When it comes to property insurance claims, water damage is the most reported of all. Needless to say, water damage claims generate the greatest expense for insurance agencies. More often than not, property owners just like you end up with inaccurate and delayed settlements, causing more problems and stress than solutions.
At IPAG, our claim adjusters are in this business to ensure that you are treated fairly and with respect. Regardless of the types of insurance claims, we work diligently to make certain that homeowners win accurate, fast, and fair settlements for underpaid, denied or delayed water damage claims.
Water Disaster Insurance Claims Tips
Insurance companies make their decisions based on the findings and rulings of the claim adjuster sent to the scene of the water damage. Since all of the water damage may not be visible at the time, those adjusters may underestimate or simply deny your water damage claim. Here are 5 important insurance claim tips that will keep your claim moving forward.
- Request a certified copy of your insurance contract from your agent or insurance adjuster. This document outlines your coverage, your responsibilities, mold provisions and/or limitations. When a dispute arises over coverage or policy language, reach out to an experienced and trusted public adjuster for interpretation and understanding.
- Begin mitigation of the water damage, NOT restoration of damaged property. Only when you and your insurance company have reached an agreement to the volume and cost of damage, should the rebuilding and restoration work begin.
- Document all damage with photos and video. If the removal of sections of dry wall or flooring become necessary prior to the insurance company’s claim adjuster survey, make sure that samples of the removed materials are saved.
- Obtain your own estimates to measure the true cost for the repairing or replacement of your water damaged property. Attain a minimum of 3 estimates from properly qualified general contractors.
- Demand a written explanation and reasons why in the event that your water damage claim has not been fully settled within 45 days of its filing.
In the unfortunate case that your insurance company is non-responsive or has required the submission of a Proof of Loss Form for your claim, reach out to a trusted and qualified public insurance adjuster.
Avoid Unfair Water Settlements Or Your Claim Being Denied
Your capability of presenting and proving the extent of damages will be a deciding factor in recovering a fair settlement. The process of substantiating damages may present a challenge if you are not aware that the responsibility to do so is yours.
We are able to accurately estimate and fully substantiate the entirety of damages. Our adjusters stand equipped and ready to not only prove your case, but win it. Through the use of state-of-the-art imaging and moisture detection technology, we have the capacity to ascertain the scope of water damage and provide homeowners like you with fast and accurate settlements.
Defending a Denied Claim
As stated earlier, more often than not, water damage insurance claims are often underpaid or simply and wrongfully denied. Experienced public adjusters are able to determine whether your claim has been underpaid or wrongfully denied and determine a full and accurate claim value.
In order for your insurance company to settle your water damage claim, the cause of that damage must be properly established. Seek a second opinion if your insurance company denies your claim for any of the following reasons:
- …a long ongoing leak.”
- …an un-repaired leak.”
- …a preventable maintenance issue.”
- …failure to mitigate damages.”
- …failure to maintain heat and electricity to a building resulting in pipe burst or broken pipe.”
- …failure to drain or properly maintain sprinkler system.”
- …failure to have NFIP coverage for a flood insurance claim.”
Many options may be available to you if your water damage claim has been denied or underpaid by your insurance company
Don’t Take a Chance, Have an Experienced Adjuster Advocating Your Case
Once a valid reason is established for the reopening of your water damage claim, the claim adjusters at IPAG will take prompt and accurate action on your behalf to ascertain an increased settlement. Simply stated, unless we attain a larger settlement for you, we do not get paid.
Let us help you recover your home and get back to normal today.