Nearly 200,000 Hurricane Ian Claims Closed Without Payment

Nearly one year ago, Hurricane Ian made landfall on Florida’s Gulf Coast. With heavy rains and winds up to 150 miles per hour, it was one of the most powerful storms to ever hit the United States. The storm cost $12.6 billion in insured losses and left 2.6 million Floridians without power. During the aftermath, homeowners at least had the reassurance that they had purchased insurance, and that the coverage would be there to help in their time of need.

Now, though, Commissioner Michael Yaworsky has indicated that nearly 200,000 insurance claims filed after the hurricane were closed without any payment. Below, our Daytona Beach hurricane insurance claims lawyer explores the issue further.

Why Were So Many Hurricane Ian Claims Denied? 

To be exact, there were 190,000 insurance claims closed without payment after Hurricane Ian. To put that in perspective, that is three out of every ten claims. This has left a significant number of Floridians impacted by the hurricane without any financial assistance at a time when they need it the most.

Insurance companies have given many reasons for the non-payment. They include claims withdrawn by policyholders, damage amounts that were below the deductible, and even assertions that there was no damage. Insurance brokers have also stated that homeowners insurance does not cover flood damage or water rising from the ground, although it does cover wind damage and water that enters a home from the ceiling down.

Recourse for Closed Insurance Claims Without Payment 

If you have been denied coverage after Hurricane Ian damaged your property,  it is important to know that you do have some recourse. You can exercise your right to file a supplemental claim or you can reopen your claim. When exercising these rights, it is critical that you act right away, as there may be time limitations. If you are unsatisfied with the manner in which the insurance company has handled your claim, you can also file a complaint with the state.

It is important to understand your policy and the coverage it provides, as well as your options for reopening claims and filing complaints. A Daytona Beach hurricane insurance claims lawyer can help you understand these options.

Regulatory Measures Regarding These Claims 

The Florida Office of Insurance Regulation is currently reviewing the date and will conduct an investigation for the reasons behind the denial of so many claims. Senate Bill 7052 has also been signed and enacted to reinforce protections for consumers and strengthen the regulatory authority of the Office. The law is intended to support policyholders in Florida after any natural disaster and to make sure insurers operate within the parameters of the law.

Our Hurricane Insurance Claims Lawyers in Daytona Beach Can Help You Fight Back 

At Bundza & Rodriguez, our Daytona Beach hurricane insurance claims lawyers have seen far too many legitimate claims denied. We also have the necessary experience to communicate with your insurer on your behalf 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 and to learn more about how we can assist with your case.

Source:

flsenate.gov/Session/Bill/2023/7052/ByCategory

cbsnews.com/miami/news/citizens-insurance-policies-could-soon-be-on-the-move/