Process and Appeals of Wilmington Insurance Claims
When preparing to file an insurance claim following some type of natural disaster or personal injury, it is wise to schedule a consultation before taking any type of action. The process and appeals of Wilmington insurance claims can be difficult to navigate through without the guise of someone who understands how the insurance companies think and operate. As a result, you should make it a priority to speak with a professional insurance lawyer who could review the facts of your case and help you prepare your claim.
How Does Wilmington Law Define Business Interruption?
Business interruption is loss of income that a business sustains after a disaster. The most common way this happens in North Carolina is when a hurricane or some other type of natural disaster comes through the area and impacts their business either by direct physical damage to their business or it impacts their area so much that roads must be closed and there is no way for people to get to their business.
Whatever the case may be, because of that natural disaster, their business has been interrupted and they have experienced loss of income because of the way that the natural disaster has affected their business or their area where their business is. Often, people have business interruption insurance, which can cover that loss of income that your business suffers after a disaster.
How Might Wilmington Law Influence the Way an Insurance Claim is Filed?
Wilmington law can influence the way an insurance claim is filed. If they have a claim in Wilmington following a natural disaster or following a hurricane-related to damage to their home, they are likely not going to be the only person that is filing an insurance claim in that area alone because these natural disasters, particularly hurricanes, are affecting such wide areas that so many people are filing a claim at one time. This can have a big impact on how their claim is handled.
If a claim is filed while no one else is filing a claim, such as when there is not a natural disaster going on, the insurance company is going to have more time and resources dedicated to their claim. However, when many people are experiencing damage at once, the insurance company is going to be swamped with claims. Their adjusters, both field adjusters and desk adjusters, become overworked as a result. Due to the overwhelming amount of claims, the insurance company may deny numerous claims, even in cases where they should not be denying a claim.
What Should a Person Do When a Claim is Denied in Wilmington?
In the event where an insurance claim is denied in Wilmington, not all hope is lost with the insurance company. Often, claims are wrongfully denied. The insurance company looks at the damage and they say that the cost of damage is not covered under their policy, but in some cases, that may very well not be the case. With the help of an attorney, the claimant may be able to show that the damage is covered by their policy and get the initial denial of the claim reversed. They also may have the right to appeal that denial. However, this depends on what the policy allows them to do.
Often there is also something called forced insurance, which particularly if they have a loan on their home and they have a mortgage on their home, they can often apply for forced insurance and their bank may apply for force insurance to cover damage to their home. That is something to ask their bank about in the event that their insurance claim is denied.
Speak with a Professional Attorney for More Insight
If you have any questions regarding what to do about a specific insurance claim, be sure to get in touch with our attorneys familiar with the process and appeals of Wilmington insurance claims. By having someone with this type of knowledge at your side, you could avoid many of the pitfalls that would negatively impact a claim and understand what to do in the event the insurance. Call today to learn more.
