Homeowner’s insurance is designed to protect you when you suffer a loss, but most insurance companies try to interpret your policy in a way that benefits them, your compensation is less than satisfactory. Don’t they understand you agreed to a monthly premium under the premise they’d cover the financial implications associated with damage or loss? Unfortunately, their goal isn’t protecting you, despite the catchy slogan and sales pitch.
Understanding clients are often unfamiliar with their policy and the process, they’ll try to take advantage, paying out less to save more. As luck would have it, there are statutes in place that protect your rights. Using them to negotiate and recover the full benefits you’re entitled to under the policy you paid for, a seasoned property claims attorney will act as your advocate. To better understand what you can expect, we’ve compiled a helpful list of questions and answers.
What losses are covered?
Insurance companies will provide financial reimbursement for losses specifically stated in your policy. Differing per case and level of coverage, results may vary. For example, your homeowner’s insurance may exempt flood damage, since there’s a separate policy designed for those instances. In that case, losses incurred would be deemed inapplicable. Generally, protected ones include fire, hail, theft, and vandalism, to name a few. For a thorough breakdown, employ a meticulous approach when analyzing your policy.
How long will it take for my insurance claim to be settled?
Most people find it takes at least 18-24 months to repair, rebuild, or replace their home and possessions after a major loss. Though, of course, it’s not set in stone. Depending on the time, for example after a hurricane when multiple people are filing similar claims, and your company, you may see results later rather than sooner.
Where Can I find help?
Andrew Trailor PA may be able to help you with your claim or we can help you find someone who can. Call us at 305 668 6090 to discuss your needs.
