You have suffered a major loss from a disaster, theft, or fire. Fortunately, your home is insured. However, you are not certain about your rights, and you are worried (justifiably so) about trusting your home insurance company. After all, your financial interest and the insurance company’s are in a perpetual conflict. You need to remember this: An insurance claim is a business negotiation, period.
Here are three reasons why you need to have an insurance attorney’s assistance when dealing with a home insurance claim.
1. To speed up the process
Insurance companies may deliberately go slow on processing your claim so you can run out of patience and accept a lowball-settlement amount or give up on your claim altogether. A skilled insurance lawyer can deploy countermeasures like a threat of litigation to get your insurance company in gear.
2. To help negotiate a settlement
As already mentioned, an insurance claim is a business negotiation. And the success of this negotiation depends on the skills you bring to the table. It is not uncommon for the insurance company to push for a lowball settlement when you file your claim. A skilled home insurance attorney can act on your behalf and ensure you do not get short-changed by your insurer.
3. To file an appeal in case of a denial
The insurance company might wrongfully decline your insurance claim. However, a skilled insurance attorney can step in and challenge the refusal with a well-documented appeal. They can also sue the insurance company if bad faith was used against your claim.
Most insurance companies do not expect you to know everything about the home insurance claim process. Please continue to check out our website to learn more about your legal options.