CIVIL REMEDY NOTICE (CRN) – FLORIDA

Your insurance policy is a contract between you, the policyholder, and the insurance company. Among other various obligations, policyholders are required to pay a premium, also known as, the cost of insurance. In exchange for the premium, the insurance carrier is required to properly pay the insured when they experience a covered loss. Unfortunately, most of the time, insurance carriers do not hold up to their end of the deal. Sometimes, insurance carriers will intentionally and wrongfully delay, underpay, lowball, deny, or even totally ignore covered claims filed. Here in the State of Florida, a law that’s intended to protect policyholders, insured, homeowners and business owners from the insurance company’s unfair ways, known as “Bad Faith.” If you have a claim and you are experiencing an intentional delay, denial or underpayment of a valid claim the act of bad faith may be happening to you.

If you have a valid property damage insurance claim and you believe that your insurance carrier has handled your claim unfairly, then you may be entitled to recover for your claim as well as the additional damages resulting from the insurance carrier’s bad-faith actions. Ocean Point can assist you in filing a “Civil Remedy Notice” (CRN) with the Florida Department of Financial Services. This places your insurance carrier on notice of the alleged act and violation. Once we file your CRN, by law your carrier must correct the issue at hand within 60 days or it may be subject to additional penalties or damages.

If you have a question about whether your insurance carrier has acted in “bad faith,” feel free to call our office and speak with one of our attorneys. We would be happy to answer your questions and provide you with important information about your rights. More than a law firm, we are a legal resource for our clients.

FACT: A CRN will make your insurance company literally shake in their boots and legally can’t ignore them!