We all know far too well that insurance companies have a reputation for
being tighter with their money than Ebenezer Scrooge. Despite the general
rise in costs for insurance premiums, it is ironic how insurance providers
have a tendency to dig deep to find a reason to deny you the coverage
that you pay for. Below are some of the most common and creative ways
that insurance companies may attempt to delay or deny your claim.
1. They May Claim Negligence
Claims of homeowner negligence are used quite often as a means of denying
claims. Hypothetically speaking, let’s say that you had a termite
infestation in your home that you were meaning to have taken care of.
Before you get the chance, however, a hurricane sweeps through your area
and rips off a part of your roof. Despite the fact that the termites had
nothing to do with the gale-force winds that tore apart your home, an
insurance adjuster might find traces of termites and claim that there
was a pre-existing condition, resulting in a claim denial for negligence.
As ludicrous as this sounds, it is entirely a possibility.
2. Your Allotted Coverage is Exceeded
Insurance policies generally only cover liabilities up to a certain amount,
meaning that if your damage exceeds this threshold, your insurance company
may refuse to cover the difference or deny the claim entirely. For example,
if your policy states that it will only cover up to $2,000 worth of damage
to your collection of vintage guitars, but you claim $5,000 worth of damage,
your insurance company may deny your claim for exceeding your coverage.
3. Too Many Claims
Most commonly, denials result from submitting too many claims within a
certain timeframe. One of the key ways that insurance companies make money
is by betting on the likelihood that you will not have to use their service.
When they have to pay out too frequently, they incur losses. To combat
this, try not to submit claims for minor incidents that you have the ability
to pay for on your own. While incurring the cost yourself is less than
ideal, it is much better than being faced with a claim denial for a major
disaster for reasons of having too many claims.
Contact Dick Law Firm Today!
If your claim has been denied and you believe that it is for unjust reasons,
it is urgent that you
contact a Houston homeowner’s insurance attorney from Dick Law Firm to pursue the compensation you deserve. Our dedicated
and skilled attorneys have helped thousands of clients sue their insurance
providers for their unethical behavior, and we are confident in our ability
to improve your chances of securing a fair settlement. To get started
dial (844) HIRE-A-DICK or
request a free consultation today!