Florida homeowners are increasingly finding themselves stuck between a rock and a hard place when it comes to receiving their rightful insurance claim payouts. Per a recent article in the Miami Herald and data from the National Association of Insurance Commissioners, Floridians had the lowest chance in all 50 states of receiving payouts on their homeowner’s insurance claims in 2022 with more than a third of all claims going unpaid.
If you were on the fence about whether you need attorney representation for your property damage claim, this news may squarely convince you that you do.
What the Data Says About Florida Insurance Claims
According to Weiss Ratings, which used data from the National Association of Insurance Commissioners, Florida had the highest rate of unpaid homeowners insurance claims in the nation in 2022 with State Farm and Allstate subsidiaries topping the list.
This high rate of claim denials has a serious impact on homeowners and leaves many policyholders without compensation for their property damage. The possible reasons for claim denials are many, but insurance companies often argue that the unpaid or underpaid claims are due to non-covered damages or claims not meeting deductibles.
Misconceptions about policy coverage and poor transparency regarding claim data make it difficult for consumers to make informed decisions about insurance coverage in Florida. This can become even more problematic when homeowners discover their claim has been denied.
Contact Our Law Firm at Kandell, Kandell & Petrie for Help
While the insurance landscape in Florida continues to come under scrutiny, one thing is certain, if consumers want to stand a fighting chance of recovering their rightful claim amount after a damaging event, it’s more important than ever to partner with an insurance law attorney. Our legal team at Kandell, Kandell & Petrie has been helping homeowners with their hurricane and other property damage claims since 2004. We know that filing an insurance claim can be an overwhelming and burdensome process for homeowners. We’re here to relieve you of that task. If your property insurance claim was denied or underpaid, get in touch with our team today to speak to one of our claims advisors in Miami to discuss your case.
