At its essence, a homeowner’s insurance policy is designed to protect you from the unexpected. However, insurers are still looking to make money. Hence, when it’s time to file a claim, they may attempt to give you what’s called a “lowball” offer, with the hopes the offer is accepted and property repairs can proceed with no issue.
Nonetheless, there are several measures you can do to cut down on the odds an insurer will attempt an underpayment. One of the most critical is ensuring you have a solid understanding of your policy and its coverage, bearing in mind that many insurers use deliberately obscure or even deceptive terms to use as reasons not to pay your claims should issues arise. If there is anything you do not fully understand in your policy, you should contact them and request clarification. Additional steps that you can take to optimize your claim include:
Repairing promptly. It’s important to respond quickly if, for example, your home floods. Conduct repairs as soon as possible as this reduces the chances the insurer may attempt to argue that your property sustained further damage because it wasn’t taken care of promptly. Hold onto any estimates and receipts.
Damage documentation. Another thing you can do to make it more difficult for an insurer to underpay your claim is to thoroughly report any damage suffered by your home, taking the time to snap photos of the damage from multiple angles. Before a major disaster happens, it is also prudent to have a running tally of any particularly valuable things you have at home.
This information is provided by Miami insurance lawyer Alonso & Perez, LLP. Our areas of practice include insurance litigation, foreclosure defense, immigration law, and more. Call 305-676-7545 to speak with one of our attorneys and receive a free consultation We look forward to working with you. Para mas información sobre reclamo de seguro, por favor llamenos.
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.