Homeowners Insurance Claim

Submitting a homeowners insurance claim is a process that can be completed without much stress or frustration, however, you will need to understand a bit about the world of homeowners insurance before doing it. When people buy a policy to protect their house, they are getting coverage for a very important investment. Between mortgages, taxes and a number of other payments, most people will end up spending hundreds of thousands of dollars on their home. Without the right kind of protection for this investment, your real estate may lose its value.

There are many different kinds of catastrophes and problems that can cause damage to your house. Many of these problems are very unexpected and unpreventable. For example, a landslide or earthquake can cause total destruction to your home and can come without warning. Because you sometime cannot prepare for a hazard, you will want to have the right policy and coverage for your home. If you purchase a good policy, submitting a homeowners insurance claim should not be a hassle.

Buying a New Policy

For some people, the idea of shopping for new homeowners insurance online seems like a struggle. However, it is very important that you pay close attention to the options that you have. Some companies and policies are better, and by choosing these options, you will have a big advantage when it comes time to make a homeowners insurance claim. A small amount of knowledge can go a long way in helping customers locate a perfect choice. The following are some tips that will help you narrow down your choices and buy the correct amount of coverage.

The amount of protection that you purchase for your home depends on a number of different factors. While some people will have their homeowners insurance included in their mortgage payments, others will have to buy a plan separately. Should you ever need to submit a claim, you will not have to pay much of your own money out of pocket if you have the right amount of coverage. There are three general types of homeowners insurance.

With basic form policies, customers will be protected from around eleven different hazards, including fire, theft and storm damage. If a hazard is not listed on as one of the eleven, the owner will not be able to submit a homeowners insurance claim and will have to pay for the damages themselves. Basic form options are some of the more affordable types of coverage.

Broad and special form coverage are two types of protection that are a bit more complete. Broad form provides clients payouts for a more extensive number of hazards, generally around 17. With special form protection, any hazard that is not listed as an exception will be covered should you need to submit a homeowners insurance claim. It should be noted that a claim for flood damage will usually not be accepted by the majority of special form plans.

Homeowners Insurance Claim Process

Submitting a homeowners insurance claim does not have to be a difficult process, but there are several things that the owner needs to do. First, after the hazard occurs, the owner should make a not of all of the damage and call the proper authorities (police, fire department, etc.) Then, you will want to call your homeowners insurance provider and ask them how to proceed with your claim. It is likely that the insurer will instruct you to do all you can do to prevent further damages and to record all of the damage that has already been caused. For example, if a pipe broke and was flooding your home, they would most likely instruct you to fix it.

Next, the provider will most likely send a claim adjustor to your home as the next step in the homeowner claim submission process. The adjustor will research the damages and help with the decision of how much money should be paid to the owner. During the whole process, the owner will be responsible to fill out some different paperwork and forms. When submitting a homeowners insurance claim, you will likely be working with your insurer very closely. For this reason, it is important that you only buy a plan from a company that has a good track record with their customers and can quickly and effectively fill your claim.

Finding a great homeowners insurance plan online is a fairly simple process that can often be completed in a matter of minutes. With the right company behind you, you will be able to get the quotes and rates that you have always wanted. Also, if you ever need to submit a homeowners insurance claim, you will have an insurer that you trust to give you the money that you deserve.

TRUSTe online privacy certification

Enter your zip code for affordable home owners insurance quotes

GET QUOTES

What People Are Saying

"We found your site and changed policies after paying a huge deductible when a storm layed a tree in our living room. Our new deductible is almost 30% less and our monthly payment also went down. Thanks!"

- Sharon and Lewis K, St Louis MO