Homeowner Natural Disaster Claim Denials
Homeowners protect their residential property by paying for insurance policies designed to provide financial assistance in the face of a natural disaster. These policies give the property owners a feeling a peace and security, a safety blanket to provide the money needed to rebuild and repair. Homeowners research policies, choose the best coverage and pay premiums to stay protected.
Unfortunately, insurance companies aren’t always as advertised. The helping hand is quickly replaced with an all-business approach when you file a claim. Your policy is just another number to be manipulated for the companies monetary gain. Profit trumps claim payments, and homeowners are left dipping into their own savings when claims adjusters short or completely deny financial assistance.
Types of Homeowners Insurance
Homeowner insurance policies vary, but many of them cover these types of damage:
It is important to know the details of each policy and how your residential property is covered in a natural disaster. Many homeowners pick a policy based on price, choosing the most affordable option. Instead of choosing by price, make an educated choice. Take time to read the policy, ask questions and gain intimate knowledge of how the policy applies to your home.
Reasons for Claim Denials
Insurance companies that act in bad faith and deny natural disaster claims use many different reasons to keep from paying.
- Payment delays: Texas law is specific on the time frame for investigation and claim resolution
- Denying the connection between loss and the natural disaster
- Undervaluing the home and damage estimates
- Rejecting covered claims
Claims investigators will often assert that damage from a natural disaster was general wear and tear that occurred before the storm. In this scenario, the attorneys at Schechter, Shaffer and Harris know how to hold insurance companies to their policy obligations. We regularly review denied claims to analyze the tactics that insurance adjusters use to deny claims. When necessary, we will take your case to court to protect you and your property.
