Insurance companies offer policies to cover every possible contingency. Home insurance is part of the product range - staying informed of the inclusions and exceptions on this policy will help a home owner to file claims. Depending on the type of damage and size of the claim, policyholders will be asked to provide documentation, get estimates on repairs, schedule inspections and also provide a list of lost items and receipts. The process can be laborious but it is possible to get compensated if the following steps are followed.
The first thing to do before filing a claim is to assess the damage to your property.
Take pictures and document what has been lost.
It is better to err on the side of caution and wait to file claims so that all of your losses are covered - whether it is structural damage or loss of items like electronics, furniture and clothing.
Take steps to minimize further damage by covering windows and other damage with taps etc. Don’t take any action without consulting your insurance company.
One important thing to do is call a repair company and get an estimate. Try to avoid filing a claim by paying for repairs in case of minor damage.
If the damage is extensive, then it is a good idea to call the insurance company. Regardless of the size of the claim, home insurance rates will increase. Being prepared for eventualities by keeping important papers handy will help in expediting the claims process.
As you go through the paperwork for the claims process, keeping these tips will help you get a settlement in a timely manner. Working with an insurance company can be frustrating as they will have a lot of work during times of disaster. Even for insurance adjusters, an organized client/claim will be easier to process.
Being thorough: The claims process requires thoroughness and will look at the cause and extent of damage to a policyholder’s property. As an owner, make sure to describe the damage and back it up with pictures. Stick to the facts, fill out and file the paperwork by the said deadlines. Missing something small can cause the claim to be rejected.
Being present for inspections: Make an appointment with the insurance adjuster and be present when the inspections are being done. Answer questions thoroughly and also request a copy of reports filed so that you can make corrections.
Getting settlements: Don’t be in a hurry to take a claim settlement. It can be frustrating when you have lost everything to take whatever is offered. Insurance policies are taken for the reason that they cover eventualities. Be patient and get the money you rightly deserve to fix up your home.
Being aware of your rights: Read your insurance policy thoroughly and make sure you understand what is covered. Whether you can get alternate accommodation and whether the insurance company has to foot the bill for inspecting damage, knowing your rights will help you act properly and get your due.
Filing a claim: Make sure that you get a claim number from the agent along with a name and contact phone number. You can follow up on your case if you think it is not moving fast.
Documenting: As you go through the claims process, stay in touch with the insurance company. Track all the paperwork along with conversations so that you can stay in charge.
Since insurance companies deal with a lot of cases, it can be frustrating when you are not getting timely answers. Don’t lie on a claim form because there are legal repercussions for presenting false information. If you feel the need to do so, get in touch with an attorney so that you get much needed help during the claims process.