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SEATTLE, May 04, 2018 -- QuoteWizard, an online insurance comparison marketplace, today released a report examining when homeowners should seek legal help for an insurance claim.
Citing recently released data from JD Power and the Insurance Information Institute, the report found that homeowners unsatisfied with their insurance claim payout should always seek legal help because of the small financial risk of doing so.
Overall home insurance claim satisfaction is at an all-time high of 86 percent. This is despite the fact that claim frequency and severity is increasing, due primarily to natural disasters.
- The average home insurance claim is for $11,402
- 14 percent of homeowners experience dissatisfaction with their home insurance claim payout
- 5.9 percent of insured homeowners file a claim every year
- Less than five percent of filed lawsuits go to trial
The 14 percent of homeowners that are unsatisfied with their claim should consult an experienced attorney. Insurance attorneys often handle cases on a contingency fee basis, meaning homeowners have little financial risk to fight an insurance claim. Consumer-friendly insurance regulations in states like Florida mean insurers must pay for the insureds legal fees. Insurance companies do not want cases to go to trial, so settlements are common.
The report also covers common claim disputes, claim negotiation options outside of legal help, and how to find a qualified lawyer.
About QuoteWizard
QuoteWizard (quotewizard.com) is an insurance comparison marketplace for consumers looking to save on insurance. QuoteWizard provides consumers with direct access to thousands of qualified agents in all 50 states, as well as major carriers, who offer personalized quotes and the opportunity to save up to 40% on auto, home, health, and life insurance. Agents and carriers, in turn, benefit from millions of highly qualified leads, calls and traffic to their site. Based in Seattle, QuoteWizard was founded in 2006.
Contact:
Adam Johnson
Content Manager
[email protected]
