You purchase insurance to protect your property from any damage. You don’t want to worry about your insurance company refusing your claim or being too difficult when something goes wrong.
Property insurance claim denials happen more often than you might think. These are some of the most common reasons that claims are denied.
Your Insurance Does Not Cover Damage
Property insurance does not cover all damages. Property insurance covers damage caused by lightning, wind, and fire. Some types of damage can be covered by an optional add-on that is not part of a standard insurance policy.
These are some of the most common add-ons:
- Flooding
- Sinkhole
- Earthquake
Your policy will not cover an event that damages your home. If it is not covered, it will deny coverage.
If your claim is denied, and you feel it should not have been denied, you need to contact an insurance attorney. A claim must be properly analyzed using the policy terms and applicable law. This will allow you to prove that it should be covered.
The Claim Was Not Filed in Time
Even though you might have every intention of filing your claim quickly, sometimes deadlines can slip through, especially when dealing with a catastrophe. If you do not file your claim in time, you could lose your property insurance claim.
The circumstances and terms of your policy will determine the deadlines for filing a claim. To ensure that you file your claim on time, it is important to understand the terms of your policy.
The Premium Wasn’t Paid
To ensure that your property is insured, make sure you pay your premiums on time. It’s also possible to damage your credit score by missing payments, so it is important to remember that.
It is not something that anyone wants, but sometimes property insurance claims are denied. Another reason is that you did not properly document the damage. This happens often to those who don’t have the experience of following claim filing regulations and properly documenting a claim.
This post was written by Kelly-Ann Jenkins of Jenkins Law P.L. Kelly-Ann is a St Pete car accident attorney. She focuses on personal injury, car accidents, and bicyclist injuries. The information on this site is not intended to and does not offer legal advice, legal recommendations, or legal representation on any matter. Hiring an attorney is an important decision, which should not be based on advertising. You need to consult an attorney for legal advice regarding your situation.
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