Denied Property Insurance Claims for Vacant Land in Fort Lauderdale
Many investors believe that vacant land is a smart choice in Florida. Although there might not be any structures on the land, you might still have obtained insurance. Perhaps you were worried about someone slipping and falling on the property, or maybe you wanted to protect valuable natural features like rare trees. Whatever the case may be, insurance claims in Fort Lauderdale can be challenging in this situation. How should you proceed?
Many Denied Property Insurance Claims Regarding Vacant Land Revolve Around Liability
Many denied property insurance claims regarding vacant land revolve around liability. In other words, you are likely to face a situation where someone becomes injured on your vacant land. Normally, a property owner should not be liable for injuries in this situation. Since the land is vacant and not in use, no one should set foot on it. If they do, this will likely be a clear example of trespassing, and you should not be liable for those who trespass on your property.
That being said, there are a few exceptions to this general rule. First, you might face an injury lawsuit if there is something dangerous on your land and you fail to warn the public about it. You might also face a lawsuit if you fail to install a proper fence around a hazardous area. Finally, you could potentially face an injury lawsuit if you become aware of trespassers on your land but fail to do anything about it. For example, a group of people might regularly ride their ATVs through the property. If you allow these trespassers and one of them suffers a catastrophic accident, you could be liable.
How to Appeal a Denied Vacant Land Insurance Claim in Florida
Generally speaking, a property insurance claim appeal starts with an internal process. Speak with your insurer and determine their specific policies and steps for appealing a denied claim. A property insurance lawyer may be able to help you navigate this internal appeals process.
If the internal appeals process is unsuccessful, you can take it one step further and assess a potential property insurance lawsuit with help from an attorney. Keep in mind that a mandatory arbitration process may be necessary as a result of your policy. Your lawyer can help you navigate this arbitration process.
It is theoretically possible to take a denied property insurance claim all the way to the highest courts if necessary.
Contact Our Fort Lauderdale Property Insurance Lawyers Today
At Geyer Fuxa Tyler, our legal team is made up of a diverse combination of attorneys who are well-positioned to protect the legal rights and financial interests of policyholders. If your property insurance claim was denied, we can help. For a free consultation, please call us today at (954) 990-5251. With an office in Sunrise, we represent policyholders in Broward County and throughout the state of Florida.
Source:
markets.businessinsider.com/news/stocks/land-for-cash-money-announces-official-nationwide-expansion-amid-rising-demand-for-direct-vacant-land-sales-1035672293