Reno Property Claims Lawyers
What to Do When a Property Insurance Claim Is Denied
After your property has been damaged, destroyed, or stolen, you need money from your property insurance to recover quickly. When your insurance company denies that claim, you need help. The Reno property claims lawyers at Leverty & Associates Law Chartered are available to help you appeal that denial and get the money you need.
Our property insurance lawyers have experience negotiating with insurance companies. We can often get your insurance company to change its decision without going to court. And when a trial is necessary, we have plenty of courtroom experience.
If you’ve been denied a property claim in Reno, call Leverty & Associates Law Chartered today at (775) 322-6636 for a free consultation.
Understanding Property Insurance Claims
At the core, property insurance is quite simple. If your property is damaged, destroyed, or stolen, through no fault of your own, your insurance company will pay to repair or replace that property. However, like many things that should be simple, property insurance involves a significant number of exceptions and exclusions.
The most relevant exception, for most people, is the limit of your property insurance. Every type of property insurance (homeowner’s insurance, renter’s insurance, comprehensive vehicle insurance, etc.) includes a limit. No matter how severe your loss, you will never be paid more than the limit on your insurance.
Additionally, your compensation for a loss is also limited by the property’s value. This may seem obvious, but it can be controversial when your insurance company tries to undervalue your lost property.
Reno property insurance lawyers from Leverty & Associates Law Chartered will fight for your property to be valued fairly by the insurance company. And if they refuse, we are always willing to go to court.
Property Insurance Exclusions
Property insurance policies are riddled with property insurance exclusions. These exclusions limit when you can make claims, even if your insured property was damaged or destroyed due to outside forces. Common exclusions are:
- Flooding damage
- “Acts of God”
- Government acts
- Earth movement.
Exclusions can be complicated. For example, while many insurance policies don’t cover most flood damage, specific cases involving other situations may be covered. However, insurance companies will usually deny any case of flooding without looking at the details, and you’ll need a property insurance claims denial lawyer to fight your case for you.
Also, you can get supplemental insurance for most exclusions. But if you don’t know how to specifically claim that supplementary insurance, your claim might be denied.
What You Need to Know About Property Insurance Claims
According to the Insurance Information Institute, almost half of all homeowner’s insurance claims result from wind or hail damage. However, the biggest losses come from fire and lightning claims.
On average, fire and lightning losses are about six to seven times as high as wind or hail losses. This makes it especially important to hire property insurance claim attorneys from Leverty & Associates Law Chartered when making fire or lightning claims. A denial or underpayment could potentially cost you tens of thousands of dollars.
The least common claim for homeowners is theft. Only about 1% of all claims are for theft, and according to the FBI, thefts in the U.S. have been declining since 2015. Even though theft claims are the least common type of claim, insurance companies are still likely to deny or undervalue your claim if they can.
Leverty & Associates Law Chartered’s property insurance claim denial lawyers will fight to get you the value you deserve if your insurance company has denied you the full value of your theft claim.
What to Do When a Property Insurance Claim Is Denied
The Value of a Property Insurance Denial Lawyer
Your property insurance claim can be denied for a plethora of reasons that pretty much fall into two categories: legitimate denials and bad faith denials. The latter is much more problematic, because it means the insurance company has broken its contract with you. But in either case, you need to hire good property insurance claim denial lawyers to get the money you deserve.
You may think that if you were legitimately denied, you aren’t eligible for compensation. But often, that isn’t the case.
Many legitimate denials are due to claimants’ improperly representing their losses or making claims against the wrong policies. You were properly denied based on how you represented your claim, but your claim would have been approved if you had represented it differently.
This doesn’t happen by accident. Insurance companies intentionally make the claims process as complicated as possible, so claimants make mistakes. This allows the insurance companies to then deny claims in good faith.
An experienced lawyer understands the process and can help you avoid these pitfalls. Just because your claim has been denied, it doesn’t mean that is the final word.
If your claim has been denied in bad faith, it is even more important that you are represented by a property insurance lawyer from Leverty & Associates Law Chartered. The insurance company knows that your claim is legitimate but has still chosen to deny it. Because you haven’t made a mistake in the process, your appeal is almost certain to be denied as well.
Hiring property insurance claim denial lawyers improves your chances of getting the money you deserve. Insurance companies in Reno know that Leverty & Associates Law Chartered attorneys are willing to go to court, and your claim may be approved just to avoid a trial.
If it is still denied, we will zealously represent you at trial and fight to get you both the compensation you are owed for your damages and punitive damages for the bad faith denial.
Don’t know what to do when your property insurance claim is denied? Speak to our Reno property claims lawyers as soon as possible.
Negotiating a Settlement
Insurance Denial Lawyers Will Try to Avoid Going to Trial
Nobody wants your property insurance claim to go to trial. The insurance company will have to spend thousands of dollars on lawyers if the case goes to trial. For many property insurance claims, legal costs could easily be higher than the cost of the claim.
You don’t want to go to trial either. You want your money quickly so you can recover from the damages you suffered. But trials aren’t quick. If your property insurance case goes to trial, it could take years before you get an award from the outcome of the case.
Because we know that nobody wants the case to go to trial, our property insurance claim attorneys will try to negotiate a fair settlement for your claim. This can be done even after your claim has been denied.
Hiring our insurance denial lawyers lets the insurance company know you are willing to go to court if it doesn’t negotiate. This gives us leverage for getting you fair compensation for your claim.
A negotiated settlement can even be reached once a lawsuit has been filed.
Why Choose Leverty & Associates Law Chartered?
The founder of Leverty & Associates Law Chartered, Gene Leverty, has been practicing law for over 50 years. This experience is the foundation of our law firm, allowing the rest of the Leverty & Associates Law Chartered team to take advantage of his knowledge when we need it.
Our team-oriented approach to insurance law means that you are always getting advice and representation from the most knowledgeable member of our team.
But you shouldn’t have to take our word for it. Instead, you can read the glowing testimonials from our past clients. Satisfying our clients means more than just practicing the law well. To provide exceptional service for our clients, we:
- Are good communicators that give our clients direct attention
- Are good negotiators that understand the insurance dispute process
- Never pressure our clients to make specific decisions
- Keep our clients well informed
- Are always professional
- Are compassionate and care about the well-being of our clients
- Go above and beyond for our clients.
Even with over 100 years of combined experience and winning over $150 million in compensation for our clients, we never stop striving to do better. We continue to learn and improve ourselves so our clients can thrive, even under trying circumstances.
If you want a property insurance lawyer who cares about you more than the fee for services, call Leverty & Associates Law Chartered at (775) 322-6636 today.
Frequently Asked Questions
Insurance companies are notorious for making settlement offers well below the value they should be paying. Any money an insurance company doesn’t pay out is essentially profit for the insurance company.
Because of this, many insurance settlement offers are unfair and should be refused. Your property insurance claim attorneys from Leverty & Associates Law Chartered will tell you whether a settlement offer is fair.
However, even if an offer is fair, it might not be the highest amount of money you qualify for. You may still want to refuse the offer if this is the case. We will advise you about what we think is best, but you always have the final say on whether you accept a settlement offer from the insurance company.
Often it isn’t obvious what the insurance policy covers a claim. For example, if your car is parked in your garage and is damaged by the garage door opener falling off the ceiling, do you claim that damage under homeowner’s insurance or auto insurance?
We can answer these types of questions at Leverty & Associates Law Chartered. Rather than make a claim under the wrong policy, consult with one of our property claim attorneys to ensure that you make the correct claim from the start.
At Leverty & Associates Law Chartered, we don’t charge a flat rate for insurance claims denial cases. Instead, we charge you on contingency. This means we only get paid if you get compensation in your property insurance case.
Because our pay depends on your compensation, you can be certain that we will always fight to get you the highest possible compensation for your claim.
Clients commonly ask this question when their vehicle has been stolen or damaged, because insurance companies use complicated computer generated printoutsdetermine the value of cars.
The best way to dispute a valuation is roughly the same whether your property is a car or something else. You need to provide evidence of the property’s true value rather than the theoretical value based on expected wear and tear.
For a vehicle, for example, you might show inspection records that prove that you have driven the car less than expected since you purchased it. Similarly, if you have pictures of the property from before the loss, you can use those pictures to show it was in better shape than expected.
If you have ever replaced parts of the property with new components or if you regularly maintain it, those records can be used to show it has a higher value than expected. An attorney with Leverty & Associates Law Chartered will help you prove the true value.
Property Insurance Denial Lawyers at Leverty & Associates Law Chartered
If you’ve paid your insurance premiums diligently, you deserve to get compensation when your property is damaged or stolen.
Don’t let your insurance company unfairly deny your claim. Contact the Reno insurance claim denials attorneys at (775)-322-6636 to get a free consultation for your case.