How to File a Home Insurance Claim
We are exposed to risks capable of serious damage every day. Imagine these scenarios for a second: you didn’t quench the fire in the stove properly…Little Ben your neighbor’s son fell from the tree house in your backyard… a tornado wrecked your home forcing to move temporarily to a motel or guest house.
Fortunately, your homeowners’ insurance policy provides coverage for these situations highlighted above and many more as the insurance is a package of insurance for (I) your home, furniture and personal belongings (III) additional living expenses you may incur if your home is severely damaged. So, in this guide, we will be looking at filing a homeowners insurance claim tips and all that. A tip of it, you will see
- questions to ask insurance adjuster water damage –
- homeowners insurance claims questions – you must be ready to answer
- homeowners insurance claims process – the guide and
- how to get the most out of your home insurance claim
How to File a Home Insurance Claim: Be ready with answers for these questions before you file a claim:
- Have you insured your home for at least 80% of its replacement value? If your coverage is less than 80%, you may not be fully reimbursed for any partial damage.
- Did you insure your belongings for actual cash value (cost to replace the item minus depreciation) or replacement cost value (cost to get a newer item)? Most policies provide compensation on an actual cash value basis rather than a replacement cost basis. Speak with your agent to determine whether purchasing replacement cost coverage is worth the extra premium.
- What is liability coverage provided in your policy?
- Do you know the amount of medical payments coverage included in your homeowners’ policy? This coverage pays for medical costs of a person injured on your property regardless of who is at fault.. The first step in filing a medical claim begins with a call to your insurance agent.
Read these articles about liability
- Do I need a liability coverage
- What is property liability insurance
- What is product liability coverage
- What is Bodily injury liability coverage
Filing Your Home Insurance Claim
So, on How to File a Home Insurance Claim, Do the following when filing homeowners’ insurance claim
- Report any case of burglary or theft to the police.
- Make a phone call to your insurance agent immediately as insurance policies place a time limit on filing claims. If you fail to file your claim with the time limit, then you may not be fully reimbursed for your damages. Ask your insurance agent questions like, are you covered for that particular damage, does your claim exceeds your deductible(Deductible is the amount you agree to pay yourself when purchasing a policy), how will long will it take your claim to be processed, etc.
- Document all what happened in writing, pictures or videos because your insurance agent may request them.
- Make temporary repairs to protect in order to protect your home from further damage. The receipts of the repair expenses should be saved and given to your insurance agent for submission.
- Make a list of lost or destroyed articles and also save receipts of any additional living expenses you incurred in case you had to live in a motel while repairs are being made.
- Provide any other information at the request of your insurance agent.
Talk things over with your agent and adjuster if you are dissatisfied with the settlement offer. Check your policy to see what settlement steps it outlines.
If you have a car and got involved in a car accident, then follow the guide below on