Don't Make These Insurance Claims Mistakes

​Homeowners' insurance might be challenging if you don't completely comprehend your coverage and the claims process. When filing a claim, you can avoid making several typical blunders. If you have questions, contact your insurance agent and follow their instructions for filing a homeowners' insurance claim.

However, just decreasing or eliminating critical coverage is like going on a diet without exercising. All it's about is the numbers, not the results. Don't risk being underinsured and responsible for substantially larger payments in the event of a calamity.

These are common mistakes you won't want to make:

Failing To Read The Insurance Policy
You gain more understanding of your policy if you read it as soon as you receive it. Make sure you read the part that details all of the listed hazards. You'll know when you can file a claim if your property is damaged once you know what risks are covered.

Taking A Loan From Your Policy
If your account has been overdrawn and your insurance is about to lapse, you may be able to extend it by paying extra premiums if you can afford them. Keep a close check on the cash value of your life insurance policy and consult your tax advisor to avoid any unexpected tax burden.

Having Incorrect Coverage
Both having the wrong coverage and having insufficient coverage are common blunders. You may need supplemental or specific endorsement insurance if you have antiques and valuables or reside in a region where floods, storms, or earthquakes are possible.

Conclusion
Working directly with your insurance carrier when submitting a claim against your homeowners' policy will help you avoid many of the most typical blunders.

At Desmond Insurance, we do our best to make sure that our clients are well-protected with affordable and comprehensive policies. We will go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (859) 491-5100 or Click Here to request a free quote. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!