Florida hurricane insurance claims are arguably one of the most complex in regards to the filing process.
This is because a hurricane consists of two distinct natural forces i.e. high-velocity winds and floods. Since the two natural forces are capable of causing damage, it sometimes becomes difficult to deduce the cause of the damage that triggers the filing of an insurance claim.
This problem became evident in the aftermath of Hurricane Katrina, for example. There are some important things you need to know about your insurance policy.
A basic hurricane insurance policy covers damage caused by the high-velocity winds and excludes damage resulting from the resultant floods.
Many homeowners have lost out on their compensation just because they filed a hurricane insurance claim instead of a flood claim.
Therefore, it’s recommended that you have both flood and hurricane insurance coverage. Furthermore, it’s advisable to consult a public adjuster on the difference between the two types of policies and whether your policy covers wind damage alone or both wind and flood damage.
Hurricane Andrew that hit Florida in 1992 left insurance companies counting the losses. The hurricane was by far the costliest in the history of the US.
In the aftermath of this event, insurance companies introduced hurricane deductibles. Today, these deductibles are applicable in over 19 states. In essence, a deductible is the amount of money you’ll have to pay prior to your insurer compensating you for the damages.
Hurricane deductibles are calculated using a percentage oriented system and so vary from one insurer to another. To get a better understanding of how hurricane deductibles work in relation to your policy, check the declarations page of the policy.
A hurricane has the potential to wipe out an entire town. In the aftermath of a hurricane you’ll be among hundreds of homeowners seeking to file an insurance claim.
Insurance companies know this. To avoid incurring heavy losses, insurance companies adopted the first come first serve principle when dealing with hurricane insurance claims.
That’s why it’s imperative that you file your insurance claim as fast and accurately as is humanly possible.
It’s important to note that insurance companies have different rules on the submission of various insurance claims. You should consult your insurer before starting the actual process of filing your claim.
We encourage you to contact us for further clarification about the specifics of your situation.
1st Response Public Adjusters have been serving Miami and other parts of Florida since 2006. We have the experience needed to make sure your claim is opened correctly, the scope of damage estimated properly and that you are treated fairly by the insurance adjuster.
If you're feeling stressed by the claims process and unsure about how to get the best settlement, then contact us for a free consultation. We’ll review your insurance policy and help you understand your rights.
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