Katrina Sets a Precedent for Hurricane Sandy Victims’ Insurance Battles
PR Web |
(PRWEB)
Those who have lost their homes, their cars or businesses after Hurricane Sandy may face extended battles with their insurance carriers, eerily shadowing the events following
Policy language causes a problem for homeowners
While many victims of Hurricane Sandy have not yet filed claims, they are likely to do so in the following weeks—and it’s a good idea that they read their policies carefully. Thousands of
This was an understandable frustration for customers who had dutifully paid their homeowner premiums over the years. Not only were they being told they would not be given the funds to rebuild their homes, they did not have the resources to pursue a case against the insurers.
Lost vehicle numbers on the rise
Rising flood waters have not only caused damage to buildings, they have buried cars under several feet of water and sand, leaving the vehicles undriveable as the waters receded. As of this writing,
How many vehicle claims are the insurers expecting? After Hurricane Katrina, 325,000 known vehicles were reported as flooded, with the number covered under insurance not nearly as high.
Many victims pursue cases, receive justice
It is important to remember that vigilance is key when fighting against the insurance companies. Many victims are so overwhelmed by their situation that they do not contest the denial, allowing the company to keep their payout. Some are so confused by the policy language that they assume the company’s denial is legitimate. Still others will struggle to prove that the damage should be covered, only to have their calls to their provider go unanswered.
However, there is a light at the end of the tunnel.
Unfortunately, victims are only likely to get the kind of compensation they deserve if they fight aggressively for their rights. If your business or home was damaged in Hurricane Sandy, the legal team at Sacks, Weston, &
Read the full story at http://www.prweb.com/releases/2012/11/prweb10135866.htm
Copyright: | (c) 2012 PRWEB.COM Newswire |
Wordcount: | 563 |
Two Indicted In $25 Million Fraud Scheme
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News