Property damage involves any damage done to physical property through an act of nature, willful destruction, or another person’s negligence. Property damage may involve any damage to a vehicle, tree, home, fence, or any other physical property. When you purchase property insurance, you buy a policy that will protect you from financial loss if your property is damaged or stolen. That means the insurance company reimburses you for the loss you have been exposed to, depending on the terms of your policy. Unfortunately, sometimes making a claim with your insurance company may not be easy. To ensure you get your settlement, you will have to work with property insurance claim attorneys.
Property Insurance
Property insurance covers quite a number of things. It can be included in homeowner’s insurance, business insurance, renters’ insurance, earthquake insurance, and flood insurance. It also provides coverage of losses like theft and vandalism. Generally, property insurance comes in handy when your property is damaged, and you can no longer use it. This can be your home, business, car, etc. The insurance company has to reimburse you for that loss of use. However, if you suffer such a loss and the insurance company refuses your claim or wants to pay you less than you deserve, it is time to work with a property damage attorney.
Common Types of Property Damage
You invest a lot of time, work, and money in your property, and when something happens to it, you will obviously be devastated. It is even worse when the insurance company you depend on treats you unfairly. If you believe that your insurance company is in violation of the agreement you had, property damage lawyers can help you get the compensation you deserve.
Here are the common insurance violations that people experience:
- Not paying you for a filed claim
- Delaying in paying claims
- Acting in bad faith, such as willfully or unreasonably denying you benefits under a valid insurance policy.
If you experience any of the mentioned scenarios, it is better to work with skilled lawyers for property damage. This helps increase your chances of a favorable outcome.
How an Attorney Can Help
When you buy insurance, whether for your business or home, it is because you do not want to make a financial loss. You should note that your insurance policy should protect you from certain losses like property damage, theft, vandalism, lawsuits, and lost income. For instance, if one of your employees is working at a client’s home and they damage property by accident, according to the terms of the insurance policy, your insurance should pay for the damaged property. If you file a claim and the insurance company refuses to pay you, consulting with premises liability lawyers can help your case.
Another way an attorney can help you is if you suffer water damage, whether at your home or business, due to someone else’s negligence. Property water damage lawyers know the specifics regarding such matters and can help you get your settlement. They will review your homeowners or business insurance policy and understand the terms of your coverage. They can also help you negotiate with the insurance company so that you get a worthy settlement. In certain circumstances, like a lawsuit, then the attorney will represent you in court. You are likely to get a positive outcome if you work with an experienced property damage attorney.
Sometimes, dealing with an insurance company after a loss is not easy. That is why, if you feel they are being unfair, you should immediately start looking up Rhode Island property damage attorneys. Insurance violations can happen to anyone, and here at PALUMBO LAW, we are ready to help you out. We have a team of experienced attorneys that will help you get the settlement you deserve. Give us a call today.