Flood insurance is a separate type of coverage that is not included in a standard homeowner’s insurance policy. In order to receive coverage for flood damage, a homeowner is required to purchase this additional type of insurance. In a typical flood insurance policy, a homeowner would receive coverage for “direct physical losses by flood and losses resulting from flood-related erosion caused by heavy or prolonged rain, coastal storm surge, blocked storm drainage systems, or similar cases,” according to the Insurance Information Institute.
Although flooding is often caused by natural disasters and storms, there are other incidents that can lead to a property flooding. Some of these include:
- Broken pipes
- Poor drainage
- Defective appliances (e.g. washing machine, dishwasher, water heater, etc.)
- Clogged drains
After a homeowner experiences a flood, they should file a claim with their insurer immediately so repairs can begin. It is imperative for a homeowner to have the necessary repairs performed as just one inch of water can lead to $25,000 worth of damage, according to the National Flood Insurance Program.
What happens if an insurer denies a flood damage claim?
Unfortunately, this happens often as flood damage is costly for insurance carriers to cover. However, if a homeowner is properly insured, they should discuss with their adjuster the reason behind the denial. Insurance companies are required to produce a valid reason(s) for why it denied a property owner’s flood damage claim. Although there are plenty of valid reasons for why an insurer will deny a flood damage claim, if a homeowner believes their claim was wrongfully denied, they might have a case against their insurer.
What if an insurer’s estimate seems too low?
This is yet another issue many Floridians run into after they have filed a flood damage claim. When a flood damage claim is valid and an insurer has to pay, the adjuster may offer the homeowner less than what they are entitled to. When this happens, it is best for a homeowner to discuss the issue with a Tampa, FL insurance claims attorney.
Shochet Law Group in Tampa Can Assist a Florida Homeowner Whose Flood Damage Claim was Denied
When a homeowner has had their flood damage claim denied and they are unable to afford to get their flood damage repaired to prevent further damage, they should contact a Tampa, FL insurance claim denial lawyerimmediately. There are many laws that govern the insurance industry and if a company violated one of the laws by mishandling a flood damage claim, they should be recognized for this. If a homeowner would like to discuss their denied flood insurance claim with an experienced Tampa, FL insurance claims denial attorney, contact Shochet Law Group.
Shochet Law Group can be reached at:
409 N. Main Street
Trenton, FL 32693