The Battle against Denied Insurance Claims
Homeowners and business owners alike have a responsibility to maintain the state of their property. As such, many purchase an insurance policy to protect their property against losses. When a natural disaster strikes, people depend on their insurance company to value a claim appropriately in order to pay for the damages that have resulted. Unfortunately, insurance companies will often attempt to underpay a claim or deny the claim altogether.
First party property insurance is meant to protect property owners when damages have compromised their homes or buildings. As a result, the insurance agencies have a duty to act in good faith when dealing with policyholders. However, insurers often attempt to make up reasons as to why they are not obligated to pay a claim. When an insurance company acts in bad faith, the claimant may sue them for the monetary value that should have originally been paid on the claim.
The following are some of the biggest battles that claimants must fight against insurance companies acting in bad faith:
Unfair insurance settlements
Distribution of insurance payments
Denied business property insurance claims
Denied homeowners insurance claims
Property depreciation disputes
Disputes about damaged contents
Those who have been unjustly denied after filing an insurance claim are advised to contact Arguello Law Firm by calling 1-800-25-STORM (1-800-257-8676) to learn more about your insurance policy claim and your legal options.
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