After the Disaster: How to Deal With Insurance Claims

After a fire or other life-altering event, you may be thankful just to be in one piece. Nonetheless, it’s important to start rebuilding, and the quicker you begin, the sooner you’ll be able to resume life as normal.

While additional responsibilities are probably the last things you want to deal with at this point, restoration and reconstruction usually go better when you handle them proactively. If you’re like most homeowners in such dire straits, this probably means you’re going to have to negotiate your way through an insurance claim. Here are some key steps that might help you file for the damages and still keep your cool.

Document Everything Under the Sun

Successful insurance claims depend on accurate, extensive documentation. Remember that there’s never such a thing as submitting too much paperwork.

At some point, you may disagree with how your policy provider is handling your case. For this reason, experts say it’s vital to maintain records of all communications, including emails and calls. You’ll also want to document your new living expenses so that you can claim various unusual hardships, like the cost of having to lodge in a hotel or travel further to and from work.

Note that this is all in addition to photos of damaged property and professional restoration estimates. Make things easier on yourself by being as organized as possible.

Learn Your Policy’s Boundaries

You can save yourself a lot of heartache by finding out what your policy covers early on. For instance, if a fire damages your roof, your terms may only compensate you for an amount equal to the value of the damaged roofing prior to the blaze, and this figure might include depreciation. Understanding these differences can stop you from having to pay out of pocket for restoration work that exceeded your limits.

File Your Claim Sooner Rather Than Later

Filing early is by far the most important part of the claims process. Most policies only permit payments for those who submit claims without delay. Letting too much time elapse between the event and when you file might even cause your provider to earmark your claim for potential fraud.

If you plan on reoccupying your existing property someday, this is also the time to obtain estimates on repairs and restoration. For example, letting flood-ruined building materials sit around may allow damage to spread and result in you requiring more extensive corrective work. Since insurers are less likely to pay higher claims, controlling costs by staying on the ball could give your request better chances.

Wondering how you’ll fare during the insurance claim process? Chart out a restoration plan that eases the burden by getting in touch with Paul Davis online.