New York Property Owners Face Insurance Claim Denials
Your New York property suffered fire damage, water damage, storm damage, or theft. You filed a claim expecting coverage. Your insurer denied the claim or offered 30% of actual losses.
Insurance companies target New York claims aggressively. They undervalue repairs in New York's expensive markets. They claim damage was pre-existing in older buildings. They dispute coverage boundaries in co-op and condo policies.
The New York Department of Financial Services receives thousands of complaints annually about denied and underpaid claims. Property owners without professional representation lose millions in unpaid benefits.
Why New York Claims Get Denied
New York construction costs rank among the nation's highest. NYC costs exceed national averages by 50-60%. Upstate and Long Island costs run 30-40% above national norms.
Insurers use national pricing databases that dramatically undervalue New York repairs. They refuse to pay actual replacement costs. They pressure property owners into accepting settlements that barely cover materials, ignoring labor premiums.
Older building stock throughout New York contains aging systems. Insurers claim damage resulted from deferred maintenance rather than sudden covered events. Co-ops and condos face additional coverage disputes between unit policies and building master policies.