Simplify Your Life with a Property Insurance Lawyer in Denver

Every property owner has insurance policies in place for worst-case scenarios and devastating events. However, property insurance can be complicated and confusing for many individuals. When filing a claim, the last thing you need is the frustrating realization that your policy is insufficient or no longer applicable. That’s why you should consult with a property insurance lawyer in Denver, like our team at MoGo LLC.

Our attorneys have helped clients navigate hundreds of insurance claim disputes over the years and we can help give you the assurance that your policies will provide appropriate coverage when you need it. Here are just a few insurance issues that we can provide assistance with.

Underinsurance

Are you fully insured? Over the past decade, several devastating wildfires have torn through Colorado from the Marshall Fire in Boulder to the Hayman Fire near the foothills of Denver. It’s more important than ever before to make sure that your home is fully insured for the proper amount. The best way to know if you’re properly insured is to compare your current coverage against the cost of rebuilding your home.

Do you know how much it will cost to rebuild your home? The exact price can vary depending on many factors, such as:

• Your property’s location
• Inflation
• Rapidly changing market conditions
• Labor and material costs
• And more

The limit of your insurance coverage should be enough to fully rebuild your home. Don’t let the limits of your insurance policy hinder your ability to rebuild your home if the worst were to happen!

If you are unsure of your coverage, request a copy of your policy. Under Colorado law, you are entitled to a certified copy of your policy within 30 days of a request. If you currently have a claim, you may want to obtain a complete electronic copy of your policy, which your insurer must deliver within three business days of your request.

Are you still unsure if you’re underinsured? Contact our property insurance lawyer in Denver today for a free consultation! We will consult with you before or after a claim to review your policy.

Late Notices

Nearly all property insurance policies require owners to give insurers prompt or immediate notices in the event of a loss. This can be tricky for many property owners when losses are not immediately present or visible. For instance, if your roof is damaged by hail, you may not realize the damage has occurred until years later when you discover a roof leak. In this situation, your insurance company may deny your claim because you failed to give prompt notice of the original hail loss.

That’s why it is important for owners to visually inspect their roofs at least once per year – preferably after hail season. As a property owner, it’s in your best interest to inspect your entire property every year to spot signs of damage that need to be addressed sooner rather than later.

If you are currently in a “late notice” situation with your insurer, call our property insurance lawyer in Denver today!

Payment Disputes for Your Loss

For some claims, your insurance company may initially try to settle your loss for pennies on the dollar. Insurers offer these low payouts because they may not anticipate that you’ll seek the help of a lawyer or other legal professional. But you do not have to accept their evaluation of your claim!

If you think your insurer got the payment amount wrong, there are a few things that you can give you an upper hand:

• Price of Repairs – Insurers are legally required to pay the prevailing competitive market price for repairs in your geographic location. They’re required to pay all reasonable costs you incur for your repairs, minus your deductible. That means, if you can show their payment does not meet the prevailing competitive market price, you may be eligible for a higher payment.
• Appraisal – Most insurance policies have an appraisal provision, which is an alternative dispute resolution method. It is designed to resolve a disagreement between the insurer and the policyholder about the amount of the loss. In most cases, both parties will hire appraisers, who will then attempt to agree on the amount of the loss.
  • If the appraisers cannot agree, then they’ll ask a third party, an umpire, to weigh in on the dispute. Appraisals are typically, but not always, binding, and the specific provision of your policy will impact how the appraisal will be conducted.
• Hire a Property Insurance Attorney – In Denver, homeowners and commercial property owners alike can get gouged by insurance companies. The right attorney will be able to offer legal advice about your policies, support you through the insurance claims process, and represent you in court if needed.

If you think your insurance company got the payment wrong, contact MoGo LLC today!

Book a Consultation with our Property Insurance Lawyers in Denver and Winter Park!

At MoGo LLC, we have handled hundreds of property insurance bad faith and breach of contract disputes. Our skilled legal team is adeptly familiar with every part of the insurance industry and can provide the legal services you need to ensure your property is appropriately covered.

Contact MoGo today to set your free consultation with our insurance lawyers in Denver or Winter Park.