Was your Hurricane Ike claim undervalued or underpaid?
When an insurance company offers a lower settlement on a Hurricane Ike claim than what is needed to repair or rebuild a policy holders insured property, they may be subject to Texas laws that protect the insured.
Most insurance companies are businesses whose main interest is to increase their profit margin. The less they pay out on Hurricane Ike claims, the better it is for their own financial well-being. It is also in their interest that you fail to prove your losses or fail to make your claim for all the coverage afforded under your insurance policy.
Do You Have a Homeowner Claim or Business Claim?
It is important that you take the time and effort to have your claim properly valued and that you understand what coverage your policy affords you:
- Homeowner claims typically involve a great deal of emotion, frustration, and inconveniences because of the nature of the claims and in some instances, displaced families.
- Business loss claims are inherently more complex and difficult than homeowner claims because they require licensed professionals such as accountants to quantify damages.
Have I Been Underpaid?
If you think you have been underpaid, you need to ask yourself these questions:
- Will not fully repairing devalue my home?
- Would an inspector find hidden damage?
- Are the repairs going to match the quality of work done to the rest of the house?
- Can I make all the repairs that are needed with the amount my insurance company has paid (or offered) me?
- Will I have to re-fix the damages in the future?
If you answered "yes" to any of these questions, your Hurricane Ike insurance claim has likely been underpaid. Contact the experienced Hurricane Ike Attorneys of The Mukerji Law Firm, P.C. at 888-890-7290 to discuss your legal rights in such a situation. We can also advise you about what you are entitled to under the law. Or you can complete our online form and an attorney will contact you promptly.
