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My Property Insurance Claim Was Just Denied – What Are My Options?

My Property Insurance Claim Was Just Denied - What Are My Options - LLG

No one likes to be rejected. Whether in love or in a property insurance claim, being denied can be a deflating experience. But unlike your love life, a denial of an insurance claim can mean that you may have to come out of pocket to repair the damage done to your property. Still, it is important to understand that you do not have to simply accept your insurance company’s decision.

If you receive a denial letter from your property insurance company, then it is not the end of the road. For most insurance policies, you will have an opportunity to supplement your claim or appeal it altogether. Here’s more on denied property insurance claims and what options are available to you.

Why Was My Claim Denied?

There are many possible reasons why your claim was denied. It can be something as simple as you forgetting to sign the claim application or submitting your claim too late. It may also be because you did not provide enough proof of damage. If you received a denial letter, then in that letter, there should be an explanation of why your claim was denied. The denial letter may also contain information on what you can do to dispute the denial. This may involve submitting additional documentation or requesting that your claim be reviewed by a separate claims specialist on appeal.

What Are My Options?

Before you decide how to proceed with your claim denial, you should ask yourself whether it is worth pursuing. If you are like many property owners, then you will probably have a deductible connected to your insurance policy. Claims that barely exceed your deductible may not be worth pursuing as it may cost you more overall if it causes your premiums to increase. For example, a claim that is worth $1000 on a policy with a $500 deductible might not make sense if filing the claim will cause your monthly premiums to increase by $100.

Even with claims that exceed your deductible by a fair margin, you may not always want to fight a claim denial. The appeal process can take time, and if your property needs immediate repair, it may make sense to just resolve the situation on your own, especially if the chances of getting your claim approved are slim.

For claims that are worth considerably more, you may want to think about filing an appeal. Most states require insurance companies to provide their policyholders with a process for appealing claim denials. This is typically done by filling out appeal documents and re-submitting your claim. In most instances, you will be able to submit additional documentation and state the reasons why the claim should not have been denied.

Submitting an appeal should not be done haphazardly, as you likely will not have another opportunity to get your claim approved. To be sure, you may be able to sue your insurance company if they deny your appeal, but you may not be able to present any additional evidence that was not already included in your appeal.

Should I Hire A Property Claims Attorney?

If you have determined that your property insurance claim is worth pursuing, then you may want to consult with a claims attorney on what is the best approach in getting your claim denial reversed. These attorneys specialize in property insurance law and have experience in dealing with insurance companies.

A claims attorney can help you submit your appeal in a way that will give you the best chance of getting it approved. It’s important to understand that the services of these attorneys generally will not be free. Still, many property claims attorneys will take your case on a contingency basis. What this means is that you will only have to pay for their services if they are successful in getting your claim approved. Their fee will then be a percentage of your claim award. In cases where your property has been destroyed or is no longer inhabitable, hiring a trained professional to help you get top dollar is recommended.

The Louis Law Group

The attorneys at The Louis Law Group specialize in property insurance claims. Whether you are considering filing a claim or have already been denied, we are here to help you today. We will put our experience to work for you in dealing with insurance companies to see that you are treated fairly and are in a strong position to get your claim approved. Reach out to The Louis Law Group for a free no-obligation consultation or case review by calling (954) 676-4179 or contacting us online.

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