Home insurance protects your property and belongings, but knowing how to file a claim is crucial for a smooth reimbursement. According to the Insurance Information Institute, one in 20 homes file an insurance claim every year.
If you’re a victim of a natural disaster, fire, or other issues, how can you be sure that your claim is approved?
Check out this must-read guide about filing home insurance claims, so you can get fast approval and start the rebuilding process.
File Home Insurance Claims ASAP
Don’t wait to contact your insurance company after an issue arises. If theft or vandalism took place, make sure you contact your local police department and file a report.
Always call your insurance company as soon as it’s safe to do so. The sooner you contact them, the sooner the process of filing your claim can begin.
Certain home insurance companies may have a time limit as to when you can file your claim. For example, if you wait for more than a few weeks after a disaster, your claim could be denied or held up by red tape.
Document Everything
Part of the home insurance claim process is showing proof through documentation. Make sure you take photographs of the damage to your home in every room and the exterior if it applies.
If you have receipts for items like appliances and furniture, this will help speed up your claim, too. The more documentation you can provide, the easier the home insurance claims process will be.
Sometimes immediate repairs need to be made for safety’s sake. In those cases, always get receipts for the repairs so that you can be reimbursed.
What to do When Your Home Insurance Claim is Denied
In rare instances, home insurance claims may be denied by your insurer. If this happens to you, don’t panic. You’ll need to file an appeal with the company to get the claim reviewed.
But does filing a home insurance claim hurt you? It may raise your rates, which could increase your monthly mortgage payment.
In most cases, the damage to your home and property is worth the higher rate. The claim should reimburse you for repairs to the home, new furniture, and more. If you’re denied, contact a claims specialist and file your appeal as soon as possible.
You can also contact an attorney or your state department of insurance if you need help appealing a denied claim. The more proactive you are, the higher the odds are that your appeal will be accepted and your claim will be paid.
Protect Your Home with Insurance
Keep these tips about filing home insurance claims in mind if you’re ever in need. The sooner you file and the more documentation you provide, the greater the chances are that your claim will be approved.
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