Purchasing a home is probably the most significant investment you will make in your lifetime. The second most important expenditure will be the homeowner’s insurance that you purchase to protect it. This will protect you and your family’s home against issues that are out of your control such as man-made perils and natural events. Your policy will be a combination of liability and property insurance.
Liability insurance covers anyone who gets injured on your property while the property insurance portion of your policy protects your home and the contents within. There are several types of homeowner’s insurance coverages available in the Miami area:
- Fire insurance claim – if fire has destroyed your home, your insurer would rather see you rebuild it than reimburse you for the total loss you’ve incurred. In most cases, they will attempt to prevent paying your policy limit in full.
- Hurricane damage claim – Florida has witnessed many agitated hurricane seasons in past years and will no doubt experience more in the future. Hurricanes can be very destructive and cause millions of dollars in damage. Without hurricane insurance, you won’t get reimbursed for the damages.
- Improper denial of claim – if your claim is denied because your insurer is acting in bad faith, you have the right to pursue legal action for not respecting your policy’s terms. In fact, you could be entitled to additional compensation.
- Mold damage claim – mold not only degrades the value of your home, but it is extremely hazardous for you and your family’s health. It is a known allergen that causes respiratory ailments. Insurance companies will often attempt to deny mold damage claims by arguing that it is attributed to a water leak or a result of a poorly maintained home.
- Water damage claim – water leaks can be very destructive to the structure of a home. This type of damage is usually attributed to defective hoses and pipes. Insurance companies will usually cover damage caused by water that leaks into a home through its roof or windows. However, if the damage is attributed to a leaky pipe, your insurance probably won’t cover it.
No one can predict when a disaster will strike, hence the reason why business owners and homeowners are ill-prepared for them when they do. Nor can you predict when your homeowner’s insurance company is going to deny a damage claim. If you’ve recently had a claim denied, we can help you pursue compensation for your losses. Contact Korin Law P.A. today. With years of experience in helping homeowners deal with such issues, we have the skill and resources to help you get the right amount of claim.