For many people, the most expensive and valuable part of their wallet is their home. It is extremely important to protect this investment. When shopping for a home insurance policy, it’s essential that you understand what exactly a policy covers. You will need to know that you and your family will be fully covered and protected if an unforeseen event results in a catastrophic problem with your home.
Insurance companies, however, are not well known for their ethics and high moral standards. Even though an agent will appear caring and friendly, they are still an employee of the insurance company they work for. For this reason, their goal is always to reduce costs for the company. This means that in the event of a claim, an adjuster will try to pay as little as possible or deny claims when possible.
Since insurance companies often consider their bottom line rather than the actual damage resulting from a destructive incident when making coverage decisions, claimants can be placed in a position where they can be treated unfairly. If you believe your insurer has responded in bad faith, it may be helpful to contact a lawyer. At Jackson, MS, Germany Law Firm, PLLC has experience Jackson bad faith insurance lawyer who can help you take action against your insurance provider.
Important points of your home insurance policy to discuss with an agent
First, the weather is unpredictable and devastating incidents can happen at any time. Throughout the year, we see stories of volcanoes exploding, hurricanes surging, forest fires spreading, floods rising, and more. Depending on where you live, your home may be more vulnerable to potential damage from weather events.
Yet any home can be damaged by a cataclysmic weather event. This is why it is so crucial that you discuss how weather events are covered by your policy. Specifically, what types of weather events are included in your coverage and which are not. Next, what if any of these events take place.
In addition to serious and damaging weather events, other parts of your policy need to be explored. Including:
- Replacement cost value is protection that makes funds available to the policyholder for property that has been damaged.
- The actual cash value is protection that assesses the value of your property at the time the damage occurred. When determining the LCA, the cost of your property in the current market minus its age and shape will be calculated.
- What is your deductible, or the initial money you have to pay before your insurance takes effect.
- Learn if insurance endorsements to exist.
- Understand which exclusions are present.
Talk to a bad faith Mississippi insurance lawyer today
The Jackson’s personal injury lawyer At the German law firm, PLLC can help you fight back if your insurance provider has not honored your agreement. Insurance companies will try to underpay you if they can. The experienced bad faith insurance law firm at the German law firm, PLLC can discuss your case with you in a free consultation. Call today to schedule your consultation with the German law firm, PLLC at (601) 487-0555.