Some of the challenges that homeowners face when making a homeowner’s insurance claim after a hurricane or storm hits could be addressed when homeowners are in the process of purchasing their homeowners insurance. While some challenges homeowners might face during the claims process can stem from miscommunication and disagreements between homeowners and their insurance company, having a clear understanding of your homeowner’s insurance policy at the outset can go a long way when the time comes to make your claim. That said, sometimes the fine print of a policy can be tough to read and for many homeowners, when disaster strikes, this may be the first time you have ever had to make a claim. If you are having difficulty with a homeowner’s insurance claim in Florida following a hurricane, Leader, Leader, & Zucker, PLLC is a Fort Lauderdale, Florida homeowner’s insurance claim lawyer that may be able to negotiate with insurance adjusters, provide insurance adjusters with the information they need, and review your case to determine whether adjusters have the information they need to settle your claim.
First of all, it’s important to note what is or isn’t covered by the typical homeowner’s insurance policy and determine whether you might need additional coverage. Typical homeowner’s insurance covers your home from fire, hurricane, lightning, vandalism, or other disasters. However, flood damage and earthquake damage may not be covered by the typical homeowner’s insurance policy. If you live in a flood-prone area, you may need to purchase additional coverage.
If a person is injured while on your property and the injured person makes a personal injury claim, your homeowner’s insurance coverage may protect you in this case as well. If someone trips, slips, or falls on your property, homeowner’s insurance may be able to cover their medical bills. Your homeowner’s insurance may also be able to help you handle a personal injury case, if one is made.
One of the important distinctions you might want to note in a homeowner’s insurance policy is whether the items in your home are covered for actual cash value or for replacement cost because this can have a big impact in the outcome of your claim or settlement. An actual cash value policy will cover you only for the value of your property as it would have been assessed on the day it was damaged or lost. So, if your computer was damaged in a storm, but it was 4 years old, your insurance adjuster will account for the age of your computer when determining your settlement. However, if you purchased replacement cost insurance, you may be able to seek a recovery for the cost to replace these items. Replacement cost insurance may be more costly than actual cash value insurance, so homeowners may need to balance whether they could afford to replace these items on their own if damaged, or if they would like to protect items in the home more robustly. Another thing to keep in mind is that not all items in your home may be covered if they are damaged, lost, or stolen. If you own expensive art, jewelry, or high-value electronics, your insurance may not cover these items or may not cover the full value of these items. Individuals who own valuables or expensive items may need to purchase additional coverage for these items.
There are other things you may want to consider when purchasing insurance that can help save you headaches should you need to make a claim. While many consumers look at price when shopping around for homeowner’s insurance, looking at a homeowner’s insurance company’s reputation, reliability, and checking to see if there are any complaints against the company for the way it handles claims can protect you from facing unexpected issues if you need to make a claim. For example, when purchasing insurance, you may want to ask whether your homeowner’s insurance company hires licensed adjusters to handle calls when individuals make claims, or whether this is outsourced. Also, does the company have in-house adjusters, or does it rely on adjusters hired contractually? This can be an issue, because some homeowner’s have reported that their single claim has been handled by multiple adjusters, which can compound issues of communication.
If you are in the process of making a homeowner’s insurance claim and have questions about your rights or the claims process, Leader, Leader, & Zucker, PLLC is a Fort Lauderdale, Florida first-party insurance claims law firm that may be able to help you. Our attorneys can review your policy, estimate the value of your settlement, and negotiate with insurance adjusters to help you get the settlement you may deserve under the law. Reach out to our first-party insurance claims law firm today or connect with our attorneys by reaching out to USAttorneys.com today.