How to deal with home insurance claims

According to Gocompare, one in six home insurance claims are rejected every year. Several reasons were quoted including residents’ failure to understand their policies, the fact that home insurance claims arise when the insurance holders are stressed due to incidences and damages at home.

Another reason was that policyholders complained about the value of the claim. That is why 1st American Insurance Agency recommends that all  Longmont, CO residents purchase the right policy. Don’t just get enticed by the cost. Here are a few tips to help deal with claims and get compensated as fast as possible.

Review and revise the coverage

Like any other purchase, you must understand what you are buying. Read and review every detail. If there is anything you don’t understand, ask for assistance. At 1st American Insurance Agency, we have professional insurance advisors who can help you make a wise decision.

Take photos and videos

The claiming process may take longer if you fail to take footage or photos that will prove the damages. You can handover these to your insurer as soon as you have reported the claim.

Keep receipts

Some damages can be too bad that some of your items may not be recognizable or may be lost completely. For instance, theft can be hard to claim if you don’t have receipts to prove that the stolen items are yours. Fires too can burn everything down, receipts help prove that you owned certain items.

Make small repairs

If the damages are minimal or require urgent attention to prevent further damage, it’s important that you do it and document it so that you can get a refund during the claim.

For more information about claiming home insurance, visit us at Longmont, CO, and we will be glad to assist.

 

3 Things You Need to Know About Comprehensive Coverage

What is comprehensive insurance coverage and why do you need it on your policy? Our team at 1st American Insurance Agency in Longmont, CO has put together a quick guide. Here are three things you need to know about comprehensive coverage.

#1: It Covers Theft and Vandalism of Your Vehicle

Theft or vandalism of your vehicle is usually covered under your comprehensive coverage. That means if your car is stolen and never recovered, you’ll receive the approximate value of the car minus your deductible. If it is found, any damage would be repaired subject to that deductible. But what if your car is just broken into or vandalized? That would be the same as a recovery—you would pay the repair shop your deductible directly and your policy would take care of the rest.

#2: Weather and Other Natural Incidents Are Usually Covered

Weather and natural events are typically covered under your comprehensive policy. Think things like fire, damage from a storm, or hitting a deer are all considered natural incidents and handled as part of a comprehensive claim? Of course, as you can probably guess, these are also subject to your deductible.

#3: It’s an Optional Coverage and You Select Your Deductible

It’s important to remember that the law doesn’t require you to carry comprehensive coverage. If you are still making payments on your car, your lender might require that you have it, but there is no specific law saying that you need to. Also, you select the deductible you carry, so be sure the amount is one that you could come up with right away if a surprise comprehensive claim occurs.

Ready to learn more? Contact our Longmont, CO team at 1st American Insurance Agency to schedule your no-obligation policy coverage appointment.