Claiming Your Fire Insurance? Here are Some Things to Remember

Woman reading insurance paper

Many insurance companies look for loopholes to avoid or delay paying on insurance claims. Here are some tips to make sure this doesn’t happen to you.

Get professional help

When filing a fire loss insurance claim, it’s important that you calculate exactly how much is the damage to your property. You’ll find that independent insurance appraisers can help you a lot with this, providing you an unbiased report on the extent of your damage. They can help properly calculate the costs your insurer is liable for, guaranteeing that you’ll be able to recover from the loss.

Inform your insurer ASAP

Most insurance companies have a limit on when you can file a claim from the time the damage is done. This is why it’s best to inform them immediately of the loss, even if you haven’t computed the cost of the damage yet. This guarantees that you fall within their timeframe and that they can’t deny your claim on the ground of delay.

Get all the documentation

Ask for documents from the police, the fire department, and even snippets from the local newspaper if the fire has been reported. This will bolster your claim and establish the loss. Do not give the insurer the originals though. Make a copy of them and just certify that they are true copies of the original. This will help protect you in case of document loss.

Don’t close quickly

Once you’ve informed the insurer about the fire loss, you can now have the luxury of detailing the amount of damage done. If you quickly allow the insurer to settle the claim, any additional damage you find will no longer be honored.

Of course, those are just some of the things to keep in mind when claiming on your fire insurance. Ideally, you should read the coverage thoroughly before getting a policy, so you’ll know exactly what the insurer covers.