Migliaccio & Rathod LLP is investigating whether Nebraska homeowners insurance companies have failed to account for promised inflation-protection increases when calculating property damage claims.
Certain homeowners policies include provisions that gradually increase the dwelling coverage limit over time. When a covered storm, fire, or other event causes substantial damage, the insurer may be required to calculate payment using an adjusted coverage amount rather than the original limit stated when the policy began.
Migliaccio & Rathod is investigating whether homeowners received reduced claim payments because insurers failed to apply inflation-protection provisions included in their policies, potentially leaving families with unexpected rebuilding expenses.
Homeowners May Have Experienced:
- Receiving an insurance settlement based on an outdated dwelling coverage limit;
- Having inflation-related coverage increases omitted from a claim calculation;
- Being told their policy limit was exhausted despite an inflation-protection provision;
- Receiving less than the coverage amount required by their endorsement;
- Paying additional rebuilding expenses out of pocket; or
- Difficulty verifying the dwelling coverage limit applicable on the date of loss.
Potential Claims May Include:
- Failure to apply promised inflation-protection benefits;
- Incorrect calculation of contractual coverage limits;
- Breach of insurance contract;
- Improper underpayment of covered property losses; or
- Violations of applicable insurance laws.
Signs You May Be Affected:
- You owned a home insured in Nebraska;
- Your policy included inflation protection or automatic dwelling coverage increases;
- You experienced a covered fire, storm, or other substantial property loss;
- Your claim approached or exhausted the dwelling coverage limit;
- You believe the insurer used an outdated limit rather than the required adjusted amount; or
- You have the relevant policy endorsement, declarations page, and 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.