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Homeowners Insurance
Our homeowners insurance lawyers assist homeowners when their homeowners insurance claim has been wrongfully denied. Our lawyers can also help homeowners insurance policy holders when their insurance company has unreasonably delayed paying a property damage claim.
Denials of homeowners claims can result in “insurance bad faith”. Bad faith insurance practices occur when the insurance company lacks a reasonable basis for claim denial. Because your homeowner’s insurance is a contract between the insurance company and you there is a very special relationship that exists with the insurance company. It requires them by Kentucky law to always act in the utmost good faith. The reason Kentucky enacted this law is simple. There is an unequal bargaining position when you have catastrophic damage to your business or home and the insurance company is the only one you can negotiate with.
They are holding the money and they know that you need the money so they cannot by law use that as leverage to save off what they actually owe.
Call us, or request a free claim evaluation today. We are here to help.
Frequently Asked Questions on Homeowners Insurance
- What Does a Homeowners Insurance Policy Cover?
- Is My Homeowners Insurance Company Acting in Bad Faith?
- What Types of Damages Am I Entitled to in a Homeowners Insurance Bad Faith Claim?
What Does a Homeowners Insurance Policy Cover?
Just because your homeowners insurance denied your claim for property damage, it does not mean that they have acted in bad faith. You should always request a free consultation from an experienced homeowners insurance bad faith lawyer.
In general, your insurance company may be acting in bad faith if:
- They unreasonably delay paying your claim or delay in responding to your calls, emails and other communication regarding a dispute.
- They refuse to pay a valid claim.
- They refuse to pay for a covered loss or property damage.
- They refuse to pay any part of a covered claim including personal property or damage to part of your home.
- They “low ball” your claim, only paying a fraction of what is fair market value.
- They change adjusters in the middle of an insurance claim that results in delay.
- They fail to pay where coverage was originally promised, or wrongful denial of insurance coverage.
- They set impossible conditions, which may include requiring you to have itemized receipts for every single item of lost or damaged personal property or requiring you to submit multiple types of “proof of loss,” such as numerous recorded statements or written proof of loss.
Is My Homeowners Insurance Company Acting in Bad Faith?
The ERISA law regulates insurance companies and employers as the administrators of your benefits plan. ERISA requires your plan administrators to do their jobs with the highest degree of responsibility. Generally, ERISA regulates such things as reporting and accountability, disclosures, procedural safeguards and financial interests of plan participants. An experienced life insurance attorney can explain ERISA regulations to you and discuss your options during a free case evaluation.
What Types of Damages Am I Entitled to in a Homeowners Insurance Bad Faith Claim?
If an insurance company has acted in bad faith on your homeowners insurance claim, an experienced bad faith lawyer can evaluate your case and tell you what monetary damages you are entitled to under your policy. But, generally, you are entitled to the benefits of the policy, any additional damages that you have suffered because of their bad faith and, in some cases, punitive damages to punish the insurance company.
Call us, or request a free claim evaluation today. We are here to help.
