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Property Damage Insurance Claims: Know Your Rights

Property Damage Insurance Claims: Know Your Rights

The process of a property damage insurance claim is not always easy to manage. Any property damage claim needs to be properly reported with the evidence of the damages and how they were caused. The insurance industry will often try to submit the lowest offer on a claim to start but you do not have to accept the initial settlement. With a property damage insurance claim you have rights and you have the ability to seek representation to fight for your rights. We are going to cover some of the top information about property damage insurance claims and how you can get fair compensation throughout your claim:

How Does a Property Damage Claim Work?

During a damage claim for your property, the insurance policy will pay out an initial settlement in order to get the damages to the property fixed. If you are completing a vehicle property damage claim, the driver that was at fault for the accident will have their insurance responsible for paying the property damage claim. In both instances, you’ll be required to submit a formal report detailing the damage to your vehicle or to your property and you also need to pay the deductible in order to receive the repairs.

The Time It Takes To Receive Property Insurance Claims

The claims process can often drag it over several months if your home has been damaged in an event like a hurricane. Due to the increased volume of claims that occur at this time, it’s possible that you could be waiting for several months to receive compensation back. There is a duty to complete a claim within a reasonable amount of time with most types of property insurance. If you feel as though the insurance company is diverting your claim or failing to pay it, you should seek legal assistance for your claim.

You Do Not Have To Accept The First Settlement

When you receive a property damage insurance claim you do not have to accept the first settlement. Most insurance companies will attempt to settle on a small amount to close the claim quickly. Rather than accepting the first settlement on your account, you will be able to fight for your right to get fair compensation especially with a property insurance lawyer working with you. If the amount that you’ve been offered in settlement is substantially lower than your cost of repairs, it may be important for you to seek a second opinion to look at your insurance coverage and to determine if you should be eligible for a higher settlement.

Keep some of these top ideas in mind regarding a property insurance claim and your rights during the process.

This post was written by Kelly-Ann Jenkins of Jenkins Law P.L. Kelly-Anne is a property damage attorney. She focuses on insurance claims and property damage. The information on this site is not intended to and does not offer legal advice, legal recommendations, or legal representation on any matter. Hiring an attorney is an important decision, which should not be based on advertising. You need to consult an attorney for legal advice regarding your individual situation.

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