Top Five Problems You May Encounter With Your Insurance Company when Filing a Claim

Top Five Problems You May Encounter With Your Insurance Company when Filing a Claim

The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization for insurance companies. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. NAIC also provides resources to help insurance policy buyers navigate insurance and make better informed decisions.

As a part of NAIC’s regulatory oversight agenda, it tracks complaints reported by consumers to their respective state insurance departments. Confirmed complaints are those where insurance providers have committed a violation of state insurance law or regulation, federal requirements, or terms of an insurance policy.

Top Five Insurance Claim Problems With Your Insurance Provider

If you are experiencing problems with your insurance company, you are not alone. In 2021, more than 12,000 complaints against homeowners insurance providers were investigated by state insurance departments, given a resolution code, and considered closed. Consistently, the top violations committed by insurance providers across all types of insurance include:

  1. Delays in insurance claim handling (read our article, How Long Does It Take for an Insurance Claim to Be Approved in Florida?)
  2. Unsatisfactory settlement or offer when the consumer deserves more (read our article, Why Your Insurance Claim Payout Will Be Too Low: Problems Associated with Estimation Software)
  3. Unfair denial of claim
  4. Mishandling of the claim by the insurance company’s adjuster
  5. Lack of prompt payment of the settlement

Getting what you deserve: How do you fight your insurance company?

You always have the option of filing a formal complaint with your state’s insurance department. Whether you file a formal complaint with your state’s insurance department or not, you’ll want expert help.

If you are a Florida property owner experiencing insurance problems, CORE Public Adjusters can help. We fight to overcome delays in insurance claim handling, unsatisfactory settlements or offers, claim denials, service delays, and improper adjuster handling of your case. CORE Public Adjusters has a team of professionals experienced with each stage of the claims process. We have staff members in place, all experts in their job role, from estimating damage and monitoring the claims process, to getting our clients paid fast, and everything in-between. Our specialized employees ensure that you get the best outcome and service experience possible.

Read our articles, Who is CORE Public Adjusters? and  How CORE Public Adjusters Helps Clients File Insurance Claims.

Ready to get started with CORE Public Adjusters?

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