For those of you that are keeping tabs regarding Hurricane Irma and the damage it caused, a recent Herald Tribune article says claims have now reached close to $9 billion. Over 900,000 property homeowners have filed Irma claims due to losses caused by the storm, which made its way through Florida last year. While the majority of the claims have since been closed by either being paid or refused, close to 2,000 of them are still open.
If you’ve never had to file an insurance claim, congratulations. However, if a claim is filed and it is unpaid, the reasoning behind it is generally because the damage was determined to be less than the hurricane deductible is listed on the insurance policy. There are other reasons that may also lead to unpaid claims, such as if a tree falls into a yard but does not cause any damage to the property. Hence, it may be considered damage that is not covered.
According to the Office of Insurance Regulation, homeowners comprise two-thirds of the amount of claims. These claims—as well as the rest of the claims filed in Florida—do not include damage caused by flood which in most cases is not covered by homeowners’ insurance policies.
You can read more at the following link: http://www.heraldtribune.com/news/20180412/irma-claims-top-86-billion-mark-in-florida.
This information is provided by Miami insurance lawyer Alonso & Perez, LLP. Our areas of practice include bankruptcy, insurance litigation, foreclosure defense, immigration law, and more. Call 305-676-7545 to speak with one of our attorneys or a property insurance disputes Miami lawyer and receive a free consultation We look forward to working with you.
This information is provided for educational or informational purposes only and should not be construed as legal advice. The information is not provided in the course of an attorney-client relationship and is not intended to substitute for legal advice.