No one wants to be in the unfortunate situation where their property has been damaged. Even if property owners take the proper precautions to prevent damage to their property, disasters can still happen. This is why it is essential to know what to do after the incident has occurred, so you can have some peace of mind knowing that you are taking the right steps. And that is especially true when filing property damage insurance claims.
What to Know About Property Damage Insurance Claims
Not All Property Damage Insurance Policies are the Same
Every policy can vary. This all depends on things such as the provider, coverages, deductibles, policy limits applied, and how much property damage there is. You’ll want to check with your current insurance policy to see what exactly is covered and whether or not you’d like to add extra coverage based on your needs.
You Should Protect Your Property from Further Damage
Many property owners fail to properly secure their property after it has been damaged to prevent additional issues. This can be especially troubling because your insurance company may not be liable for additional expenses if you didn’t take the proper precautions to avoid additional damage. Be sure to take steps like turning off your water, removing personal belongings, etc. as long as it is safe to do so.
You Must Submit Proof of Loss As Soon As Possible
Insurance policies have time limits on when claims need to be filed. If you fail to do so, it could cause your claim to be denied. So be sure to contact your insurance company as soon as possible, whether it be over the phone or online.
Timelines of Claims Vary
There are multiple factors that affect how long property damage insurance claims take to receive a payout. Each state has different laws requiring insurers to pay or acknowledge the claim within a certain time period. To help make sure you speed the process along as much as possible, document the damage and file the claim as soon as possible.
You can Hire a Professional to Help You
If you find that you need help through the process of filing a property damage insurance claim, you can always reach out and hire an experienced and reputable, licensed claim or law professional who represents policyholders, not insurance companies. Help to document your losses can also be found by hiring a public adjuster.
If your property has been damaged by a disaster, Ascension General Contractors is here to help make repairs! We are committed to ensuring quality repairs in a timely and professional manner and we are a full-service general contractor and proud to serve Nashville residents, business owners, and operators.