How Long Do You Have to File Homeowners Insurance Claim
Homeowners insurance is insurance that covers damage to homes and garages, as well as liability coverage for injuries sustained on the property. Homeowners insurance may reimburse homeowners for the cost to replace or repair damages to the property or the actual cash value of the damaged property.
What Kinds of Damage are Covered by Homeowners Insurance Claims?
Property insurance policies cover many types of damage, according to Investopedia. While most cover damage caused by weather, including fire, smoke, hail, wind, snow, ice, and lightning, many policies also cover damage caused by burglary, vandalism, or other crimes.
However, some damages may not be covered. While many homeowners assume insurance policies will cover damage caused by hurricanes and floods, many policies exclude these events from their coverage.
Policies covering flood and hurricane damage are generally sold through the National Flood Insurance Program rather than through individual insurance companies. However, according to many policyholders who have filed a homeowners insurance claim in Florida, even people who have flood insurance often have these claims denied.
How Long Do You Have to File a Homeowners Insurance Claim in Florida?
Even if your property was damaged years ago, you may still qualify to seek compensation from your insurer. While laws regarding homeowners insurance claims differ from state to state, policyholders who have suffered property damage have four years from the incident date to file a homeowners claim in Florida.
Once the claim has been filed, Florida insurance companies have 14 days to acknowledge they have received it. At this point, the insurer must also provide information regarding any additional documentation or forms that are needed.
Homeowners may need to send in receipts showing the costs of repairs that have already been made, and photos or videos of the property damage. Homeowners may also find it helpful to make a list of all the damaged items and property.
Insurance companies must also decide whether to accept or reject a claim within 90 days of the claim being opened. After a decision has been made and a settlement has been decided, the insurer has 20 days to issue a payment.
Despite these regulations, many homeowners complain that insurance companies are reluctant to pay for property damage, the Tampa Bay Times reported. According to many consumers whose property has been damaged by floods or hurricanes, insurers are unresponsive, offer lowball settlement amounts, or are slow to send out payments.
What If My Homeowners Insurance Claim was Denied?
If your insurance company denies your homeowners' insurance claim in Florida, or if you have been underpaid, you may still have options to pursue compensation. Hiring a qualified attorney to review your case may be the first step toward receiving the compensation you are owed.
An experienced attorney may be able to negotiate with your insurance company on your behalf, help you to assemble the documentation required for your claim, and guide you through the legal process.
Florida Property Damage Insurance Claim Help
If you live in Florida and your home or business was damaged, enlisting the help of an experienced property damage attorney may make a difference in the outcome of your claim.
Learn more by filling out the form on this page for a free case evaluation by a Florida property damage lawyer.
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How Long Do You Have to File Homeowners Insurance Claim
Source: https://topclassactions.com/lawsuit-settlements/insurance/how-long-do-you-have-to-file-a-homeowners-claim-in-florida/
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