In the event that they file a claim, many people believe their insurance company will compensate them appropriately. When an insurance company assesses a claim, they often determine that the damages aren’t as serious as they initially thought. They’ll even send you a check, hoping you’ll cash it as soon as possible, but this is an underpayment.

Too many people accept the first check the insurance company sends out of fear that fighting it could cause them to lose all of their compensation. They don’t want to make any trouble or delay necessary treatment or repairs by disputing the claim. However, accepting this money allows the insurance company to break its contract with you. These checks are typically far less than you deserve. Receiving an underpayment could result in you being unable to fix your property without coming out-of-pocket for costly repairs.

What is an Underpaid Claim?

Underpaid insurance claims don’t get paid by your insurance company in full for various reasons. Insurance companies are often overwhelmed with claims after large natural disasters. They send adjusters to inspect your damage, but the adjuster rushes through the inspection process to move on to the subsequent claim. A part of the damage may have been overlooked or not adequately documented. Whatever their method, the result is the same. You received an underpaid claim.

Why Do Insurance Companies Underpay Claims?

It is the goal of insurance companies to make money, so they often underpay claims to maximize profits. Taking advantage of a policyholder who may not understand what their plan covers is one way for insurance companies to keep your money, but that’s not the only reason. Insurance companies also engage in the following tactics:

The damage is not accurately assessed
Their interpretation of your contract is incorrect
They do not conduct a full investigation
They cite an inapplicable exclusion in the policy

They believe they can get away with these tacts and pay less than what’s owed to you. While they take steps to keep money in their pockets, you’re left struggling with the aftermath of an underpaid claim.

What To Do When You Receive an Underpaid Claim

Initially, you might be tempted to cash the check for fear that it’s the only financial resolution you’ll get. The settlement may be considered a final and complete settlement. Your best option is to speak with an insurance attorney in Coral Gables about reopening your claim if you want to make sure you get compensated correctly and fairly. If you want to be sure you are being compensated correctly and fairly, you need to take action and determine why you are being offered the wrong amount.

At Moises|Gross, our underpaid claims lawyer in Coral Gables, FL, can help you understand and navigate the claims process and how much money you should receive. Our claim or case evaluation is completely free to you. You’re already under enough stress, so we make the initial process stress and risk-free. We only get paid if we’re successful!

Get Expert Legal Help With Your Underpaid Claim

The skilled Coral Gables underpaid claims attorney at Moises|Gross understands that you likely filed your insurance claim because of a traumatic event. Whatever the situation, you don’t deserve to get underpaid for your loss. That’s why we provide our clients with white-glove service. We take care of the paperwork, collect the evidence, and handle the negotiations so you can begin moving on.

With over 75 years of combined legal experience, our underpaid insurance claims lawyer in Coral Gables, FL, is ready to take on your insurance company. They may use intimidating and confusing techniques to scare you into accepting less money than you’re owed but rest assured their tactics won’t work on us. We know how to speak their language, which has led us to recover over $100M withheld from clients, successfully handle over 7,000 unique cases, and satisfy over 4,000 wrongfully denied claims, resulting in thousands of satisfied clients.

Throughout our professional relationship, you’ll learn why we have had zero complaints against us with The Florida Bar. We want our clients to know any updates in their cases, so we’ll remain in constant contact. If you do have questions, never hesitate to give us a call. You’ll speak with your lawyer or the managing partners directly, not solely with their team of paralegals. Any messages left will receive a prompt response because you are important to us. You’ll always be more than a number on a case file.

Don’t Let the Insurance Company Take Advantage of You

A Coral Gables, FL, insurance claims lawyer is not required for you to fight underpaid claims, but it certainly helps, especially when you may not understand the language in your policy. Let us put our experience and insurance law knowledge to work for you.

If you received inadequate claim compensation, don’t settle for less than you’re owed. We’ll review your claim or case and begin to fight for the compensation you deserve. Call Moises|Gross today to start your no-obligation, free case evaluation.