Daytona Beach Insurance Claim Lawyer
Daytona Beach Homeowners’ Insurance Attorney Helping with Florida Claims
When you purchase a home in the Daytona Beach area and regularly pay your homeowners’ insurance premiums, you should be able to expect that your insurance company will provide you with full and complete coverage in the event of severe storm damage, hurricane damage, flooding, a sinkhole, or another unexpected event that results in serious damage to your property. However, insurance claims can be much more complicated than you might expect, and homeowners often learn that their insurance claims have been denied.
Whether you are in the initial stages of filing a homeowners’ insurance claim or need assistance appealing a denial of coverage from your insurance company, an aggressive Daytona Beach insurance claim lawyer at our firm can assist you.
Understanding Insurance Requirements in Florida
If you own your home in Daytona Beach, you probably have homeowners’ insurance. Although Florida law does not require homeowners to have insurance, mortgage companies usually do. Accordingly, when you buy a home and have a mortgage, you are likely required to have homeowners’ insurance. Under Florida law (Fla. Stat. § 627.7011), insurance companies are required to offer certain types of coverage to homeowners. However, it can be difficult to understand what comes with most policies, and what types of coverage will cost extra.
The following are common types of coverage in homeowners’ policies, along with information about whether you will need to pay an additional premium for these particular types of coverage:
- Replacement cost and actual cash value (ACV) coverage: You should be certain that you know the difference between replacement cost and ACV coverage. Replacement cost coverage will provide a homeowner with the amount of coverage necessary to actually replace items that have been damaged (or to repair them), while actual cash value coverage only provides the amount of coverage for the market value of the item at the time it was damaged. In other words, with actual cash value coverage, you only get the cost of replacing the item minus the amount of depreciation.
- Flood insurance: While some mortgage companies may require flood insurance depending upon where your home is located (in terms of flood zones), flood insurance often is optional. If you do not have flood insurance coverage but sustain flood damage, your claim may be denied.
- Sinkhole coverage: Florida insurance companies must provide catastrophic ground cover collapse, but specific sinkhole coverage comes at an additional cost. Insurance companies must offer sinkhole coverage to homeowners. Filing a sinkhole coverage claim can be complicated, and it is important to understand the terms of your policy.
Filing a Claim and Appealing Denied Benefits
If you are filing an insurance claim, you should work with a Daytona Beach insurance claims attorney to ensure that you provide all necessary information the first time around. Even a minor error can result in your claim being denied.
If you have already been denied coverage, you should know that our attorneys can help you to appeal your denial of benefits.
Contact a Daytona Beach Insurance Claims Lawyer
The dedicated Daytona Beach insurance claims lawyers at our firm routinely help clients with homeowners’ insurance claims and appealing denials. We can speak with you today about your case. Contact The Pendas Law Firm for more information.