Homeowners insurance plays a vital role in providing financial protection for your house and personal items. Your insurance policy can protect you from a wide range of situations, such as wind damage, fire, smoke, theft, lightning, and other scenarios. However, it’s always a good idea to review your policy before you find yourself needing to make a claim. Often in the moment, you may still be able to review and consider your options. Looking over your policy with an insurance agency is a great way to understand the details of your coverage. These insurance professionals can easily answer any of your questions while helping you determine if filing on your insurance is the right decision for your situation.
Here are three things you should always review before making a claim on your homeowners insurance policy.
1) Coverage Limits
One of the first things you will need to look at before making a claim on your homeowners insurance is the coverage limits of your policy. Not all insurance policies are the same, as you may have a few exclusions or endorsements that will affect your coverage. For example, most insurance policies for homes won’t cover any damages caused by animals, such as termites or rats. Poor maintenance or neglect in your home will also make it less likely for you to file a successful claim on your insurance.
Reaching out to your insurance agency is always a good idea if you have any questions about the coverage limits on your policy. An insurance agency can read over the details of your coverage to help you determine if you are eligible for a claim. Receiving personalized service from a local insurance agency is a great way to gain peace of mind if you are undecided about filing on your homeowners insurance. You also don’t have to worry about making any mistakes by trying to do everything on your own.
2) Your Deductible
Another key factor to always review before making a claim on your insurance is the amount of your deductible. The deductible is simply the amount of money you will need to pay before your insurance covers the remaining damages. Typically, the average deductible for homeowners insurance can range anywhere from $500 to $1,000, but this number can also be much higher. A lower deductible will cause your home insurance to be more expensive, but it also makes it less costly to file a claim.
Weighing the pros and cons of a higher or lower deductible is essential in choosing the best option for your situation. Discussing your needs with an insurance agent can help make this process much easier. The most crucial factor is to choose a deductible that you can always afford to pay if you ever need to file a claim on your insurance policy. An insurance agency can also get many quotes from the top insurance carriers around the country to help you find the most affordable coverage.
3) Claims Process
Familiarizing yourself with the claims process is also recommended to make it easier to file a claim. Typically, you will need to reach out to your insurance agent and provide any necessary documentation. Keeping a list of your personal items in a safe place is also a good idea, as this will help you show proof of ownership during the claims process. You will also need to document any damages by taking photos or videos of your house while creating a list of items that have been either lost or damaged.
Once you are finished with the documentation process, you will need to file a claim and meet with an adjuster. The insurance company will send an adjuster to visit your home and assess the damages. You will most likely have to answer a few questions and may need to provide additional documents. After this process is complete, the insurance provider will send you an offer to repair or replace your damaged property. You can accept the offer or dispute it if you feel that it’s inadequate.
How an Insurance Agency Can Help You File On Your Homeowners Insurance
Making a claim on your homeowners insurance can often be stressful, especially if you have never done it before. However, an insurance agency can work on your behalf to make sure everything happens smoothly. All you have to do is give Wellcovered Insurance a call if you ever need to make an insurance claim. Our experienced team can help you navigate your next steps while making sure you receive all of the attention you need while keeping your stress to a minimum.
Need Homeowners Insurance? Contact Wellcovered Insurance Today!
At Wellcovered Insurance, we are committed to providing our clients with the best possible protection and peace of mind. We work with more than 30 of the top insurance carriers nationwide. Our team can easily help you find the insurance coverage you need, whether you are looking for protection for your home, car, business, or personal assets.
Providing the best customer experience while meeting the different needs of each client is always our priority. We can provide you with an auto insurance quote in 15 minutes, and it only takes one or two business days to receive a quote for homeowners insurance. You can also visit our local office if you have any questions or need to make some changes to your policy.
Feel free to give Wellcovered Insurance a phone call today to learn about all of your insurance options!
