Contact a Fort Lauderdale Homeowners Insurance Lawyer Today If Your Home Suffered Property Damage
Homeowners in Fort Lauderdale face the constant risk of property damage from hurricanes and storms. Their homes are also in danger of the same perils as other homes around the country, such as fire, mold and theft. This makes it necessary for homeowners to have insurance coverage to compensate them for losses. The situation can also result in numerous coverage disputes between homeowners and their insurance carriers. When your insurance carrier fails to compensate you for property damage, you need a Fort Lauderdale homeowners insurance lawyer on your side. At the Maus Law Firm, our legal team can deal with your insurance company and take any legal steps necessary to enforce your rights.
How Do Home Insurers Give Policyholders the Runaround?
Unfortunately, there are numerous ways in which Fort Lauderdale home insurance companies give the runaround to policyholders. They can be generally grouped as follows: (1) denials of claims for covered damage, (2) delays in processing or paying claims and (3) low settlement offers for claims.
A common reason for homeowners insurance companies to deny claims is that the claimed damage is simply not covered under the policy. The policy will almost certainly contain an exclusions section, which will list damages that are specifically excluded from coverage. In the Fort Lauderdale area, flood damage and mudslides are commonly excluded and therefore not covered. However, an insurance attorney may be able to dispute the insurance company’s interpretation of the policy and facts.
The insurance company may also claim that no coverage was in effect, often because the policyholder did not pay their premiums. A carrier might also claim that the policy is void because the policyholder did not disclose material facts when applying for coverage. In either of these situations, the homeowner will need an attorney to assess the situation and attempt to successfully resolve the coverage dispute.
Insurance Company Delays
Another common tactic of insurance companies is to delay processing and payment of claims. However, a Fort Lauderdale homeowners insurance lawyer can prod the carrier to get the ball rolling. By taking over communications with the carrier and advocating on the policyholder’s behalf, the insurer may be prompted to speed up the process. Under Florida law and the terms of most policies, the policyholder is entitled to reasonable speed in the processing of their claim.
Low Settlement Offers
The carrier may also make a “lowball” settlement offer on the claim which severely undervalues the actual damage. Homeowners who do not know any better may be tempted to accept these low offers. This is where it is advisable to consult with a homeowners insurance lawyer who can evaluate the claimed damage and the offer. The attorney can also deal directly with the carrier on your behalf to negotiate any insurance payouts.
What Types of Property Damage Are Covered by Homeowners Insurance?
The following types of property damage are commonly covered under Florida homeowners insurance policies and predictably, there are often coverage disputes over these types of damage.
- Fire: Property coverage for fires includes both burned property and property that suffers fire-related damage, such as smoke and heat. Fire damage is generally covered, since it is one of the most common perils for homes.
- Storms: Storm coverage usually includes coverage for damage resulting from excessive wind, rain or storm surge.
- Mold: Coverage for mold or mildew is often excluded from coverage or there may be coverage limitations. Since mold commonly occurs after water damage, Fort Lauderdale homeowners need to be especially aware of this type of coverage. Contact our Fort Lauderdale homeowners insurance lawyer if you have any questions.
- Water Damage (Not Storm-Related): Water leaks and pipe breaks are two common causes of this type of property damage.
- Theft & Vandalism: Homeowners insurance policies in Florida generally cover both these risks. There is often a maximum amount the carrier will pay for personal belongings that are stolen or damaged.
What Coverage Should Be Included in My Florida Homeowners Insurance Policy?
Florida has eight types of homeowners insurance. They are:
- HO-1: This is the most basic insurance policy for homeowners. It generally only covers the perils specifically named in the policy. Examples of such perils include fire damage, hail damage and theft.
- HO-2: The HO-2 policy covers all the perils covered by an HO-1 policy, in addition to a few more risks. Common examples of these additional risks are electrical damage and heating damage. The HO-2 policy is known as a broad-form policy.
- HO-3: This is the most common type of coverage. An HO-3 policy provides very broad coverage and lists specific types of perils and damage that are excluded from coverage. The HO-3 policy is referred to as a “special form” policy.
- Other Types of Homeowners Insurance: Florida homeowners insurance carriers provide other types of coverage beyond the basic HO-1, HO-2 and HO-3 policies. An HO-4 renter’s insurance policy will cover personal belongings damaged in rented premises, as well as provide liability coverage. The HO-5 policy has broader coverage than the HO-3 policy, but is generally more expensive. The HO-6 condo insurance policy is similar to renters insurance, but it is for condominiums instead of rentals. HO-7 policies provide coverage for mobile homes and HO-8 policies are generally intended for older homes
Insurance Damage Repair in Florida
Most major Florida homeowner property damage insurance companies are now including a provision in their insurance policies that allows the insurance company to actually have the repairs performed, by their contractor. State Farm, Universal, Federated National, Tower Hill, Florida Peninsula and People’s Trust are just a few of the numerous Florida homeowner insurance companies that are now incorporating a “right to repair” clause into their policy.
The “right to repair” clause is similar to car insurance policies that set forth how and where a car can be fixed. The problem with the right to repair clause is that you, the homeowner or business owner, lose control over the repairs being made. The “right to repair” clause is just another example of how homeowner insurance policies are getting more and more complicated, and why it is best to find the best property damage attorney you can find to represent you in your claim.
Consult a Fort Lauderdale Homeowners Insurance Lawyer at the Maus Law Firm
If your homeowners insurance company is not fairly compensating you or handling your claim promptly, contact the Maus Law Firm to assert your rights and force the carrier to honor its obligations. Insurance policies and insurance law are both complex, so you need experienced counsel by your side. With over 130 jury trials under our belts and millions of dollars recovered for clients, we are well-equipped to serve you in your insurance dispute. For a consultation, contact the Maus Law Firm or call 855-999-5297 today and see how a Fort Lauderdale homeowners insurance lawyer can help you obtain the compensation you deserve.