It is a financial benefit for insurance companies to delay your claim and try to wear you out. Many books have been written on this very topic.

Dealing with an insurance claim is a complicated process, that is often very time consuming. If you are like most people, this might be the first or second claim that you had in your whole life that deals with your largest asset, your home. Unless you are a full time claims professional or attorney, most people will not understand the legal terminology of their forty to fifty page insurance policy. Very few people have actually spent the time to even read such a voluminous document.

As a policy holder all you want is to get your home fixed and go on with your life. You want to get your home fixed now, without any delay. Yet that lack of patience is exactly why you might start to prematurely make repairs, which could cost you thousands of dollars?

Insurance companies rely on people being impatient. They know it works to the insurance companies’ financial advantage. In Florida, the insurance companies have 90 days to make you a settlement offer. It does not necessarily mean that it will be a good offer of settlement? Nor does it mean you have to accept this offer of settlement as being the full and final settlement of your property damage insurance claim.

According to ValuePenguin by Lendingtree. July 27, 2020

“What frustrates people most about about their insurer? 68% of complaints deal with filing a claim.
We looked at complaint data from the National Association of Insurance Commissioners to see what customers are saying about the 10 largest home and auto insurers in the country.”

See the articles key findings below:

Key findings:

• Consumers complain most frequently about how claims are handled. Across all insurers, 68% of all complaints were related to claims handling.
• The single biggest complaint consumers made was about unsatisfactory settlement offers — there were 890 such instances in 2019. The second-most common issue was claim delays, with 834 complaints.
• The most common issues varied by state: 100% of claims in Vermont were about claims, but 79% of complaints in Maryland were related to policy cost and cancellations.
• GEICO customers were most likely to complain about claims (53.6%), while Chubb customers were the least (38.6%).
• Nationwide had the most favorable Complaint Index rating for auto insurance, while Chubb did best for home insurance.

If you receive a low offer of settlement? It is important for you know that you do not have to accept this settlement as final!

Many Florida Insurance policies have a policy provision that allows the policy holder to dispute the settlement amount. With no attorney necessary!

The dispute process is called “Appraisal.” Appraisal allows the policyholder to get paid fairly and quickly without needing to expend the costs of hiring an attorney, or going to court!

If you think you were underpaid by your insurance company? Get a second opinion at no cost? Call Florida Insurance Claim Appraisal at 1-888-554-5012 to find out if you are eligible to go to appraisal under your insurance policy?