Coverage Lawyer in Chicago IL

Settling Homeowners Insurance Claims and Disputes with a Lawyer

Coverage Lawyer in Chicago ILIf you have suffered a huge loss after a fire, theft, flood, or other disaster, you will likely be ready to file an insurance claim. However, you might not understand what your rights are or whether you can trust your insurance company to give you the full reimbursement you need. This is understandable, especially because your interests and those of your insurance company are in direct opposition: you want a maximum payout, but your insurance company probably wishes to offer you a minimum. In fact, when you make an insurance claim, you are essentially going to go through your own business negotiation. Even though you have been paying a premium every month to protect your personal belongings in the case of an unfortunate incident, you might have to fight for your compensation. You might even need help from an insurance coverage lawyer who can fight for you.

Dealing with Homeowners Insurance Companies

If you are finding yourself at an impasse with your homeowners insurance company, you may want to talk to the Chicago IL insurance lawyers at Childress Loucks & Plunkett. It’s likely that you’ve encountered at least one of the following situations:

  • Your insurance company is denying your claim entirely for one reason or another
  • There is a disagreement about what your policy covers
  • Your homeowners insurance company wants to pay less than what your losses are worth
  • You have reached your limits on homeowners insurance coverage

If you feel like you are in a predicament and cannot reach a settlement amicably, hiring a trusted homeowners insurance lawyer might be a good idea.

Filing a Suit Before Agreeing to a Settlement Offer

In general, if you agree to settle a claim with your homeowners insurance company, you will not be able to file a lawsuit. This is because during the settlement process, you will likely be asked to sign an agreement that prevents you from suing them. This includes releasing the company from having to cover any further payments on the specific claim after they have provided you with compensation.

There are a few circumstances that could allow you to bring legal action against the insurance company after you agreed to a settlement. This is often limited to errors or different interpretations in the language used or process that ensued. Another reason to file a lawsuit after a settlement might be if the settlement agreement was not written correctly or did not state your legal options. The latter two reasons are very unlikely. If you do not understand what you are signing, it may be advisable to have a homeowners insurance lawyer review the language before agreeing to or signing anything.

Filing a Homeowners Insurance Lawsuit with a Lawyer

If you are unable to reach a settlement with your insurance company, legal action might be possible. No matter the cause of your problems, understanding the full extent of your coverage and negotiating a fair value of your claim is something that an insurance coverage lawyer can do for you. If you would like to learn more about what options are available to you, please call Childress Loucks & Plunkett.

What You Can Do to Help Your Claim

Even a small error could cause your claim to be excluded from coverage. During the process of a homeowners insurance claim, you should do the following:

Take Notes – Any time you speak to the insurance company, write down the date, time, and names of the people you talk to.

Take Pictures – Make sure to take as many pictures as possible of damages and repairs. This is not limited to the initial damage, but also to damage that might worsen overtime and also to repairs that were made.

Talk with a Lawyer – Before you agree to settle, it will be a good idea to get advice from an insurance lawyer. As soon as you retain their services, it is prudent that you cut your direct communications with your insurance company. Rest assured your lawyer will be able to take care of all the necessary correspondence.

Childress Loucks & Plunkett

If you are in a dispute with your insurance company and need help from a respected coverage lawyer in Chicago IL, please call our office today for a consultation.