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Dealing with Underpaid Insurance Claims

We all know that a storm can cause thousands of dollars worth of damage to your home. Hence, it is vital to have the proper coverage to help you take care of those damages. Despite having coverage, however, there is a possibility your insurance company may try to reimburse you for less than the terms outlined in your policy. What do you do in such a scenario?

Oftentimes, homeowners end up signing a contract when their insurer offers them an amount that is largely underwhelming. The insurer may request that the homeowner sign a waiver releasing them from any liabilities that may arise in the future. Essentially, the homeowner is agreeing to sign away their rights to additional money. This is a tricky and complicated situation where homeowners often face challenges when attempting to get the money they deserve or need to take care of much-needed damages in their home.

Keep in mind that in most if not all cases, you are not legally required to accept a lowball offer that does not accurately reflect the terms of the contract or policy. You may, therefore, benefit by holding out. With hurricane season in full swing, it is important to know your rights. If your insurance company isn’t willing to give you the money you deserve, having legal representation may help. Give us a call today.

This information is provided by Miami insurance attorney 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 Miami insurance settlement 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.