As your local community specialist mortgage planner, our focus isn’t just on mortgages – it’s on your complete financial well-being. And this means giving you advice when the unexpected strikes, like home damage. Being prepared for a claim will help you navigate the process easier.
Make filing a home insurance claim simpler with our expert advice.
The First Important Step
To kickstart the process, document everything meticulously. Take the time to create a detailed list of damaged or stolen items, attaching proofs like receipts and police reports.
Some preparatory photos will always be your allies, and if you have taken photos of your assets, you are standing in good stead. Use these photos to enhance your claim.
Remember to keep damaged items (unless unsafe) and preserve all receipts related to cleanup. It’s about ensuring you get the compensation you deserve.
Note: Households with thorough documentation during claims may increase their compensation by a quarter.
Contacting Your Insurance Representative
We know that swift action is key. After documenting damages, the next step is reaching out to your insurance representative promptly. Keep their contact details handy for a hassle-free process.
When reporting the incident, be thorough in providing details. If your home becomes uninhabitable, inquire about Additional Living Expenses (ALE) coverage under your policy.
Filing a Claim of Loss
In your loss claim, transparency is important. After contacting your insurance representative, be prepared to file a “proof of loss” form. This document, listing damaged or lost items with their values, is crucial for expediting your claim.
Review your policy carefully to understand deductibles, coverage limits, and exclusions. Most insurers offer repair, replacement, or reimbursement options for damaged items.
Take charge of your choices, and don’t forget – acting promptly to limit further damage is a key obligation.
Empowering Your Recovery
As you navigate the home insurance claim process, review your policy carefully. Understand the coverage options and act promptly to limit further damage.
In the repair, replacement, or reimbursement options, you have the flexibility to choose contractors or suppliers. You must ensure your preferences align with the estimates provided.
Secure your home and financial future with Nowik Mortgage, your home team. Call for claim advice! Your peace of mind is our priority, and we’re here to guide you every step of the way with all things ‘home’.