What are the Alternatives to Suing?
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homeowners’ insurance policy is like a deal between the homeowner and the insurance company. Homeowners pay money regularly, believing that if something bad happens to their home, the insurance company will help fix it.
But in Florida, when storms damage homes, many homeowners get letters from their insurance saying they won’t pay for some or all the damage. This leaves homeowners wondering if they need to take their insurance company to court to get the money they need.
Sometimes, suing the insurance company is the only way to make them pay attention. However, there are other ways to solve the problem without going to court. It’s a good idea to talk to a lawyer, like the ones at Cohen Law Group, to understand these options better.
One option is called an appraisal. It means both sides choose someone who knows about buildings to look at the damage and decide how much money should be paid. If they can’t agree, a neutral person helps them decide.
But using an appraisal might not always be the best idea. Your lawyer can tell you if it’s right for your situation.
Another choice is a mediation program run by the state of Florida. This program brings homeowners and insurance companies together with a neutral person to try and work out their problems. However, sometimes it can take a long time, and it might not solve everything.
Instead, many Florida homeowners have found that following the state’s rules before suing their insurance company can work well. The law says homeowners must tell their insurance company they plan to sue before they can do it. This often makes insurance companies pay attention and try to solve the problem without going to court.
In short, while there are different ways to solve problems with insurance, each has its challenges. Talking to a lawyer who knows about insurance law can help homeowners figure out the best way to get the money they need to fix their homes.
If you or your loved one have been wrongfully denied your homeowner's insurance claim, please call QT&T at 866-480-3124 for a free claim evaluation. Our experienced team is dedicated to helping you navigate the complexities of insurance disputes and ensuring you receive the coverage you rightfully deserve. Don't let a denied claim leave you stranded – contact us today and let us advocate for you.
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W hile looking over Appraisal Awards, clients often ask why they’re “paying the deductible again”. This is a common misconception. Prior to Appraisal homeowners get a letter from their homeowner’s Insurance Company showing partial coverage, less the deductible. The letter will either say that your covered damages are less than the deductible so you’re not entitled to money, or it will show you an undisputed amount of coverage, reduced by your deductible.
The safety and protection of your home are paramount, and when faced with damage, uncertainties can arise regarding whether to involve your homeowner's insurance. The adage "when in doubt, report" encapsulates a wise strategy that homeowners should consider when confronted with home damage, no matter how minor or inconspicuous it may seem. In this article, we'll delve into the rationale behind this approach and the potential benefits it offers.
In recent years, the landscape of homeowner's insurance regulations in Florida has witnessed a notable shift, with measures aimed at making the claims process more stringent. This growing trend reached a significant milestone when Governor DeSantis signed Senate Bill 154 into law. Among its provisions, the bill substantially reduced the time frame for discovering damages and reporting insurance claims. You had up to 3-years to first discover and report Hurricane Irma damage. For Hurricane Ian, you had up to two years to first discover damages, and from June 9, 2023, you’ll only have 1 year to first discover and report a potential insurance claim. As the trend continues, striking a balance between the rights of policyholders and the interests of Florida’s insurance industries. As you can see, Florida has made their position well known, and they’ve continued to pass laws that limit homeowner protections and lower repairability standards. Fans of the new changes hope that the new changes will result in insurance premium savings, but the fact of the matter is that insurance is not getting more affordable, nothing is. Additionally, while these changes aim to enhance efficiency and discourage fraudulent claims, they also pose challenges for homeowners who require time to identify damages accurately and initiate claims with well-supported evidence. As the landscape of homeowner's insurance continues to evolve, the importance of informed decision-making, thorough documentation, and understanding policy terms becomes increasingly vital for Floridian homeowners seeking to navigate the changing dynamics of insurance claims. That is why we at QT&T recommend you speak with your insurance agent to better understand your “Duties After Loss” and coverage limits.
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