Home Insurance

Things To Keep In Mind While Filing Claims For Home Insurance

Being a homeowner, one has numerous responsibilities, and one of the most critical responsibilities among them is to have a thorough understanding of your homeowner insurance policy. You never know when an unfortunate situation occurs. Therefore, one must go through the ins and out of their policy to get an idea of what exactly it covers and the types of losses included in it.

Sometimes, when homeowners file a claim for home losses, they realize that their policy covers only a few types of damage. No one wants to experience such an unexpected situation. Therefore, if your house goes through an unfortunate event such as a hailstorm or burglary, you must file its claim with your homeowner’s insurance company. But to not face any problem, you should be having complete knowledge about your policy. This will help you in protecting your property at the right time. Dealing with the claiming process and payment for the damages can be confusing for most people. However, there are certain things to keep in mind for the homeowners not to face any surprise while filing the claim for the damages. These are:

Reading your insurance policy

The first and foremost thing to do before jumping on to filing claims is to get your hands on your policy. The policy includes all the information related to the coverage amount for your house and any personal property. Along with these details, you will also know the types of loss covered for you under the policy coverage. Being informed about these details can prevent you from claiming your policy coverage limit.

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Getting everything documented

Make sure to have enough pictures and videos to prove the claims filed by you. This should include the extent of loss from different angles and distances and the damage faced by your products due to the unfortunate event. You need to keep these adequate details handy on your smartphone. It’s better not to mix up these proofs with other contents in your phone so, make sure that you create a separate folder to keep these documents altogether. Moreover, you should also keep the documents of your expenses related to home repairs, plumbers, electricians, contractors etc.

Speak to the claims professional

No matter what kind of damage your home faces, it’s always a good idea to ask for the professional’s help throughout the entire claims process. A homeowner can contact the insurance adjuster, mitigation contractor, insurance experts, and building inspectors to know about the details of the fine. Also, don’t hesitate to ask your claims-related doubts from the professionals. Although the process is burdensome but getting in touch with claims professionals can be beneficial to you.

Warranty assurance

However, once your home has gone through a natural disaster, it’s time to get your life back on track. Make sure that the home repair you’ll have after such an unforeseen event comes with a warranty. This will save you from paying the repair expenses when you need to get the repair done once again after few years and when your insurance company doesn’t pay for it.

Appropriate time for filing your insurance claim

A homeowner should immediately report the damage after the occurrence of any incident. Most of the policies require timely reporting of the property damage. While several policies state, the homeowner is responsible for a delay in reporting. So, it is better if one files a claim within the time frame of one year. 

Hire experts for the home repair

After an incident, your home needs to get repaired by qualified professionals rather than any generalist. For instance, if you’ve got your window glass and roof damaged because of a thunderstorm, you need to hire an experienced professional worker for its repair. Don’t fall into the trap of a generalist who can repair both damages without any expertise. However, this could be slightly on the expensive side, but it’s worth it in the long run.

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Paying the contractor

Though, the expenses for repair work need to be paid by your insurance company. Whether it will pay for some damages or all damages depends on your policy coverage. You need to make sure that you don’t need to pay the contractor unless the work gets done. You need to work with the contractor in getting things done within your desired time frame. Your contractor should work according to your expectations regarding the materials used, payment and inspections. 

Hiring a Public adjuster

Suppose you realize that there is a vast difference between the compensation amount the adjuster asks the insurance company to pay and what you should be paid under the mentioned policy details. In that case, you might need to ask for professional help. However, this might be an expensive turn as it will require you to pay additional costs. For this purpose, you need to hire a Public adjuster who has a license to represent you to settle your claims. Even though if you’re unable to get the desired help, you might need to consider hiring an attorney who is very well specialized in the field of insurance coverage.

So, make sure to keep these things in your mind to get your insurance claims filed without any hassle!

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