Life is slowly returning back to normal for homeowners in South Florida following the aftermath of Hurricane Irma. Electricity has been restored to most homes in Miami-Dade and Broward Counties. Downed trees and powerlines have been cleared and traffic lights are back to functioning normally. However, not all Florida residents were fortunate. Hurricane Irma devastated much of the Florida Keys along with the west coast of the state, including Naples and Marco Island. As of today, 496,532 claims have been filed with private insurance companies worth a whopping $3.1 billion. There are also an estimated 17,000 additional claims in Florida that have been filed with the National Flood Insurance Program.
Does Your Hurricane Damage Meet Your Insurance Deductible?
Although the number of claims is staggering, there is one sobering reminder. Most policyholders will not likely see a dime from their insurance companies because their hurricane damage did not meet their deductible. According to Jeff Grady, President and CEO of the Florida Association of Insurance Agents, most state homeowners did not suffer enough structural damage to their property. The hurricane damage deductible for most Florida homeowners insurance policies is usually between 2 to 5 percent of the insured value. Thus far, most insurance agents have reported minor damage, such as damaged fences from fallen trees and broken gutters. Filing an insurance claim can be a wise decision even if the amount of hurricane damage does not meet your deductible. Should another storm hit Florida, your deductible will be lowered.
Counties Most Affected by Irma
While Miami-Dade and Broward were spared a direct hit from Irma, both counties still ranked among the top five in the state for amount of hurricane damage claims. According to the Sun Sentinel, the following counties had the most insurance claims by percentage.
- Monroe 15.28 %
- Collier 8.23 %
- Broward 2.03 %
- Miami-Dade 2.03%
- Palm Beach 1.31%
However, the rankings are different when it comes to total claims. Due to its high population, Miami-Dade County had the highest amount of hurricane damage insurance claims with 55,012 followed by Orange (44,696), Broward (38,836) and Lee (33,893)
Has Your Homeowners Insurance Claim Been Underpaid or Denied?
If your home has suffered severe hurricane damage in Miami, it is vital to receive the maximum settlement to account for all your losses. Unfortunately, far too many insurance companies either underpay or deny hurricane damage claims. But there are solutions. The first is to seek representation from a Miami insurance claims lawyer. Over the years, attorney Jonathan Korin has successfully represented a wide range of clients from the average homeowner to Fortune 500 companies. He and his legal team utilize an aggressive and comprehensive approach to help resolve disputes with insurance companies. His objective is to help clients resolve their insurance problems without having to go to court. However, if the insurance company is engaging in illegal or unethical behavior and refuses to cooperate, he will do what it takes to fight for the rights of homeowners throughout South Florida. Whether your home has been damaged by a fire, windstorm, pipe leaks, roof leaks or you have been the victim of theft, the legal team at Korin Law, P.A. can help. To learn more, contact their Miami law office today and schedule a consultation to discuss your case.