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The Effect of a Few Inches of Floodwater on the Value of a Claim

On Behalf of | Dec 4, 2015 | Insurance Claims |

A difference of three inches does not seem like much, but when it pertains to flooding in your home, it can have a noticeable effect on the dollar value of damages. However, property insurance companies can use those inches to find reasons to reduce claim values. Our Fort Lauderdale insurance claim law firm sees its share of flood damage claims and we often get called in when the inches matter.

Extra Inches Affect Only Certain Aspects of a Flood Damage Claim

Water in your home, from whatever source, can cause significant and costly damage. See exactly how much with the Floodsmart.gov Cost of Flooding tool. For all flood events, even just an inch of water will cause significant damage to floors, carpeting, baseboards and moldings.  But, the higher the water goes, the more expensive and extensive the damage is to items such as:

  • Doors and windows
  • Walls, including insulation and finishes
  • Furniture
  • Computers and accessories
  • Electrical components and systems

Any Number of Variables Can Affect Flood Losses

Of course, the Floodsmart.gov numbers are only estimates. The value of a flood loss claim will be based on your specific situation, including the value of your property, your policy limits, any deductibles and the amount of additional coverage you carry for specific valuables such as antiques, artwork and jewelry.

Chances are that the first insurance settlement offer will not be the best. Do not sign away rights to the full compensation you deserve without first seeking experienced legal advice. Call us at (954) 928-9568 or use our convenient online contact form to find out if your claim is worth more than the offer.

Founding Partners Damaso W. Saavedra and Allyson D. Goodwin