Insurance Firms and their Strategies for Avoiding Paying You Your Due

Insurance Firms and their Strategies for Avoiding Paying You Your Due

Jun 19

With winds raging to at least 74 mph or 119 kilometers per hour, these large, swirling storms called hurricanes are able to destroy or damage houses, buildings and trees or anything else that lie in their path. And with another active and rough hurricane season for 2013, the US faces another surge of destructive calamities, hopefully not as violent as the 2005 category 3 hurricane Katrina, though, one of the most destructive and deadliest Atlantic hurricanes of 2005, which claimed more than 1,500 lives and damaged between $81 and $108 billion worth of properties.

Your basement is the perfect place to keep you safe probably even during the deadliest hurricanes, but it is not big enough to contain all of your precious belongings and properties. Thus, no matter how much you want to save everything you have, many of your valued possessions will get damaged or destroyed – this is one horrid fact you will have to face and be prepared for.

Good thing, though, you can file for hurricane insurance claim from your insurance company and receive the amount that can help you start anew and replace some of the properties you have lost. In assessing damaged properties, insurance providers usually hire independent adjusting firms to do this job for them. With the adjuster new on the job, though, or by examining your property when the actual extent of damages are not really apparent yet, wrong estimations are, more often than not, made.

Those familiar with insurance laws, especially insurance claims attorneys, interpret these inaccurate estimations as just among the strategies employed by insurance companies to evade paying huge amounts to claimants, losing profits in the process. Besides undervaluing the amount of damaged and lost properties, other strategies they employ include delayed release of your benefits or complete rejection of the claims you file.

However complex insurance policies are there are lawyers who are fully familiar both with these policies’ stipulations and with insurance firms’ strategies, which will keep them from paying you the right amount. Losing what you worked so hard for is enough suffering from a destructive calamity; denying you of your rightful benefits would be like adding insult to injury. Get help from an insurance claims lawyer and aim to receive the benefits you legally deserve.

Making a Hurricane Insurance Claim Count

Making a Hurricane Insurance Claim Count

Jun 07

It seems that of recent history there have been quite a few devastating hurricanes to hit the US. A study by hurricane researcher and director of the Earth System Science Center at Pennsylvania State University, Michael Mann, together with colleagues and in tandem with the people at Woods Hole Oceanographic Institution appear to indicate that the intensity and frequency of hurricanes recently making landfall is unprecedented compared with up to a thousand years ago. More and more people all over the US find themselves engaged in the battle called the hurricane insurance claim.

It is no wonder. Insurance companies must be at their wit’s end trying to figure out how to get out of each hurricane insurance claim made to them in recent years; the payouts certainly mount up. In Texas alone, 5 hurricanes hit between 2003 and 2008. Hurricane Ike, which hit Texas, Louisiana and Massachusetts in 2008 caused damages to homes, businesses and infrastructures in excess of $27 Billion. A Saffir–Simpson hurricane scale (SSHS) category 3 hurricane named Rita hit Texas and Louisiana in 2005, cost the two states and its residents nearly $12 Billion in property and other damages. The mother of all hurricanes to date to make landfall in the US, of course, is Hurricane Katrina which devastated Louisiana, Mississippi, Alabama, and Southeastern Florida in 2005 as well, leaving 1,200 people dead and racking up damages of more $105 Billion.

The underwriters for homeowners’ insurance depend on the ignorance of policy holders to short-change them, even if the policy clearly includes payouts for a hurricane insurance claim. Most homeowner’s insurance policies cover damage to property caused by a hurricane except for flood damage, but states with a high risk of hurricane damage are more likely to require special coverage or high deductibles. Even then, it can be difficult to make a hurricane insurance claim. To make a hurricane insurance claim count the first time, retain the services of an experienced hurricane insurance claim lawyer in your state when the need arises. That way you can save yourself the stress and trouble of having your claim denied unjustifiably, or be fobbed off with an inadequate payout.