It’s been six months since Hurricane Ian swept through the Atlantic causing devastation in its wake, and for many Florida residents, the process of rebuilding still hasn’t begun. Numerous homeowners and business owners have been drastically lowballed by insurance companies, delaying home repair. The Washington Post reports that many insurance claims stemming from Hurricane Ian have been underpaid by more than 80%.

Insurers are fraudulently minimizing payouts far below damage estimates or denying claims altogether. This means that many residents whose properties were damaged or even completely destroyed by hurricane Ian may not be able to restore them due to inadequate compensation for their losses.

If you’ve recently grappled with a payout far less than you expected or wrongfully denied an insurance claim in light of your damages from Hurricane Ian, you have to take legal action. Contact the insurance dispute lawyers of Herman & Wells and we’ll help you fight for the full amount of compensation you’re entitled to.

A Floridian involved in a motorcycle accident fills out their injury claim form.

In this blog post, we’ll take a closer look at what the insurance companies are up to and what is being done to put an end to their fraudulent activities. We’ll also discuss the legal options available for Florida residents who have been taken advantage of by their insurers.

The Cliff Notes: Key Takeaways From This Post

  • 1
    Florida residents are still grappling with the aftermath of Hurricane Ian, and there is an urgent need for greater transparency and accountability in Florida’s hurricane insurance claims process.
  • 2
    Florida hurricane insurance companies and third-party adjusters are facing scrutiny due to allegations of fraud and collusion in Hurricane Ian claims.
  • 3
    Republicans are passing laws that protect insurance companies from being sued by policyholders.
  • 4
    If Florida residents have been wrongfully denied an insurance claim or low-balled after hurricane Ian, they should consider legal action and speak to a qualified insurance dispute lawyer immediately.
  • 5
    Do you have a grossly undervalued or rejected Hurricane Ian insurance claim? The experts at Herman & Wells can help you fight for the full amount of your deserved compensation. Don’t wait, call us at (727) 821-3195.

How Claims Are Handled In Florida

The first step in the claims process is to gather essential Florida hurricane insurance information. This includes details of your policy, the date and magnitude of the storm, and the damage that has occurred. Once you have this information in hand, you can contact your Florida hurricane insurance provider to begin the claims process.

After contacting your insurance, they will send out an adjuster who will assess all available evidence to determine whether it is liable for any damages. During the assessment, they will take photos and notes, analyze your hurricane insurance policy, and review other information such as estimates of damage costs.

The adjuster then works with your Florida hurricane insurance provider to determine how much coverage you are eligible for. This can vary depending on various factors such as your home’s pre-existing conditions, the nature of the storm, and any applicable Florida statutes.

Once your Florida hurricane insurance claim is approved, you will receive a settlement offer. If the insurance company is being fair, this amount will cover all damages.

A Floridian involved in a motorcycle accident fills out their injury claim form.

Third-Party Adjusting Firms And Their Role

These firms can offer independent assessments of damage and provide a more objective take on the situation. During the claims process, it is not unusual for third-party adjusters to collaborate with insurance companies in order to make minor revisions and even change line items if there is proof that damage had happened before the event.

Florida Insurance Companies’ Financial Incentive To Minimize Payouts

Insurance companies may have a financial incentive to minimize payouts, as they are looking to maximize profits and cut costs. This leads to them undervaluing or denying hurricane insurance claims, which most Florida homeowners are already all too familiar with.

Allegations Of Fraud And Collusion

The Washington Post reported that there are now allegations of fraud and collusion between Florida insurance adjusters and Florida hurricane insurance companies:

Adjusters Speak Out About Fraudulent Practices

Ben Mandell and Mark Vinson – two highly experienced independent adjusters – began working for Florida Peninsula Insurance Co to assist with the influx of Hurricane Ian insurance claims. Within weeks of being hired, they started noticing strange behavior from the insurers.

They witnessed credible claims receiving rejections or not being processed in some cases – which further delayed necessary payouts to people who had already been significantly impacted by Hurricane Ian. The adjusters also noticed the same or similar edits were cropping up, regardless of where homes had been built and at what time. This strange pattern has caused homeowners to be denied roof repairs.