Common Reasons For Denied Insurance Claims
On top of restoring your life after a storm or huge event, the claims process can be stressful, time consuming and often feel as if a full-time job. Not what a home or business owner wants to hear is that their property damage insurance claim has been denied.
The good news is that policyholders will take steps during the claims process to help ensure claims are not denied for one of these common reasons.
1. Waiting Too Long To Document
If you’ve suffered property damage due to a storm or catastrophic event, filing a claim with your insurance company quickly is important! The time limit for filing a claim can vary using the state and type of policy that you have, but one thing is for certain: the sooner you file the better. Holding out months or years after the damage occurred could allow your claim to be denied outright.
Simply click here to get tips on what to do before and after you file a claim for storm destruction.
2 . not Burden of Proof
Once a property destruction claim is filed, the insurance company will likely investigate the damages. The particular burden of proof is often on the policyholder. In some cases, insurance firms may request the policyholder to provide documentation like photographs, receipts, and other information to “prove” that the date of loss and type of damage is covered.
Accommodating an insurance policy companies request information can be stressful for customers. Rebuilding and restoring your life after a surprise is no easy task but not providing the asked for information to the insurance policy company could bring about your claim being denied.
One of the easiest ways to make certain your claim isn’t denied is to properly document damages after a loss. Click here to get tips on what things to file immediately after a tornado.
3. Damage Is Not Covered Under Policy
Your current insurance policy outlines what is covered and what isn’t, and many customers may be shocked to find out they are not covered for all types of injuries. In some cases, this is fairly straight ahead. For example, if your homeowner’s insurance policy will not cover earthquake damage, statements filed for earthquake destruction will be denied.
Nevertheless , occasionally the difference between a valid claim being approved or denied will depend on how your insurance carrier interprets the policy language. For many policyholders this puts them at a direct drawback when communicating about their claim.
If you feel your claim has been wrongfully denied or if coverage is if she is not totally applied, consider seeking help from a skilled Home Damage Insurance Claim Lawyer who can effectively translate policy coverages. Click here to learn how we can help.
4. Non-Payment of Premiums
For those who have not paid your premium or paid too late, your state could be denied. On the other hand, there are certain notice requirements the insurance company must follow it is cancels your policy for non-payment of premium.
Tips to Help You Prevent Denial of Your State
Know your policy. That is important to know you have the appropriate insurance policy coverage for your own personal needs. Review your coverage sums at least once each year.
Act fast. Following a storm or other damage related event, start taking photographs, obtaining facts and documenting your loss. Then immediately notify your insurance company or agent that you have damage.
Take steps to mitigate your problems. You could be held liable for some of your losses if the investigation determines that you failed to protect your property.
Seek professional help. In the event the insurance company is not cooperating or managing you unfairly, it could be time to get an experienced Property Damage Insurance Declare Attorney by your aspect.
Get Legal Help Right now
If you’ve received notice that your claim has been denied, you still have options. It is important to seek advice from a legal professional who are able to review your policy and help you navigate this process. Insurance attorney in Chicago is here to help. their team of legal experts will make sure your claim is rather and accurately paid.