Nearly every homeowner will take out an insurance policy to protect their home, safeguard against structural damage and theft, and obtain a sense of security. When disaster strikes, homeowners insurance should allow you to reclaim your sense of stability, putting worries of money aside. However, countless homeowners are met with the devastating shock of denied claims after years of paying sizable premiums. Still others may be lulled into a false sense of security, believing they are covered for events which their insurance does not in fact protect against.
In Part I of this two part series, our Florida homeowners’ insurance claim denial lawyers will address 3 top things you should know about homeowners insurance. This list is intended to increase your awareness of your coverage and rights, and what to do in the event of an accident, disaster, theft, or more.
1. Understand what your insurance covers–all homeowners should thoroughly read their policy and speak to their insurance agent to gain a full understanding of what their insurance covers. Though policies will vary, a typical policy will pay for damage to your property and possessions in the event of fire, storms, theft, or vandalism. It also provides liability coverage if someone is hurt on your property. Your policy may also cover shelter costs, allowing you to avoid massive hotel bills in the event you are temporarily displaced from your home. Homeowners insurance can also protect items which you are traveling with, such as a lap top or camera.
2. Understand what your insurance does not cover–most standard insurance policies will exclude power failure, faulty zoning, earth movements, including earthquakes, landslides, and sinkholes, war, nuclear damage, government action, defective maintenance, bad workmanship, and flooding. In high risk areas like Florida, most policies will additionally exclude hurricanes. Windstorms may be covered. It is vital that you review your policy and gain a complete understanding as to what is not covered. You can purchase supplemental coverage, for flooding and hurricanes for instance.
3. Shop around–take your time and thoroughly research not just the best policy but the insurance agent as well. Often, you can find reviews of agents online or via personal recommendation. A trustworthy insurance agent can mean the difference between delayed or even denied benefits and easy, full coverage of damages. The bottom line–shop around for both policies and agents until you find the one you trust the most to handle your important insurance needs.
Greenberg Stone and Urbano: Miami Homeowners Insurance Lawyers of Prestige
A home is one of the most expensive purchases that a person can make. In addition to the fact that insurance is a required component of obtaining and keeping a home mortgage, it also is the safety net for any repairs or rebuilds that might be necessary after a devastating event. When a claim is denied, a homeowner may feel that he has nowhere to turn, but the skilled homeowners’ insurance attorneys at Greenberg Stone and Urbano have more than 120 years of combined experience in getting justice for homeowners. Our dedication to our clients has led to an “AV” rating from Martindale Hubbell, and it is why we have been asked to join Primerus, an international society of leading law firms. Moreover, the Miami Herald voted us as one of the top-rated South Florida law firm, and, we have earned the title of “Superlawyers,” designating us as being among the best lawyers in America. We want to put this dedication to work for you, so call us at (888) 499-9700 or (305) 595-2400 or visit our website to schedule an initial consultation.