The fire claims process is considered the time that the policy owner notifies their insurance company of the fire until the claim process is finished and ends in a settlement for the policy owner. To get to the end point there are several steps involved.
Review your policy
At all times you should know where to look for and find your insurance policy. It should be in a safe fireproof lock box or safety deposit box rented from the bank. When there is a fire you should get your insurance policy out and review it to determine what type of coverage you have and how much it is for, what is covered and what is excluded. This information will help you know how you should file your claim and if there are any deadlines to file your claim. Most of the information that you will need can generally be found on the declaration page. This is usually found at the beginning of your insurance policy. If, for some reason or other, you cannot find your insurance policy or do not understand what is covered and how to file a claim contact your insurance company.
Contacting your insurance company
As soon as you review your policy, or even before if you want, you should contact your insurance company to notify them of the fire and what type of loss you have suffered. Some insurance companies may require that you contact them as soon as the loss occurs while others may give you a couple of days. This information will also be in your insurance policy. With some insurance policies there are often provisions that will provide you with money for temporary housing if your home was destroyed by fire, which is another reason you should contact them as soon as possible. You may have to submit written notification instead of calling.
Information needed by insurance company
When you contact your insurance company they will tell you what you need to submit in order to start the fire claims process. This will generally consist of a statement from you telling what happened and what the damage is. If they need more information or documentation it is your responsibility to provide it as long as what they request is reasonable. Make sure that in all of your documentation that you are thorough because you will not be reimbursed for anything that is not documented.
How you will be paid for your loss will depend on the type of fire claims you submitted and what the loss was. If it is a small loss the insurance company may just write a check but if it is to do repairs or rebuilding they may disburse the payments to the one doing the work.
Fire Claims – Tips for Filing an Insurance Claim
After suffering a fire the homeowner will need to do file a claim for property damages so they can clean up and start to rebuild. Fires are devastating and sometimes homeowners will make a costly mistake during and after the settlement of their fire claims. Most will let a fire claim adjustor come survey their property and make the claim but there can be things that are missed during the initial claim. One thing to note is that after the insurance company sends you a check and closes the fire claims the homeowner has three years to add to the existing closed claim. This can be done if it is found that the damages were not assessed correctly. To help make sure that you get the right settlement for your fire claims, here are some tips to help you.
Document the damage to your home and other buildings
Take the time to inspect and document all of the damage yourself. If the home is not a total loss make sure that you take pictures of the damaged rooms. Try to take overviews and some close-up photos. Before you enter the room, hall, or closet take an overview. By doing this it will help you to organize your pictures and which ones belong to which room. For example, with the living room, take an overview, then go from top to bottom of the walls, ceiling, doors, and the floor.
Document damage to your contents
The next step is to go back to each room and closet to inventory your contents. For everything that is damage, including clothes, shoes, furniture, paintings, etc that have been damaged by the fire making sure to show the damage on the picture. Yes, this is going to take a lot of pictures but everything needs to be documented in order to get the right settlement. Make a list of all contents that have been damage. Once you have listed the damaged items and have the pictures take another look around the room to make sure that you have not missed anything. Make an inventory list for each room with the pictures attached.
Review your insurance policy
Yes, insurance policies are hard to understand but before filing fire claims you should take the time to review your police basics, such as how much coverage you have on your home, how much coverage is on your personal belongings, and how much will the policy pay for you to stay in a hotel.
Once you do fire claims the fire claims adjuster will cover to the site of the fire and start their own claim. Do not give them the original photos and inventory claim sheet but a copy. This will help them expedite the claim.
Get Insured Before Mishap Decides to Visit You During Festivities
Festivities are closing in on us. Which means the air will be filled with the fragrance of scented candles, homes lit by diyas and malls filled with families. It’s this time of the year when families go out and shop for festive proceedings. And chances are, you yourself would be busy planning and making a few phone calls for the festive occasion.
But here’s the thing, just take a min out of your busy schedule and ask yourself, are you ready for any mishaps?
It may sound a little morbid, but nonetheless, it is an important question you should be questioning yourself, as nothing is certain.
You could say, uncertainty is like a cloud that’s always flying over your head but strikes when you least expect it to. Which is why it’s crucial that you secure your happiness from any accidents.
Some of you who are sceptical by nature might question as to what could possibly go wrong during festivities. We admit, it’s rare but it can happen with anyone, so here are a few examples.
1. All auspicious functions, religious or social are conducted with the lighting of the diya or jot. Now imagine this, what if a curtain close to your diya gets lit by fire, or what if you miss out one of the items from your shopping list, you drive and come back to see your house on fire?? Shocking right? but wait there’s more.
2. Our country is one of the many nations to buy firecrackers in bulk during Diwali. Imagine this, what if a damaged rocket comes flying down, slips under your brand new car and explodes. Saddening right?
Whether it’s misfortune, sloppiness or somebody else’s fault, the point is a number of things can happen that could leave a big hole in your pocket.
What’s crucial is that you don’t suffer any financial crisis because of a mishap. Which is why it is important that you insure your valuables with Insurance.
A good insurance company offers a wide range of insurance covers to its customers such as-
-All Risk Insurance
Surely going through an insurance company’s range of policies may take you a little while but in the unlikely event of any mishap, you will find that your research up-front to have been a time well spent.