FLOOD INSURANCE CLAIMS

One indicator of an underpaid claim is if the settlement offered by the insurance company does not cover all the damages or repair costs you've incurred. This can often happen if the adjuster's estimate differs from contractor estimates or if certain damages are overlooked. If you’re unsure, consulting a flood insurance attorney can help review your policy and the settlement to determine whether the payment is fair.

The timeline for processing a flood insurance claim can vary depending on the complexity of the damage and the responsiveness of your insurer. Typically, insurers must send an adjuster to assess the damage within days of reporting, but the entire process, from filing to receiving payment, can take several weeks or even months. Keeping thorough documentation and following up regularly can help speed up the process.

No, flood damage is generally not covered under standard homeowners insurance policies. You need separate flood insurance, usually obtained through the National Flood Insurance Program (NFIP) or private insurers. If you’re unsure whether you have flood coverage, reviewing your policy or consulting with a flood insurance attorney can provide clarity.

Flood insurance typically covers structural damage to your home, including the foundation, walls, and flooring, as well as electrical and plumbing systems. It may also cover personal property like furniture, appliances, and clothing, though coverage limits can vary. Additional coverage for expensive items or business-related property may need to be purchased separately.

Filing a claim immediately after a flood is crucial, as there are strict deadlines for reporting damage. However, if the damage is recent and you are within the policy’s specified reporting period (often 60 days for submitting a Proof of Loss), you can still file a claim. If you've missed the deadline, contact an attorney to explore your options.

If your claim exceeds your policy limits, you may be responsible for covering the remaining repair costs out-of-pocket. This is why it's essential to review your coverage before a disaster strikes. In some cases, legal recourse may be available if you believe your insurance company improperly valued the damage. Consulting an attorney can help you explore other potential recovery options.

Before a flood occurs, review your insurance policy to understand what is covered. Document your property and possessions with photographs or videos and store these records in a safe, accessible place. It’s also helpful to keep receipts for significant purchases and be familiar with your insurance company’s claim process. Having a plan in place can streamline the process should you need to file a claim.

If you're facing delays, denial, or underpayment of your flood insurance claim, it’s time to consult an attorney. The claims process can be complex, and insurance companies may not always act in your best interest. An experienced flood insurance attorney at Murray Law Group can review your case, advocate for your rights, and help you secure the compensation you deserve. Contact us today for a consultation, and let us handle the legal challenges while you focus on rebuilding.