Millions of people all over the United States pay a premium to several home insurance companies to keep them covered in the event of an emergency. However, different homes need various types of coverage. A home in Oregon, for example, might not need hurricane damage protection, while that kind of coverage is vital to people in Florida. Likewise, a motor home doesn’t need the same amount of coverage as a 10-story apartment building. High-rise insurance covers the disasters most high-rise apartment and office buildings might experience, such as:
- Water loss
- Overflow of sewer and drain lines
- Fire damage
- Sprinkler damage
- Smoke damage
- Wind and hail damage
- Mold and asbestos
- Vandalism and theft
- Computer system damage
- Hurricane damage
Often, the owners of such buildings must make calculations regarding the likelihood of different types of damages. For example, they might consider the kind of weather in their area. Florida high-rise buildings might require mold coverage because the high humidity and temperature could encourage mold growth.
If your building has been damaged, the best way to tell whether or not it is covered by your policy is to read the text closely. Hiring an experienced Florida insurance claims attorney would also be helpful during this process. You also need to document the entire extent of the damage. A good insurance policy will not only cover the building itself, but any furniture, clothing, appliances, and other belongings of any condo owner who owns a unit in the building.
Insurance companies can sometimes cause claimants difficulty in reclaiming some of the financial coverage the building may require. Because they can stand to lose a significant amount of capital, an insurance company might try to downplay the damage or find loopholes around paying. If you find yourself in this situation, you should hire a skilled lawyer today.
To discuss your case with one of our experienced Florida insurance claim attorneys, contact us at (844) 818-0774 or fill out our online form to schedule a case consultation today. The Morgan Law Group is a full-service law firm that focuses exclusively on civil litigation. We also offer more than 40 years of collective legal experience that we can put to work on your case. At our practice, we can provide hands-on guidance throughout your case. We look forward to discussing your situation and how we can meet your legal needs with you.