WHAT YOU SHOULD KNOW ABOUT INSURANCE AGENT AND BROKER CLAIMS
When insurance agents or brokers make mistakes, policyholders can suffer severe financial consequences. As licensed professionals, agents and brokers have a responsibility to protect their clients from potential risks and liabilities. Policyholders depend on insurance professionals to secure the appropriate coverage for their assets and businesses.
WHAT IS AN INSURANCE AGENT OR BROKER CLAIM
In Florida, policyholders may make a claim for negligence, breach of contract, breach of fiduciary duty, and misrepresentation if they suffer losses due to insufficient or non-existent coverage. Florida law requires insurance brokers to display reasonable skill, care, and diligence when procuring insurance for their clients. Should they fail, they may face liability for negligently failing to obtain coverage specifically requested or clearly needed.
Insurance agents in Florida owe several duties to the insured. Pursuant Florida case law, insurance agents should:
- Exercise reasonable care in securing insurance coverage that the client has specifically requested, and notify the client as to any issues regarding its availability.
- Properly consider the explicitly defined needs of the client when obtaining insurance coverage.
- Inform and explain the coverage that has been secured at the client’s direction.
HOW CAN MURRAY LAW GROUP HELP?
The legal team at Murray Law Group is well-equipped to represent both corporate and individual policyholders in insurance agent and broker claims. Our skilled insurance claim lawyers have a track record of achieving favorable outcomes in both straightforward and complex cases against insurance agents and brokers. We handle negligence claims associated with various insurance policies over the years.
Our attorneys specialize in identifying instances of improper conduct by agents and brokers swiftly and accurately. Whether the agent or broker failed to procure suitable insurance coverage or neglected the required tasks for maintaining your policy, Murray Law Group can explore all legal avenues available to you.
Creating Positive Outcomes
INSURANCE AGENT BROKER CLAIM FAQS
Despite accepting premiums and issuing policies, it is not uncommon for insurance companies in Florida to deny coverage for claims. There are different reasons an insurance company may give for denying your claim, some may be valid while others are not. An insurance company may be engaging in bad faith insurance practices when denying valid claims — especially if they are denying claims in an effort to increase profits to the detriment of their policyholders.
Below is a list of reasons your insurance company may give you for denying your claim:
- The claim was not filed timely
- Lack of property insurance levels
- Insufficient evidence to support payments
- Lack of documentation provided
- Policy exclusions limit coverage
- Unpaid policy premiums
Although you may not have the ability to stop an insurance company from denying your claim outright, you can take steps to minimize the chances of a claim denial if you do the following:
- File a claim right after the incident
- Request a copy of your policy
- Comply with the duties after loss section of the policy
- Provide the documents and records requested
- Take steps to protect the property and mitigate damage
- Pay your premiums on time
- Keep records of all repair costs and expenses incurred
- Know what your policy covers and excludes
- Engage professionals to represent your interests
Several factors are essential in selecting an insurance claim attorney. When choosing an attorney, you should hire someone who has experience and a good reputation in the legal community. Review online reviews to see what other clients are saying about the attorney’s services. You should consider the experience and expertise of the attorney handling the claim and how many trials and/or arbitrations the attorney has handled. All these factors are crucial to consider when hiring an attorney. Choose an attorney after careful consideration and after speaking with the actual attorney who will be assisting you.
Murray Law Group attorneys work most insurance claim cases on a contingency fee basis. This means there is no payment owed for attorney’s fees or costs to you unless we win your case. We will hire industry experts and engage the professionals necessary to build the most convincing case for you. Murray Law Group understands that in-depth expert analyses can make or break your insurance claim and that is why we work with the best in the industry.
CONTACT MURRAY LAW GROUP TODAY FOR A FREE CONSULTATION
Connect with us today for a free detailed assessment of any issues with your insurance agent or broker. Our insurance claim attorneys are committed to providing the highest level of legal representation in ensuring your rights are protected. Contact Murray Law Group at 1-855-269-4317 for a complimentary consultation, and let us guide you through the complexities of insurance agent and broker malpractice cases.