After a disaster strikes, those who are left with mounting property damage and significant financial expenses should turn to an experienced insurance law firm to ensure they receive the compensation they deserve. At Palumbo Law, we represent homeowners, investors, and businesses in property loss claims. We have a proven track record of ensuring that insurance companies pay what is required, when it’s required. With decades of collective experience in the insurance industry, we know their playbook through and through, which allows us to always stay a step ahead and as a result, we settle for more – not less.
Lead Attorney Richard Palumbo has maintained a life-long passion for all aspects of real estate, which has provided unparalleled exposure to real property loss insurance claims. Attorney Palumbo completed his first insurance restoration job at the age of 16 – a soot cleanup caused by a boiler backup for the family of a close friend. During this soot cleanup job, Attorney Palumbo discovered that he enjoyed helping others recover from unexpected disasters – a passion that drives his work in insurance law. Since then, Attorney Palumbo has become a licensed insurance adjuster and contractor. Through his work as an adjuster and contractor, Attorney Palumbo has adjusted and repaired nearly every imaginable type of property damage and loss and brings this understanding to his insurance law practice.
At Palumbo Law, we only represent insureds – the policyholders. We refuse to represent insurance companies in their claim disputes. During his 15 years as a restorative contractor and insurance adjuster, Attorney Palumbo witnessed the insurance companies’ bad faith tactics of deny, delay, and underpay, which drives Palumbo Law’s fight to protect insureds. We refuse to represent insurance companies that put profits over policyholders.
Sources of Property Damage and Property Loss
Property loss can result from a multitude of sources – nearly all of which are outside of your control. The most common causes of property loss that we see are:
- Fire damage;
- Water damage;
- Wind damage;
- Storm damage;
- Ice dam;
- Smoke damage;
- Soot damage;
- Theft; and
Property damage and loss can become entwined and complex as one form of damage can quickly lead to another. For example, a fire in your home can result in water damage from the fire department putting out the fire, further resulting in mold throughout your house. The complexity of these claims is an area where many insurance companies benefit, as they attempt to characterize certain damage and loss as being excluded under your policy. Here, insurance companies engage in tactics to deny, delay, and underpay.
Insurance Company Tactics to Deny, Delay, and Underpay
Every dollar that an insurer pays out is a dollar that they lose in profit. Thus, insurers employ an army of adjusters, investigators, and attorneys to push their playbook of deny, delay, and underpay. You shouldn’t be alone in this battle against the insurer – after all, you’ve held up your end of the bargain by paying your insurance premiums on time. At Palumbo Law, we are in your corner as we work for you, not your insurance company.
An insurance companies’ first line of defense is to deny the claim. They will use their army of adjusters, investigators, and lawyers to comb through your policy and claim to try to find any basis to justify their denial. Even the slightest semblance of evidence to justify the denial will be sufficient for them to deny. By denying the claim, the insurance company hopes that you will accept the denial, or at the very least, they’ll drag out the process longer.
Insurers will delay as much as possible. This could be delaying their response to your claim, delaying the investigation, and any other delay that they can justify. By delaying the process as long as possible, the insurance companies hope that you are placed under greater financial stress and thus are more likely to settle for less.
Insurance companies will offer to settle for less than you’re entitled to. Here, they hope that the promise of getting some money now is more enticing to policyholders than the potential for a drawn-out claims dispute. This offer may be made at the very beginning of the process in the hope that they can avoid the time and costs associated with a claim that they know is valid. Alternatively, insurance companies use this tactic throughout the process to try to get you to settle for less. Remember, every dollar that they don’t have to pay is another dollar of profit for themselves.
Property Loss and Insurance Lawyer in Rhode Island, Massachusetts and Connecticut
The specialized and hand-picked insurance law team at Palumbo Law represents insureds across Rhode Island, Massachusetts and Connecticut. In addition to Attorney Richard Palumbo, Nicole Labonte and Roger Allcroft, two specialist insurance litigators, form our insurance law team. Additionally, we maintain strong relationships with trusted adjusters, contents specialists, appraisers, accountants, engineers, scientists, investigators, contractors, and other specialists to ensure that your claim is handled expeditiously and paid appropriately. Through these strong relationships, we will challenge your insurer in their stalling tactics and ensure that your losses are covered. You will have peace of mind knowing that we will be by your side as you restore order to your business or personal life. If you have a property loss insurance claim, call our office today for a free consultation or complete the contact form on our website.
Tell your insurance company “NO” and call Palumbo!