Breaking Legal News & Current Law Headlines | Daily Legal Briefing
  • Home
  • Hot Topics
  • Breaking
  • Business
  • Big Law
  • Small Law
  • Law School
  • Legal Tech
No Result
View All Result
No Result
View All Result
Breaking Legal News & Current Law Headlines | Daily Legal Briefing
No Result
View All Result
Home Business

How Common are Homeowners Insurance Claim Denials in Michigan?

Daily Legal Briefing by Daily Legal Briefing
March 5, 2022
in Business
0
How Common are Homeowners Insurance Claim Denials in Michigan?
4
SHARES
32
VIEWS
Share on FacebookShare on Twitter


Denied claims happen more often than many people realize. This is at least in part because the insurance business model depends on providers taking in much more money for premiums than making payouts for unforeseen damage.


Detroit, MI – Homeowners insurance is supposed to protect against various kinds of losses. This includes severe weather, fire, theft, vandalism, and lawsuits against the homeowner. When the policyholder experiences these types of damage and files a claim, the claim may not always be approved for various reasons. This can be extremely frustrating, and at times the insurance company may be acting illegally. People who are dealing with issues related to insurance claim denials in Michigan can contact a lawyer for help. 

Reasons for claim denials

Sometimes, a claim is filed but the insurance provider does not approve it for various reasons. Some of the reasons why claims are denied are paperwork mistakes by the claimant, missing a deadline to file the claim, clerical mistakes by the provider, the coverage on the policy is not applicable to the type of damage, or bad faith claim denials by the provider. In some of these situations, the homeowner may be out of luck because their policy legitimately does not apply to their damage. However, it is common for insurance companies to either make serious mistakes or illegitimately deny claims that should be paid out. 

The frequency of claim denials

Denied claims happen more often than many people realize. This is at least in part because the insurance business model depends on providers taking in much more money for premiums than making payouts for unforeseen damage. In other words, it is in the insurance company’s interest to deny claims and avoid payouts as much as they can. In extreme cases, this causes insurance companies to deny claims that should be paid out based on the terms of the policy, which is a practice called bad faith denials.

Brown home sweet home wall frame; image by Julie Hochgesang, via Unsplash.com.
Brown home sweet home wall frame; image by Julie Hochgesang, via Unsplash.com.

Claim denials can also happen for a number of legitimate reasons. Homeowners should be familiar with the terms of their policy, their deductible amount, and time limits for making claims. The combination of legitimate and illegitimate reasons to deny a claim means that there is a good chance any given claim may not be approved. 

Help after a claim denial

Most insurance companies offer some kind of appeal process to review a denied claim. There is no guarantee that an appeal will correct any issues and cause the claim to be approved. In fact, because the insurance company controls this process it is likely that the result will be the same. In many cases after a claim denial, outside help from an attorney is often the best option. 

Finding a local insurance lawyer

USAttorneys.com is a website that helps people in Detroit and other cities around the country get the right kind of legal help. Anyone who needs more information about bringing various kinds of lawsuits can use the directory to find an attorney nearby. 



Click to Read Original Article

Previous Post

What is the Purpose of Paying for Homeowners Insurance in Maine?

Next Post

How Can Homeowners Reduce Insurance Policy Costs in Minnesota?

Daily Legal Briefing

Daily Legal Briefing

Related Posts

Katie Hinson Lewis Named to South Carolina Lawyers Weekly’s  Real Estate Power List 
Business

Katie Hinson Lewis Named to South Carolina Lawyers Weekly’s  Real Estate Power List 

by Daily Legal Briefing
December 1, 2023
Latino Leaders Magazine Names Shumaker Partner to Top Latino Lawyers 2023
Business

Latino Leaders Magazine Names Shumaker Partner to Top Latino Lawyers 2023

by Daily Legal Briefing
December 1, 2023
Billion-Dollar Lawsuit Accuses Cristiano Ronaldo of Misleading Binance Investors in NFT Scheme
Business

Billion-Dollar Lawsuit Accuses Cristiano Ronaldo of Misleading Binance Investors in NFT Scheme

by Daily Legal Briefing
December 1, 2023
How to Reduce Litigation Cost for Your Law Firm Clients
Business

Defense Attorney: Your Legal Career Guide

by Daily Legal Briefing
November 30, 2023
Starting Salaries for District Attorneys
Business

Defending with Integrity: Ethics in Criminal Law Practice

by Daily Legal Briefing
November 30, 2023
Next Post
How Can Homeowners Reduce Insurance Policy Costs in Minnesota?

How Can Homeowners Reduce Insurance Policy Costs in Minnesota?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

Massive Rodent Infestation Prompts Closure of Family Dollar Stores, Product Recall

Massive Rodent Infestation Prompts Closure of Family Dollar Stores, Product Recall

February 21, 2022
Is Your Practice Management Tech A Fit For Your Practice?

Is Your Practice Management Tech A Fit For Your Practice?

November 17, 2022
Weekly Firm-Wide Happy Hour Is A Red Flag

Weekly Firm-Wide Happy Hour Is A Red Flag

July 29, 2023

Browse by Category

  • Big Law
  • Breaking
  • Business
  • Hot Topics
  • Law School
  • Legal Tech
  • Small Law

About US

Breaking Legal News & Current Law Headlines | Daily Legal Briefing.
Online coverage of breaking legal news and current law headlines from around the US. Top stories, videos, insight, and in-depth analysis.

Categories

  • Big Law
  • Breaking
  • Business
  • Hot Topics
  • Law School
  • Legal Tech
  • Small Law

Recent Updates

  • Another Top 50 Biglaw Firm Shows It’s At The Top Of The Associate Compensation Heap
  • How Generative AI Can Enhance Legal Research Responsibly
  • Katie Hinson Lewis Named to South Carolina Lawyers Weekly’s  Real Estate Power List 

© 2021 Daily Legal Briefing | Breaking Legal News & Current Law Headlines

No Result
View All Result
  • Contact Us
  • Home

© 2021 Daily Legal Briefing | Breaking Legal News & Current Law Headlines

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?