Can a Property Insurance Lawyer Help After a Hurricane in Florida?

Although hurricanes and major storms are nothing new in Florida, Fort Lauderdale has been hit hard in recent months. This has caused a surge of property insurance claims across the Sunshine State – raising fresh questions about the viability of the property insurance industry as a whole. If you’re having trouble with a property insurance claim after Milton or Helene, you’re not alone. Here’s how a Fort Lauderdale property insurance lawyer could help:

Understand Why Property Insurance Claims Are So Challenging Right Now 

First, a property insurance lawyer can provide you with real updates and information about the status of the insurance industry. This may provide some background knowledge that helps you proceed with greater confidence. The largest private floor insurer recently published a report on the impact of Helene and Milton, and the numbers are not exactly encouraging.

There are tens of thousands of outstanding claims filed through the National Flood Insurance Program (NFIP). This program could eventually pay out up to $7 billion, according to the recent report.  In terms of private flood insurance, total claims could represent over $500 million in losses.

While these numbers might seem shocking, they at least show that the insurance industry is expecting to pay out countless claims. The real trick is making sure your claim is approved – and this is when a property insurance lawyer becomes useful.

A Lawyer Can Help You Understand Your Policy Details 

By law, insurance policies should be easy to understand for the average person. However, this is not always the case – and you may have trouble getting through the “fine print” of your home insurance policy. A lawyer can help you review the details of your policy, and this could help you determine how much compensation you are eligible to receive.

An important note (and one that most Florida residents are probably aware of) is the fact that normal home insurance policies do not cover flood damage. Additional insurance is required if you want to protect your home against flood damage, and one of the most important steps during this process is to confirm whether or not you have this coverage.

Appealing Denied Claims 

If your claim is denied, a property insurance lawyer can help you appeal the decision effectively. With the right approach, this could force insurers to hand over the compensation you rightfully deserve. That being said, lawyers can also help you mitigate the chances of a denied claim by helping you document damage and file error-free applications.

 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.

Sources: 

insurancebusinessmag.com/us/news/catastrophe/hurricanes-helene-milton-drive-nfip-loss-ratio-over-200-for-2024–neptune-flood-513954.aspx

newsweek.com/florida-hurricane-milton-helene-insurance-claims-1989469