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One thing every homeowner needs to know is that insurance companies are not in reality out for your safety. They are a business answerable to their shareholders. The lesser the damage claims paid, the higher the profit they can declare.
This is why it is not unusual for these companies to try everything possible to pay the least amount in claims. Some of them even cut corners especially when homeowners are not much familiar with or informed of the nuances of their coverage.
According to professionals at Century Public Adjusters, a Public Adjuster company in Orlando, FL; “The claims process can be grueling enough to go through and even worse when you get paid way less than you deserve. When you file a claim, the insurance company goes through many stages before you get approved or denied, including the appraisal process”.
Here Are Ways To Maximize Your Homeowners’ Insurance Claims
Unmask The Advertorial Face/TV spokesman
Insurance companies spend billions of dollars on advertisements yearly. Although there are insurance agents with genuine concern for clients, you need to understand that they have to answer to somebody who would also be reporting to someone else at the upper ring of the corporate ladder.
Insurance companies are not your friend. They are only your protection in case of unforeseen circumstances. Knowing this will save you lots of disappointment later.
Document Your Property
Once you get your home insured, take a full picture of the house, both interior, and exterior. Also, make sure to take pictures of every section that is prone to damage.
When there is any damage, do not hesitate to take new images of the development. Armed with your before and after pictures, you can make a better case to get the best insurance claims your home deserves.
Know The Cause Of The Damage
Don’t just assume specific things are not covered in your insurance. For instance, insurance may not cover mold. But this does not mean you don’t have a case. If the mold is caused by water leakage, for instance, it may be covered.
Although the coverage, in this case, maybe limited, in the end, you would be getting the maximal claim you indeed deserve.
For people scared their insurer may because of this kind of situation drop them, that is not true. They are unlikely to drop you, although may want to raise their rates. The major reason insurers drop clients is because they are a risk such as if they discovered you store items like propane or ammonia in the house.
Get Your Estimation Right
When compiling what it will cost to get your home repaired, don’t overprice the materials or service. Make your findings and settle for the best and most reasonable prices.
When there is damage, insurers will likely send an adjuster over to evaluate the situation. The adjuster will evaluate and estimate how much your situation is worth. Making your findings will help in your bargain with the adjuster. Make sure areas such as gutter, fencing, windows, and paintings are included for repair.
Hire An Expert
Insurers respect you more when they know you understand the details of your policy.
Make sure to read through the policy before signing it. It helps to know to what extent your coverage goes. In case you doubt your ability to successfully deal with the insurer, hire an expert.
Meanwhile, before signing the insurance policy, keep details of your conversation with the agent. Write the name, and any other contact information somewhere secured for easy reach out whenever there is a need for it.
The fees charged by the private adjuster who is expected to be proficient and reputable will pay off in the end if you can restore your home to the state it was before the damage, using the insurance claim.
Repair Some Damaged Parts Temporarily
Don’t wait until the insurance claim is sorted out before you start repairing your home. This doesn’t imply full renovation but certain damaged parts of the house such as windows and doors need to be fixed instantly. This will prevent further damages such as theft that the insurer may not be held responsible for.
Keep receipts of all the costs of the temporary repair. If the damage is covered in your policy, the insurer is obliged to reimburse you for every penny spent.
This is also true for a situation such as a storm where you are forced to relocate. If the type of storm is covered in your policy, the insurer is expected to reimburse all money spent during your relocation.