Insurance coverage can be a blessing in times of emergency, but it can be a nightmare if it’s not properly purchased and maintained. There are a lot of challenges that can occur when it comes to insurance coverage, and it’s good to understand common pitfalls that people trip into when navigating the Florida property insurance landscape.

Below are some of the most common pitfalls, along with information about how to properly file a claim and what options are available should your insurance provider decide to deny your claim in bad faith.

Common Pitfalls

There are some common pitfalls that people fall into when it comes to purchasing their insurance and updating it. Below are some common insurance coverage pitfalls…

Underestimating Replacement Costs

It’s extremely important to fully understand the value of your property and what it may cost to repair it before purchasing insurance. A better understanding helps you to avoid purchasing insurance that has too much or too little coverage.

Not Documenting Your Belongings

It’s extremely important to document your belongings before an accident happens. This means making a thorough list of your valuables and taking both photos and videos of your home. This way, if an accident should occur, you have a before-and-after ready, along with a list of valuables that may have been damaged or stolen.  

Not Reviewing Your Needs Annually

Over time, you may add to your home or purchase new, valuable items (like jewelry or paintings). If this is the case, you may need to consider your coverage and whether it needs to be updated.

If you, for instance, added a new room to your house, your coverage may no longer be what it needs to be. The same is the case in a situation in which you purchased something valuable that needs to be covered by your insurance in case of theft.

Each year take a moment to consider changes to your property and whether or not you need to update your property insurance to reflect those changes.  

Steps to Take in Case of Property Damage

Should property damage occur, there are a few steps you’ll want to take. The first is to list and document any damage to your property. This includes a written list, videos, and photos. When you file your claim, make sure you do so on time and properly.

If you are concerned about filing your claim properly, consider reaching out to Colucci Law Group for support with filing your insurance claim. We’ll help you to get the best payout possible.

What Do I Do if My Insurance Provider Tries to Deny My Claim in Bad Faith?

If you have a legitimate insurance claim and you file both properly and on time, your insurance provider owes you compensation. If they decide to deny your claim in bad faith, reach out to Colucci Law Group for support.

Colucci Law Group consists of legal experts who provide clients with support to fight bad faith claim denials. We will provide you with an outstanding property insurance lawyer to represent you in a suit against your insurance provider. We are also able to file your claim for you and defend your rights, so you get the settlement that you deserve.

For more information about our property insurance legal services, reach out today. We’d be happy to help you to file your claim or represent you in a lawsuit against your insurance provider.

If you suspect that you are the victim of a bad-faith insurance claim denial, we can help. The Colucci Law Group has the resources to assess the validity of your claim at no cost to you. For a free consultation, email us or call our Dunedin office at 727-733-9438. You may also call our Fort Myers office at 239-378-7800. Our team assists victims of bad-faith insurance claims across the state of Florida.