Continuing with our regular updates on the impact of Hurricane Irma, the latest information released by Florida’s Office of Insurance Regulation shows that over 900,000 home and property owners have filed claims due to storm losses, resulting in nearly $8 billion worth of damage.
According to a Herald-Tribune article, one situation that some property owners are running into is having their insurance claim closed without receiving payment. The primary reason as to why this tends to happen is because the damage is considered to be less than what the insurance policy deductible. Another reason may be because the damage caused is not covered by the policy. Hence, it is imperative that owners thoroughly read and understand their policy to ensure they have the proper coverage in the event of another storm.
In regards to having a claim denied without payment, there is a possibility an insurance company may not give you a proper estimate of damages. We previously mentioned a case discussed in the Palm Beach Post where a homeowner’s insurance claim involving roof damage was denied until the homeowner sought legal help. If you feel you may be in such a situation, contact us for a free consultation and we may be able to help you get the money you need to repair your home.
You can read more about Irma’s property damage at the following link: http://www.heraldtribune.com/news/20180213/floridas-irma-property-damage-nears-8-billion.
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 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.