On The Money

What Not to Do When Filing Water Damage Insurance Claim

A ceiling damaged by waterRestoring damage caused by water can be highly expensive so it’s important that you can place a claim on your insurer. Here’s what you should not do when doing this act.

Do not rely on your insurer’s assessment

The insurer will do their best to minimize the amount of indemnification, which is why it’s important to have your own assessor. Seek out an independent company for your water damage insurance claim so that there’s a better chance of getting a higher payment.

Do not stop paying premiums

Do not make the mistake of stopping premium payments just because you’ve already placed a claim. This is a ground for denial of the insurer to indemnify you for the damage. Even after you’ve informed them, make sure to pay any remaining premiums on time. This guarantees that you’ve met your obligations and thus, the insurer cannot deny payment.

Do not make permanent repairs

While you might want to fix some of the damage, this is not a good idea until the insurer has approved your claim. Repairing the place may cause the insurer to pay less than what is owed you. Instead, allow their assessors to see the extent of the damage.

Do not throw anything away

Set stuff aside but don’t throw anything away since this will be your evidence to prove your claim. In fact, it’s best to take pictures of the damaged area as soon as possible so that you’ll have sufficient proof to show the insurer. Make sure to have duplicates of all the documentation in relation to your claim. Keep the originals with you.

When filing an insurance claim due to water damage, make sure you’ve read the policy thoroughly so you’ll be aware of what your rights entail. Follow instructions to the letter so that the insurer cannot deny your claim.