You might be tempted to file a homeowner’s insurance claim when something goes wrong in your residence. But before you go about it, make sure to avoid these simple mistakes that can void your insurance claim and leave you out of luck.
Here are some of the most common mistakes explained by Level Up Innovations LLC to watch out for.
Mistake #1: Failing to Read Your Insurance Policy
Reading insurance policies may be challenging. But it’s also your responsibility to understand your insurance policy. At the very least, learn what the terms in your policy cover and do not cover.
Not all home insurance policies are the same, and there can be vast coverage differences between companies and even between policy types from the same company.
Mistake #2: Putting Off Home Maintenance
Your home is one of your most expensive and valuable assets. But it can quickly become a liability if you don’t keep up with maintenance. For example, regularly cleaning your gutters can help prevent water damage to your roof and fascia.
Mistake #3: Not Updating Your Home Inventory
Your home inventory is a list of all the items in your home and their approximate value. If you have to file a claim, your home inventory will be used to determine how much you should be reimbursed for your belongings.
It’s important to keep your home inventory up-to-date to reflect your home’s contents accurately. You might not be adequately compensated for your losses if you don’t.
Mistake #4: Not Filing a Claim on Time
There’s usually a deadline for filing insurance claims, generally one year from the date of the incident. If you don’t file a claim within the given time frame, you may not be eligible for reimbursement.
While filing your claim quickly is crucial, you shouldn’t do so until you’ve gathered all the necessary documentation. This includes a list of damaged or destroyed items, photographs or video footage of the damage, and receipts or other proof of purchase.
Filing a claim can be time-consuming, so starting the process as soon as possible is important.
Mistake #5: Not Updating Your Policy Regularly
Your home insurance policy is a contract between you and your insurer. If you make any changes to your home—such as renovating, adding a pool, or buying expensive new furniture—you need to let your insurer know. Otherwise, if something happens, you could find yourself underinsured and out of luck.
Updating your policy is easy and usually only takes a few minutes. You can do it online or over the phone. It’s best to review your coverage at least once a year to make sure it still meets your needs.
Level Up Innovations LLC, serving Hollywood, Maryland, is here to help claim your property insurance.
As insurance restoration claim experts, we understand the entire insurance claims process. We work diligently to ensure you are compensated for your loss.
We will contact your insurance adjuster, review your policy, and help you navigate the often confusing waters of filing an insurance claim to help you get your life back on track.
