Business owners have to protect their business assets against many different kinds of risk, from employment issues to inventory maintenance. In Central Florida, weather damage is a significant risk for businesses that operate “brick and mortar” locations. Wind, rain, hail, and hurricanes do not discriminate between homes, offices, retail locations, warehouses, and other buildings. This is why commercial property insurance is so important for business owners. Insurance is supposed to provide peace of mind that, if a Florida business suffers damage, some relief will be available. Wrongful denials of commercial property insurance claims violate the contract between a business and its insurer.
Cordova Law Firm PLLC helps businesses and business owners fight back against insurance companies that wrongfully deny property insurance claims. Our team of experienced legal and insurance professionals have many years of combined experience dealing with insurance companies. We know how they investigate claims, how they make decisions, and how they try to make a wrongful denial sound reasonable. Give us a call, or contact us online, to set up a 100% free consultation to discuss your rights and options in your case.
Insurance helps businesses protect themselves against losses caused by accidents and other unforeseen events. Common types of insurance that businesses may need include:
Insurance companies investigate and analyze every claim for property damage thoroughly and carefully. This makes sense from their point of view. They are also businesses, and they have to protect themselves against fraudulent claims just like other businesses have to protect against various forms of loss. The problem comes when insurance companies deny valid claims, either because they made a mistake or because they are acting in bad faith.
After many years of practice, the insurance industry has gotten very good at phrasing wrongful property insurance claim denials in ways that do not sound wrongful at first glance. Scratch the surface a little, though, and the problems with the denial become apparent.
Common reasons given for commercial property insurance claim denials are quite similar to those for residential property insurance, such as:
A commercial property insurance policy is a contract between two businesses. The policyholder agrees to pay premiums to the insurance company. In exchange, the insurance company promises to cover claims made by the policyholder in accordance with the terms of the policy.
The first step in disputing the wrongful denial of an insurance claim is to review the policy to see if the insurance company has fulfilled all of its contractual obligations. Did it conduct a full and fair investigation? Did it provide a written explanation of the reasons for the denial? Did it consider all of the relevant facts and circumstances?
Many insurance disputes can be resolved through an appeal to the insurance company itself. Faced with the possibility of further legal wrangling, the company may decide that settling the claim is the best course of action. If that does not produce results, the Florida court system provides a venue for wrongful insurance denial claims.
If your business has suffered damages, and your insurance company has wrongfully denied your claim, the Florida property insurance claims attorneys at Cordova Law are here to fight for your rights. Please call us today at (321) 267-3682(CORDOVA) to schedule a free, confidential consultation to see how we can help you.