Tornadoes. Hurricanes. Wildfires. Over the past
decade, insurance companies have paid more than $450 billion in property
damages to policyholders. But now, some insurers are
looking for ways to limit their losses by denying claims and sticking
homeowners with the bill.
Visit our Blog Site over the next 3 days to learn some simple
and valuable steps you can take to help make sure you get paid when filing a
property claim.
Document your holdings: Technology has made it
easy to keep track of your belongings -- and the condition of your home.
Now, you can do a walk through with your smartphone and
take photos or videos of your furniture, electronics, appliances, everything of
value, including the home's physical features. Then email the visual evidence
to yourself so you won't lose it.
Pay particular attention to documenting architectural details.
Many policies have exclusions that enable insurers to turn down claims for wear
and tear. If a roof is in poor condition, for example, and gets blown off in a
storm, the insurer can say it was not maintained and it won't pay for the
resulting water damage.
Keep records of previous repairs and maintenance so you can
prove that the windows, roof, siding and other home features were in good
shape. You can even take photos of these records in case you lose the hard
copies in a disaster.
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