Dealing with insurance companies in Florida that deny or reduce your claim adds unnecessary stress when you're already seeking damages. The issue affects countless individuals attempting to recover from their losses each year.
Why Insurance Companies Deny or Reduce Claims
Several reasons lead insurance companies to deny or lower accident claims. These reasons include:
- Profits: Profit motives drive insurance companies to minimize claim payouts and maximize premium collections. They view each claim as a potential financial loss and employ strategies that seem unfair to deny your claim or settle for less than you deserve.
- Complicated Policies: Complex policies of legal terms hide the full extent of policyholders' rights and coverage. Insurance companies often exploit these complexities to deny claims based on technicalities or interpretations in their favor.
- Lack of Evidence: Some insurance companies deny a claim due to a lack of evidence, such as photographs of the damages, invoices, and other proof.
- Poor Information: Incorrect, missing, or incomplete information can cause an insurance company to deny a claim.
- Failure to Maintain the Property: Failure to take preventative measures when a storm approaches or perform regular maintenance beforehand can result in the denial of insurance claims.
- Pressure on the Insurance Policy Holder: Certain insurers use intimidation to push claimants into signing releases or outright denying valid claims.
