You know that there is damage to your home or personal property … but are you entitled to money to to address your damage from your insurance carrier?
The insurance company will send their adjuster (or one that they have contracted to represent them) to the home to investigate and prepare a report.
The following questions are what your insurance company’s adjuster will be attempting to answer in making the determination as to whether or not you should be paid and, if you should be paid, how much to pay you.
1. Is the cause of loss covered? His interpretation of the cause may or may not fall under a cause of loss covered by your policy.
2. Is the property involved in the loss covered? Coverage is limited to the property that is described on the declarations page but can also include grave markers and property off the premises, as well.
3. Is the type of loss covered? Not all types of losses are covered under a home owner’s or business insurance policy. Items that should be replaced through normal maintenance, for example, would not be covered.
4. Are the types and amounts of damages covered? Does your policy contain certain limits for certain types of losses and damages?
5. Is the person involved in the loss covered?
6. Is the location of the loss covered? Many home owners are unaware that certain losses their children experience in the college dorm can be covered under their policy.
7. Is the time of the accident or occurrence within the policy period?
8. Are the hazards involved in the loss covered? Vandalism, for example, may not be covered when the property is vacant.
9. Do any exclusions apply?
Use these questions to guide you in determining if you have a claim and should be paid. When your insurance company’s adjuster does not agree with you, consult a public adjuster before accepting less than what you may be entitled to.