Insurance companies have denied payment in 43.8% of all closed Hurricane Matthew claims in Volusia and Flagler Counties. This amounts to nearly half of all insurance claims either being denied or estimated by the adjuster (working for the insurance company) below the deductible.
As of October 28, the Florida Office of Insurance Regulation reports the following statistics for claims in Volusia and Flagler Counties:
Number of Claims 35,868
Closed Claims (Paid) 8,025
Closed Claims (Unpaid) 6,244
Number Claims Open 21,599
Percent Claims Closed 39.8%
These statistics raise several questions:
Of the 6,244 unpaid claims, how many claims were either wrongfully denied or underpaid so that the claim failed to exceed the deductible?
Of the 8,025 paid claims, how many claims were underpaid?
The simple answer is, without review of each and every claim by an experienced property insurance attorney, a homeowner will likely never know if their insurance company properly paid or denied payment.
Contact us to get the money you were denied.
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By Michael Ciocchetti – Partner