Florida is home to one of the country’s most volatile property insurance markets, as the insurance rates have almost doubled in the last five years. Although it has only 9% of all homeowners insurance claims nationwide, Florida’s share in property claim lawsuits is 79%. Whether you’re a homeowner or a business, property insurance claims in Florida are nothing new, as the State is highly susceptible to natural disasters.
However, do you think you should handle your property insurance claims? The answer is no, as it can result in several complexities that hurt your case. So let’s discuss all of them in detail.
A Lack of Experience
Homeowners and businesses don’t file property insurance claim daily, so it is understandable why they do not have any experience in this domain. The insurance process is complicated and involves consideration of multiple aspects which familiar people usually don’t understand.
For instance, the insurance policy by the State of Florida is lengthy, and everyone needs more time or energy to go through it and understand it.
Moreover, insurance companies in Florida have been facing massive losses in recent years to the point where many have declared bankruptcy. As a result, they might not be willing to compensate you quickly or to your desired extent. They might use industry jargon or ploys you need help understanding, leaving you in the middle.
So, hiring a qualified and experienced public adjuster who understands these complexities and can help you navigate the whole process smoothly is crucial.
Filing your claim on time can be the make or break factor in deciding whether you receive the compensation. Although Florida allows you four years to file your claim from the day of the incident, it shouldn’t make you lazy. The earlier you file your property insurance claim, the better your chances of preserving evidence and having the desired settlement.
Unfortunately, most homeowners and businesses need more expertise to prepare, evaluate, and file their claims on time, which can hurt their case. This problem can be overcome by hiring a competent public adjuster who thoroughly understands the policy, coverage, valuations, and more.
The insurer must check all details before determining whether your claim is valid. Therefore, you need extensive documentation to file your claim, which includes:
- Detailed building restoration estimates
- Property inventories
- Expected compensation
If your claim contains only some of these details, it might get delayed or even denied. You may not get the expected payment either. Therefore, it is very important to have an experienced public adjuster to do the documentation for you and ensure your claim is as robust as possible.
If you have reached this point, you know why handling your property insurance claim yourself isn’t a good idea. Filing a claim is a complicated process in itself, but when you’re dealing with property damages, it becomes even more overwhelming. Therefore, hiring a reputed insurance claims firm like Florida Claims Advisors is the right choice.
We are known for our deep and unwavering commitment to our clients, ensuring they get the best compensation. Our public adjusters have spent years in the field and are leading experts in property insurance claims. Registered under the Florida Licensed Insurance Public Adjusters W018988, we serve throughout Florida and have been doing so since 2009.
So, if you are also facing property insurance troubles, don’t hesitate to contact us today, and we’ll help you happily.