Is It Easy to Appeal a Denied Claim?
The purpose of having homeowners insurance is so that you can get the financial backing you need in the case of a disaster or accident on your property, such as a dog bite from an aggressive pet for example. Whenever you need money from your policy, you have to file a claim. In some cases, however, the insurance company might deny your claim if it is considered invalid. This can be disheartening, but this is not the bottom line. By understanding your policy and working with your insurance provider, you can possibly overturn the judgment on your claim.
When you initially take out house insurance, you first need to determine how much coverage you need. Generally, your policy is equivalent to the amount of money that it would cost to rebuild your home in the event of a total loss. This amount of is not necessarily the same as your house's value, as market trends tend to significantly fluctuate over time.
Although your policy can help you rebuild your home in the case of a total loss, your house insurance is also helpful during accidents and disasters that are less catastrophic. A severe storm can take out a part of your roof, while a small fire can destroy just a portion of your structure. Whenever disaster strikes, you must file a claim on your homeowners insurance policy in order to obtain the funds you need to remedy the situation. This can also involve obtaining quotes from contractors for the amount of work that needs to be done.
It is important that you file your claim in a timely manner, or else it can be denied. When you sign up for insurance, the company specifically outlines the time limit you have for filing all claims within your policy. This amount differs between providers, so you cannot go by the information given to you by a friend on a different policy. Also, the quicker you file your claim, then the more likely it is to be accepted in a timely manner so that your house is on its way to a quality repair.
A Denied Claim
House insurance is there to help you--this is why you pay for your policy in the first place. However, there are also rules to abide by so that the provider can protect its business. In some cases, a filed claim is denied because the homeowner does not follow proper procedures. Rarely, a provider might make a mistake in denying the claim, although this is certainly a possibility to look into when you try to appeal your claim.
The ease of appealing your claim ultimately depends on why it was denied in the first place. When you receive this kind of paperwork, you should look at the specific reasons why your claim was denied, and then look over your policy again. If the provider made a mistake, then you will need to call a representative to have the decision overturned.
In other cases, appealing a denied claim can be more difficult depending on the type of scenario. One of the main reasons a claim is denied is due to the fact that the homeowner filed it too late. If you have a valid excuse, such as not being able to reach your property in time due to the extent of the disaster, then the company might overturn its decision and be a bit more flexible. However, if you filed late due to your own negligence, then appealing the claim might be more challenging. Another reason why claims are denied is because certain disasters are not covered by every basic policy--these are usually impossible to overturn.