Lighthouse Insurance Company Underpays Consumer by 62k

A house insurance claim is underpaid by $62,122.98 by Berkshire Lighthouse Insurance Company. A customer retained Dick Law Firm. As a result, the homeowner discovered that his insurance claim was $62,122.98 underpaid. They still have legal options if they choose to sue the insurance company for reimbursement of their attorney fees as well as statutory interest. Property insurance claims are routinely undervalued by at least $10,000, according to attorney Eric Dick.

When Insurance Companies Make Poor Offers

You agreed to acquire homeowner's insurance after the representative highlighted how they would be there for you if you needed them. Since then, you've faithfully paid your premiums, and you've taken comfort in knowing that if a qualifying event occurs, you won't be forced to shoulder the financial burden of repairing or rebuilding your home. When it comes time to file a claim, you discover that the insurance company is not on your side.

You must take the following procedures if you believe your claim has been underpaid:

Look over your contract to see what your coverage limits are.

Please inquire with your insurance company as to how they concluded your claim.

If your insurer continues to underpay you, hire a bad faith attorney.

If you have reason to believe your valid claim is being underpaid, you should take legal action against your insurance. If you have paid your premiums on time and fulfilled all of your policyholder requirements in the case of a loss, you are eligible for compensation. You've kept your half of the contract, and they're legally obligated to do the same. To begin, properly review your agreement. If a tornado has extensively damaged your home, for example, check your contract to determine what the maximum sum you can claim under the circumstances is.

Then you'll need to contact your insurance company and ask for a quote. They may send a claims adjuster to assess the damages and determine how much blame they owe you. It is critical to learn how they arrived at their final figure. Please save a copy of this information in the form of an email, a phone call, or a voicemail. If the insurance company is willfully underpaying you, this proof could be used against them in court. If their claim looks minimal, you should hire a private claims adjuster to assess the damages.

This is a simple way to determine if you were underpaid. After getting this report, suppose your insurer still refuses to pay you the total amount you are owed. In such a case, you'll need to contact a Texas insurance bad faith attorney to help you resolve the matter in court. Not only are you entitled to full coverage, but your insurer should also be held accountable for such behavior. It may dissuade them from underpaying other policyholders in the future, allowing them to maintain a higher level of professionalism.