Buying a home is likely to be among the biggest investments you will make in your lifetime. Your house will probably contain many of the smaller investments too – precious items both large and small, therefore its important to make sure everything both inside and out are adequately covered. Understanding what home insurance policies cover, and what they don’t, is therefore critical, and is often the cause of enormous disappointment among claimants. So let’s start with the basics of making an insurance claim.
If you already have one you will probably know that home insurance is a form of property insurance that covers any loss and damage that can be occur to an individual’s home. This type of insurance policy is also said to cover a homeowner in the event someone is injured while on their property. Home insurance policies are not necessarily mandatory by law but are certainly recommended.
In the unfortunate event that you are required to place a claim on your home insurance and after you’ve taken a deep breath, here are some tips so you know what to do to avoid any disappointment.
1) Contact your insurer. One of the first things a homeowner should do when an issue presents itself is to contact their insurer. The sooner your insurer is notified, the sooner they can advise on the next steps and requirements. This will ensure getting the best advice from the outset, thus improving the chance of the claim being settled swiftly.
2) Always have photos. Having comprehensive photos of your home and important (expensive) items goes a long way towards the evidence to help support your claim. Firstly it helps provide evidence that contents existed in your possession, and secondly it shows your insurer the exact extent of any property damage (before vs. after).
3) Review your policy documents. It would be considered a good idea to dig up for those policy documents to be exactly sure you can make a claim. It’s also in your best interest to find out if your policy is set out to cover the full cost of items that may have been damaged or stolen. This is to ensure you aren’t rejected or disappointed by your insurer after filing the claim.
4) Fixing the issue on the spot. With home insurance, we understand that certain issues will have to be dealt with right away and not wait until the next day. For example, water damage. If you were to come home to a burst pipe, your first reaction would be to get it fixed and then concentrate on anything after. But if this happens, please make sure you at least grab some photos and also keep receipts of what funds were paid to send to the insurance company.
To conclude, we’re hoping that with these few tips, you homeowners are now able to approach home insurance and claims with a positive outlook. Also remember if you wish to obtain a home insurance quote today, feel free to visit us at BestQuoteBB.com or give us a call at 1-246-537-0140.