Attorneys Handling Insurance Disputes Involving Multi-Family Dwellings in Louisville and Beyond
Professional counsel for owners of large housing units in Kentucky
As a landlord, you are a business person who understands the importance of property insurance for your multi-family dwellings. There is always the possibility that your property could be destroyed by fire, flood, a wind storm or other unforeseen disasters. If you have purchased condominium, townhouse or individual apartment, you may also be surprised at what is covered by an umbrella policy for the building as a whole, and what is not.
You can rely on the insurance dispute attorneys at McWherter Scott Bobbitt to be your advocate when your insurance company has denied a valid claim, is delaying payment of your claim or otherwise causing you to think they might not pay your claim. We are here to hold the insurance companies accountable to uphold their promises, and to protect your interests.
Types of losses insurance covers in multi-family dwellings
If you own a multi-family dwelling in Kentucky, you should purchase an insurance policy that covers the structure of the building, and liability protection. If you own any of the furniture inside the building, you may be required to add personal property coverage. Additional coverages that you should look into might include:
How do I know if my landlord insurance company is acting in bad faith?
Simply denying your claim does not necessarily mean that your insurance company is acting in bad faith. Some examples of actions that could rise to the level of a bad faith claim under Kentucky law might include:
- Misrepresenting policy provisions
- Refusing to pay a claim without conducting a reasonable investigation
- Making a lowball settlement offer
- Depreciating of labor and/or materials after using Xactimate software
- Failing to promptly settle claims
- Compelling the policy holder to file a lawsuit to recover the amount due on their policy