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Whether or not you should get an attorney involved with your property damage claim has a lot to do with the type of property damage you suffered. Most property damage attorneys won’t get involved with an auto accident claim, for example, unless there were injuries involved, because the value of vehicles would rarely net a large enough settlement to make their time worthwhile.
However, if a vehicle were to run into your house or business and cause a significant amount of damage and your insurance company isn’t treating your claim fairly, a property damage attorney may be more inclined to intervene.
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Property damage attorneys tend to have the most impact on settlements when the case is related to damaged homes or businesses. Home and business owners frequently seek the services of an attorney for claims involving:
Homeowners and business insurance policies are very complicated documents, and its understandable that many policyholders don’t completely understand what types of damages are covered by their policy. A property damage attorney can provide guidance regarding what your policy covers and can give you an honest assessment of the insurance company’s settlement offer.
If you don’t believe your insurance company is properly valuing your claim or treating you fairly, a property damage attorney can offer solutions to help you get the compensation you deserve for your property damage claim.
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Bad faith insurance cases allow the policyholder to recover the money they deserve or, in the most severe cases, even more money than their claim would have paid had the insurance company operated in good faith.
In the U.S., insurance companies are legally obligated to operate in good faith and deal fairly with their policyholders. The major insurance carriers go to great lengths to give themselves cover by crafting complex policies that contain dozens or even hundreds of exclusions and limitations – meaning your policy doesn’t cover you for a long list of potential damages.
That doesn’t mean insurance companies never act in bad faith or always provide the fair service and claim evaluations their policyholders deserve.
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Claim valuation is further complicated by the human element. Claims adjusters and other decision makers in the process are beholden to the insurance company’s interests, which means they may make decisions that are good for the insurance company but not you, the policyholder.
Insurance companies are businesses, not charities. They fundamentally make decisions intended to maximize their profit, which usually means keeping revenue (the premiums you pay) high while minimizing their costs (the claims they pay you for damages).
Whether or not you should call a property damage attorney for your claim should depend on the situation and how your insurance company is treating you.
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If they are willing to pay you the money you need to restore your home to the way it was before the damage, you likely won’t need an attorney. If the insurance company’s claims adjuster says “sorry, your policy doesn’t cover that, ” it may be in your best interest to contact an independent claims adjuster or an attorney for assistance.Experiencing a natural disaster or accident that damages your home or business can be traumatizing. Filing a property damage claim can add unnecessary stress. If you’re in a dispute with your insurance company over a property damage claim, you may need a qualified attorney.
Suffering a catastrophe that damages your home or business is emotionally taxing. To protect yourself from such an event, you likely carry homeowners or property insurance coverage. Your insurance is in place to help cover some of the damages caused by the unfortunate event.
Filing an insurance claim for property damage to your business or home can be a frustrating and drawn-out process. Hiring an experienced attorney from a reputable law firm can make it easier for you to manage this process and collect the benefits you’re owed for damages.
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Due to the complexities of the process, as well as the possibility of insurance companies either denying coverage or underpaying a claim, it helps to understand property loss/damage claims and get some advice on what you can do to recover what you lost.
Property loss or damage claims refer to claims you file with your insurance company asking for compensation to cover any losses or damages to your property. These claims differ from personal injury claims in that they only cover losses that are considered personal property. If property damage as well as personal injury results from an incident, you will have to file separate claims for each issue.
Your homeowners property insurance is likely to cover or insure items or property that have been damaged or destroyed. In essence, a property damage claim comes down to the cost of repairs, the loss of use, sentimental value, and the overall replacement value of the damaged property.
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If your home or business were to experience an accident or natural disaster, then one of the first steps you would take is filing a property damage claim with your insurance company. It’s always a good idea to examine your insurance policy to determine how damages are covered, especially any potential damages that pose a risk to your property.
To better understand property damage claims, it’s best for policyholders to take a closer look at property damage insurance and learn general information about how it works.
Homeowners insurance may also cover injuries or property damage to others because of personal negligence, accidents that happened around the home, and damages to personal belongings or property that are kept in storage.
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If you’re a business owner or homeowner, you may opt for general liability insurance. This is also known as casualty insurance and protects your business and property from third-party claims against you.
Although homeowners insurance is put in place to cover varying emergencies or disasters, there are some exceptions. For example, earthquake and flood damage are not covered in standard home insurance policies.
You’ll have to purchase a separate policy, or pay for additional coverage, if you live in flood- or earthquake-prone areas. You should also be aware that damage from termites or other pests are sometimes excluded by property insurance policies.
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Although policies vary, many property and homeowners insurance plans cover certain damages and equipment. Florin|Roebig attorneys have experience in handling a variety of property damage claims and have seen firsthand how insurance companies will undervalue or deny valid claims.
Many home insurance policies cover the damage from a pipe burst or another water-related event. Freezing damage can also occur during the winter months in many parts of the United States. Water damage can be detrimental to your property, so it’s in your best interest to routinely check your pipes to prevent any leakage.
Mold damage can be catastrophic and is a major cause for concern for both business owners and homeowners. Mold can be toxic, damage property, and lead to serious health risks. Insurance companies may dispute mold damage claims, so be aware of potential mold problems in your household or building.
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Wind and hail damage claims are common. Because these damages result from forces of nature, they’re likely covered by your insurance plan. Wind and hail damage is typically covered when it’s caused by a hurricane, hail storm, tornado, or other storms.
Fire or smoke damage is not as common as wind and hail damage, but if you purchased a comprehensive insurance policy, these damages are likely to be covered. From grease fires in the kitchen to lingering smoke damage to the structure, you’ll want to make sure your policy covers these damages.
Outside of natural disasters or general property damage, you’ll also be entitled to a property loss claim if you’ve been the victim of burglary, theft, or vandalism.
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Filing an insurance claim is much easier if you make a list of your belongings. After a traumatic event like a fire or natural disaster, it can be hard to remember all of your possessions. This can also help you settle the claim faster, verify your losses, and help your attorney assess damages or losses if you pursue legal recourse.
Insurance companies are for-profit businesses. They will likely do everything they can to avoid paying out claims. Some policies are written in ways that justify undervaluing your claim, especially when it involves property damage.
Cases involving property damage to homes can be especially tricky. For example, your home may have been damaged by hail or a windstorm, but the insurance company may dispute the claim and say the damage was caused by wear and tear or failure to maintain.
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If you’ve filed a property damage or loss claim with your insurance company, but are struggling with the process, you may want to hire an attorney. This is especially true if your insurance company is disputing your claim.
As you consider your options for legal assistance, take a look at a few of the common disputes leveraged by insurance companies:
Your insurance company may dispute your claim in regards to coverage. This may involve disputing the entire claim For example, you may say water damage was caused by a burst pipe, but the insurance
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