Dos and Don’ts in presenting a Property Insurance Claim

You have met with property damage to your home or business. What to do now? How to present an insurance claim? If you already have an insurance policy, then that insurance policy is a contract between you and the insurance company. It defines what are the things to be done and what should not be done after you have had a claim. If you fail to comply with the policy’s terms, it may end up in your claim not being paid. Most people go for a home insurance policy during the closing process, without actually looking at its terms and conditions. You realize many aspects of the policy only when you are forced to make a claim. Here are a few tips for making a successful property insurance claim. 

Dos

1. Read your policy thoroughly before submitting a claim.
2. Secure your property to prevent additional damage
3. Notify your insurance company/agent
4. Find a temporary workplace/housing
5. Get professional help to overcome the red tape
6. Create a detailed inventory of damaged property

Don'ts

1. Do not throw anything away
2. Do not begin repairs until you get the insurance company’s approval
3. Never assume you have to use the insurance company’s vendors
4. Never allow your settlement to be paid to other parties
5. Never respond after replacing/repairing the property

For more info attend this webinar How to Successfully Present a Property Insurance Claim

Date: Friday, 30 October 2015 | Time: 11:30 AM PDT, 02:30 PM EDT | Duration: 90 Minutes. If you cannot make it on the scheduled day, you can always buy our recorded session of the same anytime.