As Hurricane Irene moves out of the United States, the storm leaves behind a trail of damage and destruction. Fallen trees caused damage to roofs, flying debris broke windows, and high waters flooded homes. As the cleanup begins, many homeowners are starting to wonder what – and how much – their insurance policies will cover.
While the majority of hurricane insurance policies cover many of the costs associated with hurricane damage, many homeowners may find themselves struggling with the insurance companies over claims. A recent article on msnbc.com reports that many insurance companies are taking steps to protect themselves – often at the expense of the policy holders.
“The insurance industry does not like to have to play claims. The idea is to make a profit, so they use many different ways to avoid having to pay claims,” says John Garamendi, California congressman and former insurance commissioner for that state. Although his constituents’ property perils tended more towards earthquakes and wildfires, the business practices are similar, he says.
The majority of hurricane insurance policies cover costs associated with the destruction that often accompanies the powerful storms, including property damage, structural damage, and relocation costs; unfortunately, profit-motivated insurance companies may act in bad faith and unreasonably delay or deny a claim, or underestimate its value – leaving the homeowner without any insurance money to help pay the bills.
If you find yourself struggling with an insurance company over your storm claim, a hurricane insurance lawyer may be able to help you fight the insurance company to obtain the money you need to make necessary repairs. For more information about your legal rights regarding a denied insurance claim, call 1-888-BURNETTI.