Many people buy homeowner’s insurance as a precaution in case the worst occurs. Depending on the location of the home, people might be likely to experience extreme weather conditions, particularly during harsh storms, hurricanes, and tornadoes. However, insurance companies don’t make money by paying customer claims; they make the majority of their income from receiving premiums. If they don’t need to cover damage to your home, they won’t.
For people who live close to hurricane-prone areas, people usually need to buy separate windstorm insurance in addition to standard homeowner’s insurance. Wind coverage for people in high-wind regions is likely not included in a typical policy because insurance companies would be more likely to have to pay out for wind damage claims.
If your insurance company seems to be doing something illegal by denying you wind damage coverage after a storm, talk to one of our skilled New Orleans property casualty attorneys as soon as possible. We can look at the details of your situation and tell whether or not you might be dealing with a bad faith insurance company.
Bad faith is a legal term covering when an insurance company uses misleading or dishonest tactics to avoid paying their policyholders’ claims. Companies use these tactics to save money and often get away with it because they don’t expect people to understand how to fight back.
If any of the following apply to you, you may be able to sue your insurance company for bad faith insurance tactics:
- Delay of an investigation into your damages
- Deliberate delay of your disbursement
- Misrepresentation of the amount of coverage needed
- Deliberate4 confusing of the damage’s cause
- Intentionally low estimates
Many people don’t realize what their insurance doesn’t cover, which is sometimes also a tactic of a bad faith insurance company. Misinforming a policyholder or under-informing a policyholder can sometimes be in the best interest of a company that wants to save money rather than provide a service for their customer.