Homeowners throughout Florida continue to recover from the devastation of Hurricanes Helene and Milton. Those who took steps to have insurance coverage protect their investment may face an unfair settlement offer or even denial of the claim.
If you find yourself in this situation, you are not alone. Recent reports find that insurance companies have already denied tens of thousands of claims.
What are my options if I receive a denial or low-ball offer?
The first step after receiving a denial or a low offer is to review the correspondence from the insurance company. Insurance companies must provide reasons for their determination. These could range from alleging that the policy does not cover the damage to claiming that you did not file in a timely manner. When it comes to a low settlement, assess how the insurance company calculated the offer. It often involves an evaluation of the damage and the policy terms. Review to see if it was made in error or if the numbers do not add up.
After understanding the basis of the insurance company’s decision, prepare your response to address each point. The following steps can help:
- Collect supporting documents: This can include photos of the damage, repair estimates, and expert opinions that contradict the insurer’s assessment.
- Determine an appropriate amount: Address each reason provided by the insurer for the denial or low offer. Gather evidence that supports your case and determine an estimate for what you believe the correct outcome should be.
Navigating insurance claims and negotiations can be complex. Seeking advice from professionals who understand the intricacies of insurance law can make a significant difference in the outcome of your case.
Is there anything else I should know before I appeal the insurance company’s decision?
Dealing with a denied insurance claim or a low settlement offer requires a careful, informed approach. By reviewing the insurance company’s reasons, preparing a strong response, and seeking professional advice, you can significantly improve your chances of a favorable resolution. Remember, the decisions of insurance companies are not final, and you have the right to challenge them if you believe they are unjust.