3 Important Things to Note About Property Damage Claims

Author : JS Marlin and Associates | Published On : 06 Jan 2022

Serious damage to your home or business property can leave you in splits. Right from being the worst feeling ever to making your survival impossible, making it worse to a scenario where the insurance company ghosts you to avoid paying out as much as possible. So what you must know about property damage claims and how to roll the balls in the right way?

If your home or business suffered damages and you’re struggling to mend what’s been lost in the process, then do check how the Best Property Damage Insurance Claims can help. 

1: Inform the Insurer – Your First Step

After witnessing the damage, do not stand still and keep lamenting on the sight. Act on an immediate basis. The first thing you should do is report the claim. Not informing your insurer about property damage can drastically impact your chances to recover all your damages. Your policy does contain a clause requiring you to serve them timely notice of a possible claim, even if the actual claim gets filed afterward. 

2: Major Disasters May Give Rise To Different Claims Experience

If you live in a disaster-prone area, you may start getting solicitations from public insurance adjusters. These are usually independent of insurance firms, which is an added advantage as they will have similar interests as yours.

Please Note: The service these public adjusters offer is usually accompanied by charges based on the final settlement you receive from the insurance firm. They may also be dealing with certain contractors or estimators, which can trigger bias with regard to who gets recommended and how much they value the cost of repairs.

3: Your Policy Will Define Stipulations and What You Can Claim

The insurance policy will contain all the important details on what kind of damage it is and whether or not it is covered. It would help if you remained fully abreast with what is on the papers or bank upon your legal representation for a thorough explanation.

Commonly, the following types of damages are usually covered in the insurance policy:

  • Fallen tree damage

  • Storm damage

  • Water damage

  • Fire and smoke damage

  • Hurricane damage

  • Tornado damage

  • Hail damage

  • Wind Damage

  • Mold damage

  • Theft or Vandalism

  • Damage to a property in an auto accident

Though these are all mostly covered, apart from this there are other important details in your policy that may keep your insurance company from paying out full-fledged payment. Once you give a thorough read to your policy, you will be able to know about property damage claims.

The Bottom Line

It can be excruciating to witness your property going through all the suffering, which further gives you a headache. The only way to get life back on the right track is to make the best possible use of Property Damage Insurance Claims. PS: Make sure you get the money you deserve for the unfortunate losses. Also, if you have any questions about supplemental claims or any other doubts, feel free to ask it all out before proceeding.