The Law Offices of Oscar Syger is an insurance claims denials law firm in Pembroke Pines, Florida that can help you if you are a homeowner trying to appeal a denied hurricane insurance claim or a small business owner trying to appeal a denied business interruption claim due to the coronavirus. Homeowners and business owners purchase insurance to protect them in the event of unexpected losses and insurance companies have a responsibility to pay these claims accordingly. Hurricane season is just around the corner and the Law Offices of Oscar Syger is here to help homeowners should they need assistance with a denied hurricane insurance claim. However, due to the recent coronavirus pandemic, business owners have been facing denied insurance claim issues of their own.
In recent weeks, the greatest volume of cases involving insurance claim denials relates to denied business interruption insurance claims. Small business owners in Florida, including restaurant owners, and even the owner of a dive shop, have pursued lawsuits claiming insurance bad faith for denied business interruption insurance claims. While some insurance policies might explicitly exclude pandemic or virus claims, others may not have explicitly excluded these claims, and other business interruption claims may even include provisions for coverage in the event of civil orders that prevent a business from operating. According to the Claims Journal, hundreds of small business owners have filed federal lawsuits for denied insurance claims and thousands more of these lawsuits are anticipated. The number of lawsuits doesn’t include lawsuits that may have been filed at the state level for denied insurance claims.
The Law Offices of Oscar Syger is an insurance claims denials law firm in Pembroke Pines, Florida that works with individuals who have experienced a range of insurance claims denials. We understand that the coronavirus shutdown has been devastating for small businesses, particularly businesses in the hospitality industry. If you are a small business that had to close due to COVID-19 and have business interruption coverage, you may want to speak to the Law Offices of Oscar Syger in Pembroke Pines, Florida. Our insurance claims denials law firm in Pembroke Pines, Florida may be able to help you navigate the claims process and appeal a denied claim.
Why are Insurance Companies Denying Business Interruption Coverage?
The central concern at stake in denied business interruption coverage involves whether the coronavirus could be considered to have caused physical damage to a business-owner’s property. With so much money at stake for post parties, it is clear that both sides are passionately arguing the issue—with insurance companies claiming that coronavirus damage is excluded and business owners claiming that coronavirus damage should be included. Insurance companies claim that a virus can’t cause lasting physical damage to a property, while business owners claim that the presence of the virus in the air due to the outbreak could constitute a form of damage to the property.
While some insurance policies explicitly exclude viruses, other policies don’t explicitly contain these exclusions. In fact, some policies were purchased with the intention of extending coverage to include event cancellation insurance and some policies included language that covered business owners in the event that a civil order closed business. If your policy included this language, you may have the right to file a claim.
While many states are considering passing laws to address insurers’ role in providing coverage, with several states already requiring insurers to pay claims, business owners in Florida should not rely on laws being passed to make a claim. If you have business interruption coverage, making a prompt claim is important. If your claim is denied, you can then speak to a denied insurance claims lawyer at the Law Offices of Oscar Syger in Pembroke Pines, Florida.
Have a Denied Insurance Claim? Contact the Law Offices of Oscar Syger
In recent weeks, denied insurance claim law firms have been seeing a high volume of questions from business owners who have had their business interruption insurance claims denied. For many business owners, the successful settlement of these claims can mean the difference between solvency and insolvency. Many businesses are struggling to stay afloat in the wake of the disruptions caused by the coronavirus.
However, the coronavirus is not the only threat looming on the horizon for Florida residents. As hurricane season approaches, businesses and homeowners may find themselves facing other threats. In the weeks ahead, if you have had an insurance claim denied, it is important to understand that you have the right to appeal your denied claim. The Law Offices of Oscar Syger is a denied insurance claim lawyer in Pembroke Pines, Florida that may be able to assist you with your denied insurance claim. Our denied insurance claim lawyers can review your policy, help you understand your policy’s limitations and coverage, and fight to help you get the settlement you may deserve under the law.