Insurance Disputes Involving Hurricane Damage Claims

July 29, 2021
Insurance Disputes Involving Hurricane Damage Claims

The 2021 hurricane season is here. Hurricane Elsa has already ravaged areas of Florida with high winds and heavy rain. The National Oceanic and Atmospheric Administration (NOAA) predicts an active hurricane season for the Atlantic basin this year. There is a likely range for 13-20 named storms, including three to five major hurricanes. A major hurricane is one with 111 mph winds and above. Historically, we know that it does not take a significant hurricane to devastate a beachfront or inland community. We must be well-prepared to minimize property damages and the subsequent economic impacts of these storms.

 

Many property owners feel they have taken every precaution, including hurricane and flood insurance coverage. However, the harsh reality is that insurance companies often deny and delay claims and undervalue damages, leaving property owners with uninhabitable homes or businesses. Under these circumstances, business owners and homeowners have no financial recourse to repair significant damages from natural disasters. In addition to the cost of material damages, business owners suffer from an extended business interruption for every day that the insurance company does not settle a claim. Property damages commonly occur due to high winds, spin-off tornadoes, excessive rain causing flooding, high-speed projectiles, lightning, uprooted trees, and fallen tree limbs.

 

   Florida Statute section 624.155 mandates insurers to act in good faith when evaluating and resolving a claim. It allows first and third-party claimants to recover compensation above the original claim and exceeding the policy limits if the insurer acts unreasonably and without reasonable cause.

 

Challenging Bad Faith Insurance

 

Insurance companies are inundated with claims from policyholders following a storm event. When an insurance company reneges on its obligations or uses deceptive tactics, it is referred to as unfair claims or bad faith practices.

 

Some of the tactics of bad faith practices that are grounds for a lawsuit include, but are not limited to:

 

  • Insurers that misrepresent the language of a policy to avoid paying a claim
  • Failure of the insurer to disclose policy limitations and exclusions when selling a policy
  • Insurers making unreasonable demands on policyholders to settle a claim
  • Negligent and unreasonable settlement of damages as a result of denials, delays, and undervaluing claims
  • Insurers altering claims without the claimant’s knowledge

 

We Seek Justice for Hurricane Damage Claims

 

Bad faith insurance litigation is complex. It is vital to have experienced insurance dispute attorneys on your side. At Allen & Abaray, P.A., we are committed to seeking justice for policyholders victimized by insurance carriers who wrongfully deny, delay, or undervalue financial compensation. For more than two decades, our legal team has successfully won settlements and verdicts for our clients against the largest insurance companies in the nation.

 

Before filing a claim, meet with our experienced insurance litigation attorneys. If you have already filed a claim and the insurance company has provided too little coverage or no coverage at all, we can help. Let us review your insurance policy to determine your coverage limits, evaluate the losses, and represent you in fighting the claim status.

 

We hope you do not need to file a claim for storm damages during this hurricane season. Should you need our assistance, don’t hesitate to get in touch with us in regard to your insurance dispute. There is no cost to you unless we win a settlement or verdict in your favor. Call our Lakeland, Florida office to schedule a consultation at (877)669-6899 or (863)669-9999. We represent clients throughout the state of Florida.

 

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