Many homeowners rely on the representations of insurance agents when deciding what policy coverage is necessary for a particular property. These agents often are motivated by the fees that they receive for selling the various policies and many do not satisfy the standard of care for providing accurate information to the prospective insurance purchasers. Many times, the property owner does not receive the coverage that he or she expects.
Homeowners often believe that they have extensive and appropriate coverage until there is a loss event and they are told that there is no coverage for certain types of damage. When a homeowner has relied on the representations of an insurance agent in good faith and faces a claim denial, the skilled and dedicated Miami homeowners’ insurance attorneys at Greenberg Stone and Urbano will put their 130 years of collective experience to work to get the homeowner the results that he deserves.
When an insurance agent has breached his duty of care, there are potential legal remedies. This is particularly true where there is evidence that a homeowner was requesting specific types of coverage and the agent assured the person that the policy provided that coverage. The various types of negligent actions might include:
• The insurance agent failed to communicate with the homeowner about the necessary or required coverage for a specific type of property;
• The insurance agent failed to advise the homeowner about the various limitations in the policy and the possible solutions that could fill the gaps;
• The insurance agent failed to communicate with the homeowner about necessary revisions or updates to the policy to account for changes in circumstances;
• The insurance agent fraudulently received the premiums, but did not pass the money along to the insurance company, so there was a lapse in the coverage;
• The insurance agent failed to ensure that the company providing the coverage was financially viable and there was a loss of coverage due to the financial collapse of the insurance provider;
• The insurance agent did not alert the homeowner about the fact that an insurance policy was being cancelled or would not be renewed;
• The insurance agent relied on other individuals to manage the sale of insurance policies without performing adequate background checks on the people;
• The insurance agent issued inaccurate Certificate of Insurance; or • The insurance agent engaged in bad faith actions.
Although there are legal remedies against the insurance agent, this relief depends on the nature of the relationship. A homeowner must have developed a relationship with the agent that extends beyond the simple act of selling an insurance policy. This relationship must be premised on some type of promise to engage in actions that go beyond the issuance of the policy, which might be a promise to continue to monitor the insurance needs of the homeowner in order to recommend modifications to the policy cover or to ensure that the policy is renewed on a regular basis. Experienced homeowners’ insurance attorneys understand how to analyze the evidence of the relationship between the homeowner and the agent in order to determine if it is possible to commence legal action against the agent, which could result in the funds necessary to make repairs that were not covered by the policy.
Greenberg Stone and Urbano Establishes Liability for Agent Wrongdoing
When a homeowner has a claim denial that leads to significant loss, there are potential legal remedies. The South Florida homeowners’ insurance law firm of Greenberg Stone and Urbano has the knowledge and sophistication to uncover various avenues of legal relief for homeowners who have suffered loss as a result of an agent’s negligence. Our peers have rated us with an “AV” from Martindale Hubbell, which is the highest peer rating that a firm can receive. Our firm also was voted one of South Florida’s top-rated law firms by the Miami Herald. Call us at (888) 499-9700 or (305) 595-2400 or visit our website to schedule an initial appointment so that we can learn about your case.