Whether a disaster strikes your residential property or it sustains damage in another way, you might have to frequently deal with the insurance company. You may soon realize that the insurance company may not be as cooperative as you thought. Because theyre a business, they want to protect their bottom line, thereby potentially prompting them to offer you a lowball settlement.
Some of the most common issues people have with insurance companies include:
The insurance company states claimants underinsured and cannot receive the amount of money they need to make the repairs to their home.
The insurance company delays settling the claim. Everyone wants to get their homes fixed as soon as possible, especially after a disaster. Unfortunately, the insurance companys only worry is to pay what they are liable for while also saving as much money as possible.
The insurance company gives estimates substantially lower than what it would cost to make the repairs. This is why it is important to hire someone yourself to estimate the cost of the damage. Then, you could report that number to the insurance company and have more power during negotiations.
If you struggle with any of these issues with the insurance company, our attorneys can help. In addition, we can provide guidance for you, so you know what to do with each type of circumstance.