Dealing with an insurance claim for damage to your home or business property can feel overwhelming — especially handling paperwork and speaking with various claims representatives. Among other forms, you might be asked to sign a property insurance claim release.
But what exactly is this form… and should you sign it?
A property insurance claim release has the same ramifications as a contract. And if you do not understand your rights, you should seek the legal advice of a trusted insurance attorney.
Property Insurance Claim Release
This release is a type of form most used after an accident, often one involving automobiles. However, it can also be used for homeowners’ insurance claims.
You might be sent this form before you receive a settlement check, or along with one. And it’s important to understand how current property insurance laws in the state of Florida can affect you.
If you sign a property insurance claim release, you are probably finalizing or closing your claim and giving up your rights related to that incident. It is crucial to understand your rights and determine if you are receiving a fair settlement from the insurer before you sign a release.
To Sign or Not to Sign?
You are not always required to sign a property insurance claim release. If an insurance company seems to be giving you the legal runaround or asking you to sign a release in exchange for an uncontested payment, you may not be getting a fair settlement.
Before committing to a settlement and signing this type of release, take these action steps:
- Contact a trusted Florida property damage attorney
- Review your insurance policy
- Most people don’t understand what their policy covers and how to value the damage
- Understand all the damages and what they are worth.
- Understand everything that your policy covers
- Keep records of your insurance correspondence
- Document all repairs and damages
- Take photographs of accident
Ultimately, signing a release for a property insurance claim can be the right or wrong move, depending on your settlement.
If you are still unsure about whether you are receiving a fair settlement, contact the Florida Professional Law Group today. There are no costs or fees if we don’t recover, meaning we don’t get paid unless you get paid.
We have a full team of attorneys, claims specialists, support staff, and even a client services team available to guide you through this process. Reach out to us for a free consultation by submitting this form or calling our Insurance Claims Helpline: 800-LAW-4141.
