Explaining Intent for Suit

Homeowners insurance is intended to protect homeowners against financial losses resulting from unforeseen events such as fire, theft, or natural disasters. When a homeowner makes a claim, they expect to be compensated in a timely and efficient manner. However, sometimes insurance companies may deny, delay or undervalue the claim, leaving homeowners in a difficult position. This is where Intent for Suit can be a helpful tool for homeowners to get paid faster.

Intent for Suit is a legal document that can be filed by homeowners who are dissatisfied with the insurance company’s handling of their claim. It is a formal notice that informs the insurance company that the homeowner is intending to file a lawsuit if their claim is not resolved fairly and promptly.

One of the main benefits of filing Intent for Suit is that it can often speed up the claims process. When an insurance company receives an Intent for Suit, they know that the homeowner is serious about their claim and is willing to take legal action if necessary. This can prompt the insurance company to take the claim more seriously and work to resolve it as quickly as possible.

Another advantage of Intent for Suit is that it can lead to a faster and more cost-effective resolution than litigation. When an insurance company receives an Intent for Suit, they may choose to invoke the appraisal process. Appraisal is a method of resolving disputes that involves each party selecting an appraiser to assess the value of the claim. If the two appraisers cannot reach an agreement, an independent umpire is brought in to make a final decision. This process can be quicker and less expensive than going through the court system.

In addition, insurance companies may prefer to invoke appraisal rather than go to litigation because it can lead to a more objective and fair assessment of the claim. When a case goes to court, it is often up to a judge or jury to decide the outcome. However, in appraisal, the decision is made by independent appraisers who are experts in the field.

Overall, Intent for Suit can be a useful tool for homeowners who are struggling to get their claims resolved fairly and quickly. It is important to note that homeowners should only file Intent for Suit after they have exhausted all other options for resolving the claim with the insurance company. It is also important to seek the advice of an experienced attorney before filing Intent for Suit to ensure that it is the best course of action for their specific situation.

In conclusion, Intent for Suit can be an effective way for homeowners to get their claims paid faster and more fairly. By showing that they are willing to take legal action if necessary, homeowners can encourage insurance companies to take their claims more seriously and work towards a prompt resolution. Additionally, by invoking appraisal rather than litigation, both parties can save time and money while still arriving at a fair decision.

On average, a policyholder makes 747% more money using a Public Adjuster. (Source OPPAGA)

If you opened a claim with your insurance, our team can help you get paid, we have handled all types of claims in the past and we are confident in the fact we can assist you in these troubling times.

Call or Text me anytime at my Personal Cell (786) 818-9642 or send me an email at Armando@CaliberAdjusters.com