Have you recently experienced flood damage?
When reviewing your insurance policy for information about potential water damage to your home or business, it’s crucial to understand that the coverage can vary depending on factors like the type of damage and how the water entered your property. Take the time to carefully review your insurance policy to fully grasp what it covers and what it doesn’t. After that, make sure to contact your insurance company to initiate the claims process proactively.
Swiftly addressing water damage is vital, as prolonged exposure can result in the development of mould, which can be notably problematic and costly to remediate. By implementing efficient drying and repair methodologies, it is feasible to mitigate the necessity for extensive structural replacement, potentially minimizing both inconvenience and expenses associated with property restoration.
The majority of insurance claims can usually be resolved without involving a lawyer or going to court. However, if you believe that your insurance company is treating you unfairly or has refused to pay out your claim, it may be worthwhile to seek legal help. Not all claim denials are legitimate, and we advocate for our clients in order to secure the coverage they deserve.
It’s important to note that insurance claims are subject to a time limit, known as a limitation period. This means that you must take legal action against the insurance company within a specific period in order to protect your right to receive payment. Most policies have a limitation period of one or two years. If a claim is not settled within this period, the insurer may choose not to honour it if legal action has not been initiated. Speaking with an experienced property insurance claim lawyer can help you understand your rights in these situations.
There are several reasons why an insurance company may deny a claim. Some examples include alleged misrepresentations on the insurance application or a change in risk during the policy period. A water damage claim may also be denied if it falls under an exclusion for coverage, such as certain types of water damage. Consulting with an experienced property insurance claim lawyer to understand insurance coverage, including underwriting and broker’s responsibilities, can help in challenging an unfair insurance denial.
If your property insurance claim has been denied and you have questions, don’t hesitate to get in touch with Singer Katz LLP for a free consultation. We understand that experiencing a major property loss due to water damage can be devastating, and dealing with an insurance company that denies your claim can be an overwhelming ordeal during an already challenging time. You can reach our team at 416 869-0789 or email us at info@singerkatz.com.
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