Important Update on Attorney’s Fees in Property Insurance Claims
Recent legislative changes in Florida have significantly impacted the way attorney’s fees are handled in property insurance cases. With the signing of Senate Bill 2-A by Governor DeSantis, law firms can no longer recover attorney’s fees and costs directly from insurance companies—even when they successfully secure compensation for policyholders.
These changes come amid growing political and legal pressure on the insurance industry. Insurers are citing increased litigation as a reason for rising premiums, and the legal landscape has shifted dramatically as a result.
What This Means for You
Our firm now operates on a pure contingency fee model, meaning we only get paid if we recover compensation for you. We maintain a client-friendly rate of 20% if we resolve your case pre-suit and 30% if the matter must go to Court. In other words, the client keeps 80% of any new money recovered if we settle prior to filing with the Court and 70% of any new money if we must file litigation. If no recovery is made, you owe nothing in attorney’s fees.
Next Steps
If you have questions about how this affects your claim or want to better understand your options, we encourage you to contact us. We’re happy to schedule a consultation and walk you through the details.
Should you choose to move forward, you’ll be asked to sign our updated retainer agreement and Client’s Bill of Rights. Once those documents are completed, we will begin working to resolve your claim—whether through negotiation or litigation—based on what is most appropriate for your situation.