Can I sue my insurance company? Get the answers to your questions. Here’s what you need to know about suing your homeowners insurance company for a fair settlement.
If you have ever filed a claim with your homeowners insurance provider and felt like you should have gotten more compensation when the check came, you are not alone. As profit-driven enterprises, insurance companies have gotten really good at paying out as little as possible for claims, even when they know that their offer is not even close to what it should be.
So, the question is, can you do anything about it? Can you sue them for a fair settlement?
Yes, You Can Sue Your Insurance Company
In some cases, litigation is your only remedy when the insurance company does not hold up its end of the bargain. You may find yourself in many different situations where you need to file a lawsuit for your property damage claim. For instance, if you believe they are acting in bad faith, have wrongfully denied your claim, or are delaying your settlement, you may need to sue.
When Can I Sue My Insurance Company?
Just like people are expected to follow the law, insurance companies are expected to follow certain legal requirements. These requirements may be different in each state, so if you are in Florida, you should consult with a Florida attorney before deciding whether to move forward with a lawsuit.
You may have recourse through other means besides a lawsuit, so be sure to ask your attorney what your options are. In example, you may be able to file a complaint with the agency in charge of the insurance industry in your state.
Some of the most common reasons to sue your insurance company include the following:
- Unreasonable payout – If your insurance provider makes an unreasonably low offer, you may be able to make a bad faith claim. For instance, if damages amount to over $50,000 but the insurance company is only offering to pay $10,000, you could have a good case.
- Late payout – If your insurance company fails to pay your claim on time, that is another case of bad faith that might require a lawsuit.
- Breach of contract – If your insurer fails to follow the contract contained in your policy, a lawsuit can help rectify the situation.
- Failure to represent in court – Many insurance policies require the insurance company to provide representation for their policyholders in certain situations. If your insurer does not provide you with a defense when they should have, you may be able to sue.
If are still asking, “Can I sue my insurance company for a better settlement?” get in touch with RRBH Law Today.
Have you been treated poorly by your insurance provider? Want to go for the settlement you think you deserve? Don’t just take the money and walk away—make them pay their fair share.
The attorneys at RRBH Law are standing by to take your call. Get in touch with us today so that we can discuss your case.