While most marine hail insurance policies include some exceptions and conditions under which claims may be legitimately denied, there are many cases of insurance companies unfairly denying hail claims or misleading marine policyholders about the terms of their coverage. If you own a vessel or marine company that has suffered damage or financial losses in a hailstorm, don’t jeopardize your recovery by ignoring or underestimating the insurance company’s attempts to minimize you claim. You can seek legal guidance and support with the process of recovering under the policies you hold.
Unfair Insurance Tactics to Limit Claims Can Mean Even Legitimate Marine Hail Losses Are Denied
Claims for hail damage cost the insurance industry millions of dollars each year, so it makes sense that the insurance industry works so hard to limit how much it must pay to policyholders after hail pelts a region. It’s not unusual for insurance companies to:
- Deny claims outright
- Argue about what hail damages are covered by existing marine policies
- Deny payments for the cost of full replacements after hail damages
- Undervalue hail damage to vessels and equipment
- Delay or deny hail-insurance claims to pressure marine policyholders to accept less
Focused Legal Support Helps
Marine Policyholders Fight Unfair Delays & Denials of Hail Claims
Marine claims for hail damage are most successful when they are handled with care and make the needs of the policyholder a priority. By working closely with an experienced policyholder attorney, you can force complex hail claims to a fair resolution and count on focused legal attention until your marine claim is settled fairly or resolved with skilled litigation.
For more information about negotiating complex marine claims after a hailstorm or other loss event, request a free copy of our book, Your Basic Guide to Marine Insurance. To discuss your concerns in more detail directly with an experienced policyholder attorney, don’t hesitate to phone our office or take advantage of the Live Chat available on this page.