The Insurance Company Denied My Home Insurance Claim, Now What?
Consumers obtain homeowner’s insurance to protect themselves against unforeseeable events. While no one wants to deal with property damage caused by storms, natural disasters, or other factors, insurance provides a sense of security for homeowners - it helps them know they can pay for damages when they need it most.
Unfortunately, insurance companies are in business to protect their bottom line and collect premiums from policyholders. In their efforts to avoid paying out claims, insurance companies may violate their contractual obligation or infringe upon your right to be treated fairly by the businesses you pay for goods or services. This can be the case when an insurance company denies your claim.
Regardless of the reason an insurance company denied your claim, it’s important to know that you do have rights! If you believe your claim denial was without merit, here are some steps you can take:
- Determine what the issue is – Did the insurance company deny your homeowner’s insurance claim because they believe the problem was pre-existing or because the issue in question is not covered under you plan? When you know the reason for a denial, even if you believe it is wrong, you can be better prepared to challenge their stance. Review any letters you have received from adjusters regarding the denial and clarify if needed. Make sure to save all documents and communication with your insurance provider for later use.
- Know that insurance companies don’t want to pay – In some cases, the reason behind a denied claim is clear. In others, the issue can be a little more complicated. You should understand that insurance companies are businesses, and that if they find grey areas, they will likely deny a claim in order to protect their own pockets. You have every right to challenge their decisions.
- Know your options – Depending on the issues involved in your case, you may have options available. This may be as simple as providing the insurance company with necessary or additional information or documentation about the issue. In other situations, a denial may have been the result of an insurance company acting in bad faith. If so, you can file an insurance bad faith claim against the provider.
- Speak to an experienced lawyer – If your home insurance claim was denied for reasons that you do not agree with, you can speak with an experienced attorney from Denver Trial Lawyers ® to better understand the denial, your options, and whether we may be able to help you. Insurance companies are obligated to treat policyholders fairly and to promptly and properly handle their claims. When they fail to do so, they can be held accountable for their failures and liable for not only the claim you originally submitted, but also any damages you incurred as a result of the denial, including attorney fees.
There is no substitute to working with attorneys who are experienced in insurance law and know how insurance companies work. At Denver Trial Lawyers ®, our attorneys have recovered millions of dollars in compensation on behalf of clients by helping them level the playing field with insurance companies. With decades of combined experience, our attorneys are available to review your case and determine how we may be able to help you pursue the successful resolution you need. As seasoned litigators, our team is also prepared to take cases to trial, should the need arise.
Contact us today for a free consultation.