Discovering the nuances of property insurance claims and disputes is crucial for policyholders seeking fair compensation.
- What types of damages are typically covered by property insurance?
An insurance claim lawyer at Lacey Lyons Rezanka
provides representation to policy holders and third-parties seeking coverage for their claims in various areas of insurance covered including:
- Residential and Commercial Property Damage
- Homeowners Insurance Claims
- Commercial Property Insurance Claims
- Storm & Hurricane Damage
- Hail Damage
- Water Damage
- Fire Damage
- Sinkhole Damage
- Flood Damage
- Roof Damage
- Theft Claims
- Pipe Burst Claims
- First-Party Insurance Claims
- Third-Party Insurance Claims
- Life Insurance Claims
- Business Interruption Claims
- ERISA Long-Term Disability Insurance Claims
- Bad Faith Insurance Claims
- Civil Remedy Notice Preparation
- Sworn Proof of Loss Preparation
- Examination Under Oath (“EUO”) Representation
2. When should I dispute an insurance claim?
As soon as you receive notice of your denial or low
value of your claim.
3. What is the difference between actual cash value and replacement cost value in a settlement offer?
Replacement cost value represents the total amount
required to replace your property or belongings, with no deduction for depreciation. On the other hand, actual cash value is calculated by subtracting
depreciation from the replacement cost value.
4. How long does an insurance company have to settle a claim?
In Florida, an insurance company has 60 days to settle
or deny a claim.
5. Is it good to take the settlement offered?
Usually, the insurance company will low-value your settlement claim. If you think it will cost you more to replace the claim, it is best to dispute the claim and hire an attorney.
6. Will filing a claim result in an insurer canceling the policy?
An insurance provider might seek to terminate or invalidate a policy following the submission of a claim. Should your insurer attempt to cancel your policy after you’ve filed a claim, it is advisable to promptly seek legal counsel. Frequently, the filing of insurance claims can lead to heightened premiums for policyholders. This practice essentially allows the insurance company to apply surcharges to the customer during the policy
renewal process.
7. What happens if I cash a settlement check if it is not enough?
If the cash settlement check is not enough, you should not cash the settlement check and speak with a property insurance claim attorney.
8. How long can the pre-suit process take?
Anywhere from a couple weeks to 3 months.
9. How long can the litigation process take?
From about 6 months to 2+ years depending on individual case
10. Do I have to pay anything upfront if I decide to retain your firm?
No upfront fees.