It may seem like an easy question for countless people in South Florida-especially when your home has experienced significant water damage, fire damage or you have been the victim of theft. But deciding whether to file a homeowner’s insurance claim is not always an easy decision. In some cases, it can come back to haunt the policyholder. Here is an interesting statistic. The average homeowner files an insurance claim once every ten years. Unfortunately, many insurance underwriters frown upon those who file claims more frequently. It can be very costly to the homeowner.
Does Pay High Premiums Equal Great Coverage?
Insurance companies are no different than most businesses. Their objective is to make money. However, they have a responsibility to help policyholders through difficult times–especially when their property has suffered catastrophic damage. But when it is time to collect their settlement, far too many homeowners are often short changed. Each insurance company has their own team of adjusters, whose job is to properly evaluate and assess property damage or loss. Unfortunately, there is no guarantee the insurance company will provide enough money to provide suitable compensation.
The Benefits of Hiring Your Own Public Adjuster
When it comes time to file an insurance claim, the majority of homeowners in Miami do not properly understand their rights. While insurance companies have their own team of adjusters, homeowners can also do the same. Hiring your own public adjuster is one of the best ways to ensure your home’s true value is properly evaluated. Most reputable public adjusters do not get paid unless the homeowner gets paid. Should there be any discrepancies, the public adjuster can assist the homeowner with filling out paperwork and communicating with the insurance company.
Get a Clue about CLUE
The people who run insurance companies are not dumb. They want to know as much as they can about their policyholders to determine the likelihood they will file a claim. To keep these intricate records, insurance companies use CLUE (Comprehensive Loss Underwriting Exchange), a database that keeps track of every claim filed by the homeowner. If a homeowner has never filed a claim, they have very little reason to be concerned. However, if you have filed several claims, it can raise a red flag among some insurance companies. In some cases, it can cause your insurance rates to rise dramatically.
A Miami Home Insurance Claims Lawyer Can Help
Regardless of how many insurance claims you have filed, homeowners should receive the proper compensation they deserve. Over the years, Miami insurance claims lawyer Jonathan Korin has successfully represented many homeowners recover the settlement needed to account for their damages and property loss. Whether your home has suffered wind storm damage, fire damage or water damage, the legal team at Korin Law, P.A. is committed to protecting the rights of homeowners. If you or someone you know has an underpaid or denied insurance claim, contact their Miami law office today and schedule a free initial consultation to discuss your case.