How The Insurance Company Sets Themselves Up To Not Have To Pay Claims
Insurance companies are well known to do everything in their power to pay as little as possible for your claim. In fact, insurance policies are written in a specific way as to contain a whole host of exclusions and stipulations that allow them to maneuver in such a way as to not have to pay. Here we have included some of the most common reasons that you claims gets denied or underpaid:
Clauses in Your Policy
Insurance companies are well known to do everything in their power to pay as little as possible for your claim. In fact, insurance policies are written in a specific way as to contain a whole host of exclusions and stipulations that allow them to maneuver in such a way as to not have to pay. Here we have included some of the most common reasons that you claims gets denied or underpaid:
Allowing Damage to Sit and Fester for a Long Time
Your insurance policy does not cover a lack of routine maintenance, it is there is cover a loss as soon as it happens. This unfortunately is an all too common occurrence, and a big reason that claims get denied. If you discover water damage on your property and fail to remedy the situation as soon as possible, there is a chance that the water damage will lead to mold. If your insurance carrier discovers the mold and determines that it is there because of a result of old water damage that you were aware of and chose not to fix, they can often times deny the claim.
Your best option is to be proactive in remedy the damage as soon as you notice it. The most common reason homeowners let a problem fester is the cost associated with repairing the damage. Take the time to contact a public claims adjuster as soon as you notice damage, and let us get involved from the start so that we can ensure that we can get you the money you need to make any and all necessary repairs before things get worse.
Have You Made Changes to Your Property?
Any recent changes to your property may change your insurance policy. In the event that you do make any changes to your property, it is your responsibility to notify your insurance carrier. Many times homeowners do not take the time to tell their insurance provider that they have made a change in order to avoid the additional cost that may be added to the policy due to the change. If you have made any changes, or added a new feature to the property and fail to notify the insurance company, this can be a reason to deny a claim. The most common changes to a property can include a swimming pool or some other water related feature, a deck, or an addition to the home.
Basic Filing Mistakes
Another very common reason for a claim’s denial is a mistake in the paperwork when submitting a claim. In addition, people often forget to include any supplemental information that related to the claim; like a work receipt or any other repair related evidence. The best way to remedy this issue is to employ a trained professional to help you navigate the claims process successfully for you.
TopLine Claims Services will help you from start to finish to make sure that everything is perfectly filled out and documented. We will work on your behalf to ensure that we are getting the best possible settlement for you claim.
Please call us today for a free consultation: 754-333-8908