Insurance companies are, as you probably know, businesses. They always have their interest in mind. And this means that it is in their best financial interest to pay out as little as they are legally obliged for claims made. Some providers even go so far as acting in bad faith by declining to honor their end of the bargain.
So how do you get the most out of your coverage, and what rights do you have during the claims process?
Before the damage
Taking preventive measures to shield your home from damage can greatly boost your chances of getting the maximum possible compensation on future claims. This will also ensure that that you are eligible to receive compensation for your home’s damages.
So what does this entail?
- Taking an inventory
Keeping an up-to-date inventory of your home will enable you to provide accurate and complete information to your insurance provider for easy processing when filing a claim. Always have an inventory of your electronics, valuables, furnishings, clothing and appliances, including the estimated value of each item.
Home insurance providers will not cover damages that are a direct result of poor or improper maintenance. For instance, you may not get compensated for water damage if you fail to maintain your roof. Ensure that your home is properly maintained by hiring qualified professionals to address any maintenance concerns.
- Safety preparations
When a major storm is coming your way, ensure that all policy documentation and property inventory are in hand and readily available should you need to file a claim. Should there be a need to evacuate, be sure to take important documentation regarding your home and insurance documents with you.
When your home is damaged, you hope your home insurance provider will honor their end of the bargain and fix your home. However, in the event that they do not keep their word, you have the right to sue the insurance company. While doing so, it is in your best interest to contact a qualified individual insurance litigation lawyer as soon as possible.