Many renters choose to get renters insurance because they want to protect themselves against losses, and they may specifically get a named-peril insurance policy if they live in an area where they are afraid of losing possessions due to specific occurrences that are not covered under their open policy, such as hurricanes. When a renter acquires named-peril insurance, and they are later denied or underpaid for their claim, it can be incredibly frustrating, and recourse against the insurance company can be tricky. If you are not covered as you should be under your named-peril renter’s insurance policy, the experienced and aggressive Dallas attorneys from Smith Kendall, PLLC are here to help. Contact us today by calling (214) 361-6124.
At Smith Kendall, PLLC, we understand that if you have filed a claim with your insurance company for lost property, you have likely already suffered through the stressful event that caused the damage. Having your claim denied or underpaid when you were prudent and responsible and bought named-peril insurance can seem unfair, and it may seem impossible to get your money when the insurance company seems so powerful. You do not have to go through this challenging experience alone.
The highly qualified insurance attorneys at Smith Kendall, PLLC have been helping clients whose claims were delayed, denied, or underpaid by insurance companies for over 15 years. We are dedicated to only representing policyholders and providing them with vigorous and individualized representation. If you or a loved one has been given the run around by your insurance company, contact the knowledgeable and aggressive Dallas named-perils rental insurance lawyers at Smith Kendall, PLLC by calling (214) 361-6124, filling out a contact form online, or starting an online chat now.
Many landlords now require that renters acquire their own renters’ insurance policy to avoid potential disagreements and possible lawsuits if the tenant’s property or belongings are damaged while on the landlord’s property. When acquiring their insurance policy, renters may or may not realize that a landlord’s insurance policy most likely will not cover any losses they could potentially suffer as a renter. For example, a landlord’s insurance may cover damage to their real property, such as the building or structure, but will likely not cover losses for a renter’s personal property, like your clothes, electronics, and art.
When choosing renters’ insurance, there are generally two options: an all-risk renters insurance policy or a named-perils insurance policy. An all-risk renters insurance policy is usually more expensive and comprehensive than a named-perils policy and will cover everything that can damage your property (except those things that are specifically excluded by the policy). On the other hand, a named-peril policy will protect property and possessions if they are damaged or lost due to the specific occurrences that are named in the insurance policy. If your property is damaged by the occurrence of something that is not explicitly named within the named-perils policy, then it is not covered by the policy.
People who live in areas where natural disasters frequently hit often opt to buy a named-perils renters insurance policy to protect their property. Depending upon the policy holder’s geographical location, some named-perils insurance policies that are commonly purchased are those that cover damage inflicted by the following:
These are some of the common types of occurrences that a named-peril insurance policy covers, but a renter acquiring the policy may add other occurrences if it seems prudent.
A major difference between an all-risk policy and a named-perils policy is that when making a claim under a named-perils policy, the insured must show that the loss of property resulted specifically from an occurrence listed in the policy. With an open policy, the insurance company must prove that the act is not covered to deny a claim. This means that with a named-perils policy, the burden of proof is shifted to the policyholder. This also means that if the renter’s claim is denied, they must present evidence that an occurrence listed explicitly in their policy damaged their property.
An insurance company may also deny, underpay, or delay a claim because they think that the insured will not appeal. The more claims an insurance company can get away with denying or underpaying on, the more profit they make for themselves. However, in Texas, insurance companies have a legal obligation to operate in good faith and fair dealings. Denying a claim that is included explicitly in your renters named-perils insurance policy just because they do not want to pay you can amount to bad faith. If you believe your insurance company has acted in bad faith or has been unfair in their dealings with you, they may be liable to you for more than just your original claim.
If your claim is denied, delayed or underpaid, knowing how to proceed with an appeal can be confusing and complicated. Furthermore, insurance companies usually have large teams of attorneys to guide them in their decision-making process and to represent them should a claim or lawsuit against them be filed.
That is why it is best to have aggressive legal representation of your own when dealing with insurance companies, like the Dallas area named-perils policy renters insurance and bad faith attorneys at Smith Kendall, PLLC.
At Smith Kendall, PLLC, we understand that if you filed an insurance claim under your named-perils renters’ insurance policy, you may already be stressed out as you are dealing with the damage that occurred. Trying to get what you are owed from your insurance company so you can move forward with your life should not be so difficult. The intention of paying for an insurance policy is that in the event something happens to your property, you are able to get the money to replace it.
Unfortunately, even though you have paid your premiums and held up your end of the bargain, the insurance company may now be giving you a difficult time. Do not go through this trying period alone or let the insurance company get away with not paying you what you are owed. If your claim under your named-perils renters’ insurance policy was denied, delayed, or underpaid, contact the highly qualified and aggressive Dallas renters’ insurance attorneys at Smith Kendall, PLLC for help by calling (214) 361-6124.