Homeowners Insurance Claim Denied: What You Need to Do
You most likely put your money on an insurance policy in order to not worry about the worst case scenarios in your home. Fire, weather, and theft are some of the most common problems that you have to anticipate. The unexpected things can cost a lot of money. However, it is a reality that insurance claims are denied. A homeowners insurance claim denied is something that can affect your budget. Here are some things that you need to do if you were just denied by your insurance provider.
Review the insurance policy
It is important that you re-read your insurance policy. Make sure that you have read the details and the fine line. It is a good idea that you understand everything that is written in your policy. And yes, it may include jargons here and there. You want to take the time to even do your research on what certain jargons mean if you find some terms a bit too difficult to understand.
Contact your agent for clarifications
Next, if you still think that the insurance company should’ve covered for the damages in your home, it is a good idea that you now contact your agent for clarification. Make sure that you listen carefully to the things they are going to say. You also make sure that you prepared your questions beforehand.
File a claim dispute if necessary
If there is really something that is wrong, you most likely want to file the necessary claim dispute. Who can you report to? Try to do a bit of research about the insurance department in your area. They will most likely investigate your claim and evaluate whether or not the claim actually makes sense or not.
You will end up getting the adjuster to your home to reexamine the property that has been damaged or property that has been lost. Keep in mind that mistakes do happen and by keeping an open eye about these instances can help save you a lot of money.
Hire an attorney
If you have exhausted all efforts and you think that they are still not covering for something that should be covered by the insurance company, it is a good idea that you hire an attorney who is experienced in these types of cases. Keep in mind though that this costs extra, and consultation fee may be an additional cost that you should consider.
As a homeowner, you need to stay vigilant about the fact that there are some things that can happen to your house that can cost a lot of money. Weather and unexpected damages can come in all shapes and sizes. With the help of an insurance company, it is possible for you to have peace of mind.
But what if you are faced with a scenario wherein they deny your claim? With these steps, hopefully, you will be able to clarify what exactly is included in your insurance policy. It is also possible to settle the problem without the need for an attorney. But if ever you will need an attorney, make sure that you consider checking the best law experts in your area.