Tuesday, May 3, 2016

4 Common Pitfalls to Consider When Filing Your Flood Claims


The recent flooding in the Houston Metropolitan area resulting from nearly 15 inches of rain in a 10-hour period caused the city to come to a standstill. With the water beginning to recede, it also begins to uncover the damage to homes, buildings, highways and construction projects in the area. If you are one of the many Houstonians affected by the floods, you may be in the process of working with your insurance company to file a claim, but are having difficulties understanding the logistics of your plan. 

The Cromeens Law Firm, PLLC, Senior Counsel and insurance coverage expert Janet Giessel Townsley, J.D., provides these four pitfalls to be on the lookout for while navigating through the complications of filing a claim:

  • Limitations to your policy – Simply having your standard homeowners, renters or auto insurance does not guarantee that you are covered for flood damages. Even with flood insurance, your policy may only cover direct physical loss, and not replacement costs or other losses.
  • Flood loss deductibles – Do you know which deductibles and limits will apply in a flood occurrence? While your automobile deductible can be straightforward, flood insurance deductibles have options for your structure and a different option for your possessions. Have you chosen yours wisely? 
  • Requirement misunderstandings – Often times, a business owner renting a commercial space is under the impression they are covered through the policy of the property owner; even if you are renting a commercial space, flood insurance is still required under the name of your business. 
  • Failure to seek out professional assistance – It’s easy for business and home owners to get caught up in the technical insurance verbiage within their policy and not fully understand what they are reading, therefore, missing an opportunity to file a claim. Seeking out the assistance of a knowledgeable professional can help you understand your coverage and get the assistance you are entitled to.
With most insurance cases, the damage and liability is evaluated on a case-by-case basis, and since insurance policies can be difficult to understand, you should contact an experienced insurance lawyer to help you better analyze your policy.

If you have suffered a loss of property as a result of the recent flooding, The Cromeens Law Firm can assist you in beginning the clean-up process. Whether it’s home or auto insurance, our insurance attorneys can help you claim the coverage you are entitled to.

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