The Residential Property Insurance claims process can be a daunting experience. From filing paperwork to meeting deadlines and negotiating with insurance adjusters… No wonder so many property owners have trouble getting the payout they deserve. The problem is: Insurance companies don’t always have your best interests in mind. According to a Weiss Ratings study, the 13 largest homeowners insurers in the country denied 47.5% of their claims last year. That means almost half of all homeowners’ insurance claims were closed without payment. The good news is that property owners can significantly increase their odds of a successful claim outcome by understanding the process and avoiding common pitfalls. Knowledge is power when it comes to residential property insurance claims. Here’s what you need to know… Here’s what’s covered: The Residential Property Insurance Claims Process The claims process starts the second damage occurs to your property. Many homeowners don’t realise how time-sensitive…
