Frequently Asked Questions About Property Damage Claims
If your property has been damaged by a natural disaster or someone else’s negligence, you likely have a lot of questions. Although the situation may be overwhelming at first, a lawyer can answer your questions and advise on the next steps to take. Below, our Daytona Beach residential and commercial property damage lawyer answers the four most common questions about insurance claims.
Will My Insurance Company Cover My Losses?
Property damage that results from a natural disaster or an act of negligence may be covered by your policy. Whether your losses are covered is completely case-specific and dependent on the facts of the situation. For example, if your property sustained flood damage, you may not be covered. Most insurance policies do not cover damage resulting from floods. On the other hand, if you purchased additional insurance, which is recommended for people in flood zones, you can likely obtain the coverage you need.
What Rights Do I Have in a Property Damage Case?
You have many rights in a property damage case. First and foremost, you have the right to obtain the coverage you have paid for when an unexpected event causes damage to your property. If the insurance adjuster provides you with a settlement offer, you also have the right to reject it. Insurance companies often first offer low ball settlements in order to protect their revenue. If the insurance company refuses to offer a fair settlement, you also have the right to file a lawsuit against them to receive the full compensation you are entitled to.
How are Damages Calculated in a Property Loss Case?
The damages you receive in a property loss case will cover the cost of restoring the property to the condition it was in before the natural disaster or another person’s act of negligence. The total amount of damage can be calculated by estimators, adjusters, contractors, and other qualified professionals who can accurately estimate the amount of damage. If repairing the property costs more than what the property is worth, it may be considered a total loss.
What to Do if the Insurance Company Denies My Claim?
Contrary to what many people believe, you do have options if the insurance company has denied your claim. If the insurer had a valid reason to deny your claim, there may be steps you can take to reverse the denial. If the insurance company did not have a valid reason to deny your claim, you can file a bad faith lawsuit against them to receive the damages you need.
Our Residential and Commercial Property Damage Lawyer in Daytona Beach Can Answer Your Questions
If your property has been damaged, you likely have many questions. At Bundza & Rodriguez, our Daytona Beach residential and commercial property damage lawyer can answer them and guide you through the process so you obtain the full and fair coverage you deserve. Call or text us now at 386-252-5170 or chat with us online to book a free consultation with one of our experienced attorneys to learn more about how we can help.
Source:
leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0624/Sections/0624.155.html
