> How Long Does It Take To Resolve A Property Damage Claim In Florida? Is There A Time Limit For Insurance Companies?
How Long Does It Take To Resolve A Property Damage Claim In Florida? Is There A Time Limit For Insurance Companies?
Having been involved with thousands of claims over decades, we see the same things from insurance companies. They are overwhelmed with claims and have insufficient staff and adjusters to handle the claims. It’s incredible. They take your money every month, mandating you timely pay your premiums every month. Then, after you have honored all your promises, and you make a claim for property damages, most of the time they do everything but timely investigate and pay the claim. The law requires them to timely respond to you (often within 14 days), and they have specific time frames to investigate and timely pay ALL money owed to you. Failure to pay can result in them having to pay you double or triple the amount, plus all of your attorney’s fees and costs (you get a free lawyer) and may even result in them having to pay for stress and other emotional or extra-contractual damages.
Once your insurance provider receives your proof of loss list, which lists all your damaged property, they are required to begin a claim investigation within 10 days. The insurance company then has 90 days to inform you of your claim’s outcome and issue payment. In the many thousands of claims we have seen or handled, we RARELY see the insurance company timely paying all the amounts due and owing to you. That is why you need an experienced attorney or law firm to handle your claim. A group that has handled hundreds or thousands of claims to success. And it bears repeating, often you can secure a lawyer for free or for low cost since the insurance company is REQUIRED to pay all your reasonable attorney’s fees and costs incurred in having to successfully litigate your claim in court.
- What Is An EUO And Do I Have To Appear In Person?
- How Much Will Attorney’s Fees Cost?
- What If My Insurance Company Decides That My Home’s Damage Doesn’t Meet Coverage Requirements?
- What If I Don’t Have Insurance? Will The Federal Government Help Me?
- What Is Appraisal And Do I Have To Participate In It?
- What Does A Typical Insurance Policy Cover?