the country. If you add in supplementary flood and windstorm coverage, Florida premiums are probably the highest. These high premiums make sense because Florida tends to be a primary target for the numerous tropical storms that barrel westward over the Atlantic Ocean every year during hurricane season.
However, despite those high premiums, insurance companies have developed a reputation in the state for denying or otherwise limiting claimed benefits. In turn, Florida leads the country in filing lawsuits against insurance companies for denied and underpaid claims.
While the Tallahassee area does not have the extensive denial of claims and insurance litigation experienced in the state’s larger urban areas, claims do get denied in our area, and insurers often try to limit benefits. When this happens, homeowners and other property owners often have no further recourse than litigation. The personal injury lawyers of Tallahassee-based Akbar Thomas Law Firm are well-versed in the games insurance companies play. We stand ready to help northern Florida property owners secure the benefits they are due when their property is damaged by a storm, fire, flooding, or other disaster.
How insurance companies deny claims or limit benefits
When your home or other property suffers damage, insurance companies are contractually and legally obliged to pay your claim. Of course, that obligation is dictated to some degree by the “small print” of your policy. Thus, insurance companies will naturally use whatever policy terms they can to limit what they might have to pay. There is nothing illegal about this and there is not much you can do if a claims denial or apparent underpayment is directly tied to specific policy terms.
- Assert that damages were a result of pre-existing conditions.
- Argue that policy terms do not cover the claim.
- Allege that the claim is fraudulent.
- Claim that you failed to make timely premium payments.
- Rely on faulty formulas or algorithms that don’t accurately estimate damages.
- Policy cancellation based on alleged application errors or other reasons.
- Ignore or otherwise fail to respond to your claim.
- Dispute estimated extent and cost of damage.
- Delays in claims processing.
- Offer a low-ball settlement during appeals or mediation.