Homeowners and business proprietors understand how vital it is to protect their properties. For this reason, property damage insurance is essential. These types of policies are intended to cover damage caused by events such as floods, storms, or accidents. If a natural disaster or an accident strikes, you need to feel confident that you will receive the compensation you need to conduct the necessary repairs. But what options do you have when the insurance company denies a valid claim? You need a property damage insurance claim lawyer in Fort Mitchell to handle the claims process.
The experienced bad faith insurance claim lawyers at Lawrence & Associates Accident and Injury Lawyers, LLC have many decades of combined experience and have represented clients across Kentucky. With us on your side, you can maximize your chances of receiving the compensation you deserve in your claim for property damage. Contact us today at (513) 351-5997 for a free case evaluation to learn more about how we can help you.
What Is Bad Faith Insurance?
Bad faith refers to unfair claim settlement practices by insurance companies. This occurs when an insurer denies or delays payment of a valid claim, misrepresents policy terms, or otherwise acts in an unreasonable manner.
Some common examples of bad-faith insurance practices include:
- Denying a claim without conducting a proper investigation
- Attempting to settle for much less than the claim is worth
- Failing to communicate about claims promptly
- Compelling policyholders to take legal action to recover money for their covered losses
If an insurance company has denied your claim without reasonable grounds, or if you believe you have been treated unfairly by a property damage insurer, contact the attorneys at Lawrence & Associates Accident and Injury Lawyers, LLC immediately. We will work to hold them accountable for their bad faith practices.
Bad Faith Insurance Regulations in Kentucky
Each state has laws designed to regulate insurance companies and the way they handle policyholders’ claims. Some key aspects of the regulations under Kentucky state law that protect policyholders against bad faith practices include:
- Insurers must adopt reasonable standards for prompt claim investigations under KRS 304.12-230(3).
- Refusing to pay claims without an investigation is prohibited under KRS 304.12-230(4).
- Insurers must affirm or deny coverage within a reasonable timeframe after receiving a proof of loss statement per KRS 304.12-230(5).
- Adjusters must provide an explanation based on the insurance policy when denying or offering a compromise on a claim, according to KRS 304.12-230(14).
These laws aim to hold insurers accountable and ensure fair claim handling. An experienced attorney can determine whether an insurer violated any regulations and can take legal action if necessary.
Types of Kentucky Property Damage Insurance Claims We Handle
Business and homeowners’ insurance is intended to cover damage from a broad range of incidents and disasters. The experienced Fort Mitchell property damage attorneys from Lawrence & Associates Accident and Injury Lawyers, LLC have extensive experience handling all types of claims, including the following:
- Tornados – With extremely high winds and flying debris, tornadoes can shatter windows, tear off roofs, and bring down entire structures.
- Burst pipes – Whether due to improper installation, poor maintenance, or freezing temperatures, burst pipes can cause extensive water damage. Repairs can be costly and can often take weeks or months to complete.
- Fire damage to commercial buildings – Whether due to lightning strikes, kitchen accidents, or faulty electrical wires, fires can cause extensive damage in buildings such as hotels, shopping centers, and office buildings.
- Hail damage – Kentucky hail storms can lead to costly roof damage and broken glass. They can also cause severe injuries.
- Flooding – Water damage from flash floods or faulty fire sprinklers can cause damage to wood floors, undermine foundations, and lead to health-threatening mold growth.
- Wind damage – Wind from thunderstorms and hurricanes can tear the roof off a building and can cause damage from flying debris.
- Ice damage – Freezing temperatures can cause the accumulation of ice on the roof of a home or business. When it grows heavy enough, it can cause roofs to collapse. Furthermore, falling icicles can cause additional property damage and possible injury.
- Fallen trees – Flooding and high winds can down trees, which can cause extensive damage if they collapse onto the roof of a building or into a window.
Whatever the cause of damage to your business or home, the attorneys at Lawrence & Associates Accident and Injury Lawyers, LLC will fight to recover the compensation you deserve.
Legal Remedies Available to Kentucky Residents
There are several legal remedies available when an insurance company has acted in bad faith or denied your claim unfairly:
- Policyholders can file a lawsuit for breach of contract and bad faith dealings. This form of legal action may allow you to recover damages beyond your policy’s limits.
- An attorney can negotiate a settlement with the insurance company before going to court if there is clear liability.
- Regulatory fines can be imposed on insurers for violating claim handling regulations.
- In rare cases, punitive damages may be available if a case goes to court.
With an attorney’s help, your path to full and fair compensation is possible again. Aggressive legal representation levels the playing field against powerful insurance companies.
What Does a Kentucky Property Damage Insurance Claim Lawyer Do?
If an insurance company has acted in bad faith, denied your valid claim, or violated Kentucky regulations in any way, a Fort Mitchell property damage insurance claim lawyer can give property owners the support and advocacy they need. They can investigate your claim denial to gather evidence of why it should have been accepted.
After building a solid case, your attorney can handle negotiations with the insurance company to ensure that they do not engage in additional unfair practices. If necessary, your property damage insurance claim lawyer can take your business or homeowners insurance claim through the appeals process or to court.
Proudly serving property damage bad faith insurance claimants, the attorneys at Lawrence & Associates Accident and Injury Lawyers, LLC are committed to providing expert legal guidance and support to ensure justice and fair compensation for all our clients.
Contact a Kentucky Property Damage Insurance Claim Lawyer Today for a Free Consultation
The legal team at Lawrence & Associates Accident and Injury Lawyers, LLC is ready to provide all the legal support you need when filing a claim for damage to your personal property. Our attorneys have a proven track record of fighting back against greedy insurance companies. You will owe us nothing upfront if you retain our services, only paying legal fees if we are successful in your case. Contact us online today or call us at (513) 351-5997 for a free case review to learn more about how we can help you.
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