Insurance company underpaid claim? What to do.

Miami Property Insurance Claim FAQs: What to Expect After Filing

RRBHLAWZENInsurance Litigation, Property Insurance

Property insurance claims are a hot topic these days. In this blog, you’ll find out how to answer some of the most common property insurance claim FAQs, including what to do if the insurance company underpaid your claim. As a homeowner, you know that your property insurance is there to help protect your investment and your family. However, you might be wondering if your insurance provider will raise your rates after a claim or two. Listed below are some questions and answers about property insurance to give you an idea of what to expect after a claim. With property insurance, nothing can truly be taken for granted. Even though homeowners may think they know what they’re doing when it comes to their coverage, it’s always important to keep up with changes in circumstances and remain vigilant of any potential changes to your policy. If you don’t know what to expect after filing a claim, these questions and answers may help. The insurance company underpaid my claim. What can I do? The amount of compensation you receive for your claim depends on a few different factors. Your coverage limits, the costs of repairs or replacement, and the extent of the damage …

Commercial Property Insurance in Florida: What to Know about Hurricane Coverage

Commercial Property Insurance in Florida: What to Know about Hurricane Coverage

RRBHLAWZENHurricane damage, Property Insurance

Now more than ever, as businesses start to reopen, commercial property insurance in Florida needs to include hurricane coverage. Here’s what you should know about this essential coverage. Some businesses did not survive the pandemic. For those owners who made it through, a question—did you sacrifice to keep your doors open just to have to close after the next big hurricane? If you don’t have commercial hurricane coverage, that is likely to happen. Read on to learn more about what this type of coverage is for and who should have it. Commercial Property Insurance: Florida Excludes Some Damages One of the first things to understand about hurricane coverage is that it pays for many damages that are excluded from commercial insurance policies. Depending on your policy, your commercial property insurance might not cover some of the events that happen during a hurricane. For instance, many standard policies cover events such as fire, theft, vandalism, and windstorms. Hurricanes are typically excluded from standard policies. Building Owners and Renters Can Benefit Whether you own a commercial building or rent space for your business, you should consider adding hurricane coverage to your commercial property insurance in Florida. Not only does this coverage pay …

storm surge - the most dangerous part of a hurricane

The Most Dangerous Part of a Hurricane Can Leave Your Home in Ruin

RRBHLAWZENHomeowners' Insurance, Hurricane damage, Insurance Litigation

Though high winds can cause significant damage to your home, they are not the most dangerous part of a hurricane. Learn about the dangers of storm surge and how to protect your property. During a hurricane, storm surge is the most dangerous threat to life and property. About half of lives lost during hurricanes are due to storm surge, and billions of dollars in property damage is possible from a single storm. To help you understand the risk of storm surge as we make our way into hurricane season, here are some facts about this hazard and what you can do to protect yourself. The Most Dangerous Part of a Hurricane: What Is Storm Surge? Storm surge refers to the abnormal rising water levels near the coast caused by high hurricane winds. Water is displaced onto coastal land, causing flooding in low-lying areas. When combined with rough ocean waves, storm surge can not only cause water damage and mold infestation to at-risk homes but also structural damage. During especially destructive storms, these factors can make your home uninhabitable. Steps to Take to Protect Your Home If your home is located in an at-risk area, it is critical to be ready …

business interruption insurance

Business Interruption Insurance: How Does It Work?

RRBHLAWZENblogInsurance Litigation

Business owners do a lot for our community in Miami. They create jobs and offer essential goods and services. But sometimes business owners need support. In case of disaster, business interruption insurance gives business owners the security they need to continue to do business, to cover their lost income, or both. Let’s look at an example: say a bad storm took the roof off the building where your business is located. Not only is the building now unsuitable for business, but also your merchandise is ruined. Here’s how this scenario might play out if you have business interruption coverage. How Does Business Interruption Insurance Work? In the above example, you would need to replace the value of your merchandise and possibly find a new place to run your business until the building is repaired. With business interruption insurance, both might be covered: Lost income – Business interruption coverage will reimburse you for your damaged merchandise. In addition to replacing the value of your goods, business interruption insurance may also cover the business that you lose because of the damage to your property, for instance, if you have to close for several days or weeks. Insurers will use your financial statements …

Free Business Interruption Policy Review

Free Business Interruption Policy Review Amid COVID-19 Shutdowns

RRBHLAWZENBusiness Interruption

Miami, Fla., April 2, 2020 – RRBH Law is offering free policy reviews to business interruption insurance policyholders who have experienced losses because of the coronavirus pandemic. Mandatory stay-at-home orders have shuttered businesses across the country. While necessary to protect the public health of the community, the closures have left non-essential businesses struggling. With beaches already reopening, Florida’s stay-at-home order is set to fully expire on April 30, unless Gov. Ron DeSantis extends it. However, most businesses have already experienced financial loss, and without assistance, many will be forced to close indefinitely. These current challenges that business owners face beg the question: Will business interruption insurance cover any of the losses? Insurance policies are notoriously difficult to understand, so as policyholders read their policies, they may wonder whether any of the provisions included in their policies protect them. The experienced attorneys at RRBH Law—who specialize in insurance litigation, among other areas of law—are offering their services to help policyholders understand in clear, concise language how their business interruption policies deal with the ramifications of COVID-19. The RRBH Law team is asking any business owners who have business interruption coverage to contact their office for their free policy review. To schedule …

Person riding bike in the rain

My Business Interruption Insurance Won’t Pay: What Should I Do?

RRBHLAWZENInsurance Litigation

When you purchase business interruption insurance to cover your lost income following a disaster like Hurricane Irma, you expect your insurance company to be there for you. You hope that you’ll never actually need the coverage, but when you do, you want to know that you’ll be taken care of. Unfortunately, many people have reported that their insurance providers have denied their coverage even though their businesses had to close for days or even weeks. When things like this happen, it’s important to stop, think, and act to make sure your interests are being represented. Your insurance provider might think that it can get out of paying for your lost business because of a technicality, but if you are smart about how you do things, you might get the payout you deserve to support your business. Here’s what you should do if your business interruption insurance denies your claim: Keep Your Records Straight When you’re making a claim for business interruption insurance, you needs to show how your business was impacted. Usually, your physical property has to be damaged by a disaster in order to qualify for a claim. It’s important to document the damage extensively. Be sure to take …