Filing a home insurance claim could be daunting. The reason that you have home insurance in the first place is to assist you replace things that have been destroyed by factors beyond your control. It protects you from losses. Obtaining the insurance and paying the premiums is easy. Filing a home insurance claim and getting it approved can sometimes feel like another story.
When you're filing a home insurance claim, it is important that you simply keep a few things in your mind to make certain that you get the payments you need to rebuild what you've lost. Just because you complete the paperwork doesn't mean that the money will magically appear in your bank account. The claim could get denied, which is something you don't wish to happen. In case your claim is denied, you're kind of back where you started.
To make sure that your claim isn't denied, make sure that you keep the following tips in your mind when you are working through the filing process.
1. Be punctual.
Your insurance company wants to know about the disaster or loss ASAP. As soon as you've ensured your family's safety, contact your insurance company so that you can start the claims process together. You will find areas of the process that give specific time limits, so you have to make sure that you know what all of those are so you don't miss a deadline – think like a journalist. Reporting a claim quickly might also be included in your policy's requirements, meaning that you are, well, required to be quick about reporting what happened.
2. Remember your deductible.
Your deductible is the amount you accept pay should you have a claim. (For instance, you may have a $1,000 deductible. You would pay that $1,000 and the insurance company would pay their part.) But if your claim is for an amount that’s under your deductible, you’re probably the one who’s got to cover the price.
3. Realize what your policy will and can not cover.
There are these things called exclusions that are included in policies. Exclusions are pretty much the list of things that your policy won't cover-for example, home insurance policies typically don’t cover flooding. Earthquakes are another common exclusion. Should you file a claim for something that's excluded in your policy, it will likely be denied. This is exactly why it's so important to make sure that you get additional coverage to protect you from things that are left out of your policy. You have to understand your home insurance policy, or you might be caught off-guard. And nobody likes that.
When the insurance coverage company lets you know why the claim was denied, ensure that you check on the way they explained the loss. There might have been a misunderstanding because they didn't identify the reason from the loss properly.
4. Do what you can to prevent any further damage to your home.
If something happens to your house, you have to step up and ensure that you protect your property from any additional damage – if it’s safe, obviously. You need to prevent any extra loss or expense. If you do not try and reduce the costs of rebuilding your home, the insurance coverage company won't be impressed. This really is usually your policy requirements, so it's something that you're obligated to do. If you don't, the claim could be denied.
5. Pay the insurance coverage company. Not paying the insurance coverage company = Trouble.
Say you haven't been keeping up on your premiums. That could be trouble. You need to follow through on your agreement to pay if you would like the insurance company to help you out when you have a situation. Of course, you never know when a disaster could strike, so make sure that you are consistently on time together with your payments.
All of that being said, if you're thinking about getting a free quote for the home or auto insurance, complete our quote form or give us a call today! Our agents are ready to help you out with any of your insurance needs.