Filing a homeowners’ insurance claim can be stressful indeed if added to the confusion caused by the misinformation in this matter. In a place like St. Petersburg, Florida, where hurricanes, floods, and severe storms can strike without warning, it pays to know the claims process so one can protect their home and rights.
Some of the Common Myths Surrounding Homeowners’ Insurance Claims in St. Petersburg
Myth 1: My Insurance Will Automatically Cover Flood Damage
Flood damage is not covered under most standard homeowners’ insurance policies. A separate flood insurance policy is usually mandated in flood-prone areas, like St. Petersburg, often issued through the National Flood Insurance Program (NFIP) or possibly a private supplier. Most homeowners tend to know about this on the eve of a flood event; it is a very costly lesson indeed. Watch out for such leaks in your policy, and add flood coverage in case you live in a high-risk area.
Myth 2: I Have to Wait for the Insurance Adjuster Before I Can Start Repairs
It is true that, before you proceed with major repairs, you should document all damage. However, you are required to take steps to lessen any further damage, such as tarping a leaking roof or boarding up broken windows. Just be sure to take a picture of everything before making your temporary fix, and keep all receipts for your materials and emergency repairs. Waiting too long may put your claim at risk.
Myth 3: If I File a Claim, My Premium Will Go Up
Just because you filed a claim does not mean the premiums will go up. The insurance companies consider numerous variables, which can include your history, the type of claim, and the magnitude of damages. In many instances, though, especially after a widespread event such as a hurricane, those rates may go up for the entire area and not just for individual claimants. So, if you have a legitimate claim, do not allow the fear of a rate hike to deter you from getting the compensation you deserve.
Myth 4: I Have to Accept the First Offer from My Insurance Company
You, the policyholder, have the absolute right to negotiate your settlement. Insurance adjusters work for the insurance company, not for you. If you think their figure is too low, you can submit other evidence, hire a public adjuster, or consult with an attorney to make sure your settlement is fair. Do not let anyone pressure you into accepting an offer that is not a fair reflection of your actual damages.
This post was written by Kelly-Ann Jenkins of Jenkins Law P.L. Kelly-Ann is an insurance claim Lawyer. The information on this site is not intended to and does not offer legal advice, legal recommendations, or legal representation on any matter. Hiring an attorney is an important decision that should not be based on advertising. You need to consult an attorney for legal advice regarding your situation. Click here to learn more!
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