Migliaccio & Rathod LLP is investigating whether Indiana homeowners insurance companies have underpaid property damage claims by failing to apply inflation guard or inflation-protection provisions included in their policies.
Some homeowners policies include endorsements that increase dwelling coverage limits during the policy period to account for rising construction costs. Following a covered fire, storm, or other property loss, the amount of insurance available may be higher than the original limit printed on the declarations page.
Migliaccio & Rathod is investigating whether insurers used outdated coverage limits when calculating claims, potentially reducing payments owed to homeowners who purchased inflation protection.
Homeowners May Have Experienced:
- Receiving a claim payment based on an outdated dwelling coverage limit;
- Having inflation guard adjustments omitted from a settlement;
- Being told their coverage was exhausted despite an applicable inflation-protection provision;
- Receiving less than the coverage amount promised by their policy;
- Paying additional rebuilding expenses that may have been covered; or
- Difficulty obtaining an explanation of how inflation protection was calculated.
Potential Claims May Include:
- Failure to apply inflation guard endorsements;
- Incorrect calculation of contractual coverage limits;
- Breach of insurance contract;
- Improper denial or underpayment of covered benefits; or
- Violations of applicable insurance laws.
Signs You May Be Affected:
- You owned a home insured in Indiana;
- Your policy included inflation guard or inflation-protection coverage;
- You experienced a covered fire, storm, or other substantial property loss;
- Your insurer calculated payment using the original dwelling coverage limit;
- You believe the adjusted limit should have been higher; or
- You have your policy declarations, endorsements, and claim payment records.
If you believe you experienced this issue, we would like to hear from you. Please complete the contact form on this page, send us an email at [email protected], or give us a call.