A homeowners insurance policy is designed to protect the homeowner against damage to their property. This damage could be caused by a fire, wind, water or other natural causes. There are various categories of potential loss that can be insured against through a homeowners policy.
The insurance company has an obligation to honor the terms of the policy and you, as the homeowner, have legal rights. It is highly recommended that you read and understand your policy so that you understand what it covers.
An insurance company is legally required to act on a claim within a reasonable amount of time, and if your insurer has failed to do so, you may have recourse against the company. In other cases, the insurance company may try to minimize the amount of damage or downplay the cost of correcting the damage. For instance, in the case of water damage, an insurance adjuster may only take into account the surface problems which can easily be seen.
However, there may be significant damage that is less easily discovered. If you can see damage on a ceiling, for example, there may be a problem above the ceiling in the attic. Unhandled water intrusion can be the cause of mold as well.
A superficial examination can lead to an underestimation of the true cost of handling the damage. Insurance companies have a vested interest in keeping their costs as low as possible, but it is unethical for an insurance company to fall short of its responsibility to you, the insured. If your insurance provider is attempting to take advantage of you, do not wait to contact Wyly & Cook, PLLC to obtain experienced legal advocacy to help you seek fair compensation.
The insurance adjuster should take into account the true cost of correcting the damage included in your claim. Merely correcting the surface damage or the area that is easily visible in many cases can often lead to further problems later on. For example, a water leak that affects the floor cannot be corrected by only cleaning the carpet. The pad may also need to be replaced and there may be additional damage to the drywall at the lower portion of the wall and mold may have grown as a result.
These additional repairs will increase your costs considerably beyond the initial estimate. If insufficient estimates are hindering your ability to settle your claim, we can advocate on your behalf and challenge the insurance company.
Your insurance company may argue that your policy limits do not cover the full amount of your claim or they may assert that the specific type of damage sustained is not covered by your policy. The adjuster, who has been sent to estimate the cost of repairing the damage, may determine the estimated costs to be far lower than what is truly needed to correct the damages and losses.
If you believe your insurer is attempting to avoid paying out the full worth of your claim, it is important to obtain the representation of an experienced Houston insurance claim attorney. In addition to proudly representing the rights and interests of Texans, Attorney Brad Wyly is also licensed in New York, and can powerfully advocate for individuals and families have been damaged by storms.
Our firm can evaluate your situation and rights to create a proper claim, and we can powerfully advocate for your best interests. Contact us today for effective representation with your homeowners insurance claim!