Legal News / Alonso Perez, LLP

Limiting Coverage and Raising Premiums

Via: ReleaseWire

Updated 10:56 AM CST, Wed, March 06,2019

A Florida insurance company made headlines in 2018 when it made changes to its policies that would cap coverage of non-weather-related water damage at $10,000 for policyholders who opted not to use its approved managed repair contractor network. This network is comprised of handpicked contractors that the insurer believes may assist with stemming the common practice of contractors pressuring policyholders into signing over the claim benefits, performing work that is unnecessary, and then suing insurance companies if they refuse to pay.

Miami, FL -- (SBWIRE) -- 03/06/2019 -- Despite placing coverage limits on policyholders in regards to water damage if they choose to go with contractors not approved by the insurer, the company is still raising insurance policy premiums, a move expected to go into effect in September.

To read more about the changes, please visit the following link:

This information is provided for educational or informational purposes only and should not be construed as legal advice. The information is not provided in the course of an attorney-client relationship and is not intended to substitute for legal advice.

About Alonso PĂ©rez LLP
Consisting of attorney Rafael Alonso, the law firm dedicates itself to representing businesses and individuals across South Florida in insurance disputes. The firm is passionate about serving its clients as a primary resource and partner in all aspects of their business growth and financial development. For more information call 305.676.7545 to speak with a Miami insurance attorney or to request a free consultation.

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