Know Your Rights as a Homeowner
Part of the reason so many people have concerns when they are deciding whether or not to file an insurance claim is that they are afraid of the possible ramifications of deciding to do so. “What if my claim isn’t approved, but the insurance company sees me as a bigger risk after the claim and raises my rates?” “What if the insurance company views me as more of a financial liability after I hire a public adjuster to handle my claim with them?” We routinely get these questions and others from clients, and for anyone asking them we have good news: you have legal rights in these matters.
What if the insurance company views me as more of a financial liability after I hire a public adjuster to handle my claim with them?
The threat of raised insurance premiums can be highly discouraging, so when approaching a claim, it is very important that you know when your insurance company cannot legally raise premiums. First and foremost, filing a claim with your insurance company does not raise your premium. Under Florida statutes, it is illegal for your insurance company to raise your premium simply because you filed a claim and they had to pay you for the damages you were owed. It’s important to note that this holds true whether you receive compensation or not.
Is illegal for Insurance Companies to raise your premium for Hiring a Public Adjuster
It is also illegal for insurance companies to raise your premium for hiring a public adjuster. From a legal perspective, public adjusters are like attorneys for the insurance process. In legal matters it is your right to hire an attorney, and so for insurance claims it is also your legal right to hire a public adjuster.
The only time it is legal for your premium to increase is if you change your coverage plan, change to a different insurance company, or if rates are raised for the entire state. No form of seeking a claim can ever legally be used to raise your premium.