In the Wake of Multiple Hurricanes, Homeowners Now Face Insurance Challenges

By: Neil O’Donnell

Florida has endured several horrific hurricanes this season, and people need their insurance companies now more than ever. However, according to the Wall Street Journal, “homeowners are rushing to file insurance claims [and] many of them will be left empty-handed.”

Why? 

Property insurers in recent years have “hollowed out coverage and sharply increased rates” to make up for losses driven by prior natural disasters. A public claims adjuster in Florida, Rick Tutwiler, said that “insurers have become significantly tougher around hurricane claims.” 

Property insurance carriers are now diminishing coverage, making terms harsher, and the threat of bad faith litigation against insurance carriers in Florida has been dramatically reduced by anti-consumer legislation. 

Insurers limit payments, then argue that damage was caused by floods where floods are not covered. All this in an era when property insurers have enjoyed great profits. 

What is a family to do? Protect yourself, your investment, and your home. Get a lawyer. Have the lawyer engage a public adjuster. And fight back.

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