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Insurance claims in Florida

Published in 13 June, 2022

Having insurance is very important to financially protect residential and commercial properties from loss or damage.

In this article we will talk about residential and commercial property damage or casualty insurance claims in Florida.

Let’s get started!

What will you find here?

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What are insurance claims?
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What is the process for a claim?
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What to do if the insurance company denied my claim?
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How do I make sure that the insurance pays me what is fair?
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Why do insurance premiums or rates go up in Florida?
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Most common insurance claims in Florida
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Exclusions in insurance policies

What are insurance claims?

Insurance claims are requests made by policyholders to their insurance company. These requests are intended for the insured (policy holder) to receive compensation for a loss or incident that is covered by their insurance policy.

Insurance policies are contracts between an individual and an insurance company. In this contract, the “Insured” individual agrees to pay monthly installments or premiums in exchange for having financial coverage on their property.

What is the process for a claim?

Each insurance policy must contemplate the procedure to follow to report a loss or accident. But this can certainly vary for each insurance company and is often complicated, so if you have one you can consult a Let Us Claim public adjuster.

“At Let Us Claim we are trained to orient, guide and represent the policy holder during the claim process.”

The policyholder or their representative must contact the insurance company to report the claim.

The insurance company will assign an insurance adjuster to assess the loss or damage to your property. The decision making of this insurance adjuster is usually in favor of the insurance companies. They will evaluate, take evidence and investigate the causes of the damage or loss; Whether caused naturally, by negligence of the insured or by third parties.

After the evaluation of the insurance adjuster, the insurance company evaluates the causes of the damage and the coverages in your insurance policy. Because of this, you may receive compensation or a denial from the insurance company.

What to do if the insurance company denied my claim?

If you made a claim with the insurance company on your own and the insurance company sent you a denial letter for your claim, you can seek a second opinion. Let Us Claim Public Adjusters are a highly trained team to assess and reopen your claim.

How do I make sure that the insurance pays me what is fair?

By being represented by the public adjusters of Let Us Claim you can ensure that you will have a highly trained team and will fight for the highest possible compensation for your claim.

They will take care of evaluating your policy, inspecting and documenting the damage, making an estimate, contacting the insurance company and negotiating for fair compensation that covers the repair or replacement of the damage.

Why do insurance premiums or rates go up in Florida?

Insurance premiums or rates in Florida are on the rise, this can be caused by many factors.

Among them are:

– Natural events that cause an increase in the number of claims.

– Readjustments to rising property prices.

– Costs of construction materials, among others.

You also have to keep in mind that the premiums are related to the coverage of your insurance policy. Therefore, you should know that while your premium is cheaper, this will have more limitations and exclusions.

If you make a claim for damages or accidents caused by a natural event, this should not influence your insurance premium or rate, but equally if there is a general factor, the premiums of all the insured may rise.

Most common insurance claims in Florida

Insurance claims for roof damage are very common in Florida. This due to the bad weather that hits this area. Be it hail, gusts of wind, tornadoes, even hurricanes.

This roof damage can lead to other damage, such as roof leaks, causing water damage and mold.

Water damage insurance claims are also very common in Florida. These can be caused by broken pipes or plumbing. The most common places are the kitchen, the bathroom or the laundry room, even by the pipe of the air conditioners.

These types of damages are usually very serious and expensive, which is why it is advisable to have an insurance policy that covers all of your property in the event of an accident.

Exclusions in insurance policies

They are decisions corresponding to insurance companies, which exclude certain risks or can only exclude those risks when they occur under pre-established circumstances or conditions.

These exclusions indicate that the insurance will not apply coverage for damages mentioned therein or that have been caused by the conditions described above.

All insurance policies are unique, they may contain different characteristics and exclusions. This all depends on your area, type of home or business, date of construction, and many other factors.

REQUEST A FREE CONSULTATION!

Our Agents will give you advice.

¡We cover all of Florida!

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