Handling Insurance When a Disaster Wipes Out Your Business
Disasters come unexpectedly but there is nothing to worry about filing for claims as long as you follow these steps. If you don’t want to get underinsured, make sure that you document everything and know their costs.
Getting the help of an expert is also necessary like that of an agent so that you can be guided accordingly.
Disasters come unexpectedly and it would be impossible to control the situation. If you have insurance, you should know how to handle the processing of claims so that you will not get underinsured. You will need some things like camera, pencil, ledger book, chair, table, some friends, cleared checks, invoices, and a storage unit or pod. When you encounter a disaster and your home is affected considerably, you should not touch anything. Try to find out how much the insurer will pay for the coverage of each part. Since there are different categories, you can ask the adjuster for the specific amount.
You need to separate the categories. For instance, you can separate them according to furniture, equipment, goods that can be sold, supplies, and other categories. Make sure that the items have photos and determine the cost of each of the items. It wouldn’t be a good idea to provide the insurer with the categories if you don’t know how much they cost. Get all the things that you can still salvage. Some things can still be dry-cleaned while others simply need a new paint. You can try selling other items as well. However, you should not forget to photo your supplies, vacuums, cleaning materials, light bulbs, and other things.
The photos should be separated according to category so that you won’t get confused. If the insurer’s adjuster won’t cooperate with you, you can always ask help from public adjuster. Just in case you don’t understand some parts of the claim, the adjuster may be of great help. When all these things are prepared, you can now call your agent to follow up for the insurance claim. The supporting documents can help you in getting the appropriate amount of claim. The agent can guide you in the process of getting the claims. Make the temporary repairs and keep the receipts for the things you’ve bought for the repairs because you can still reimburse them.
Oftentimes, the ones who are severely damaged are the top priority and so you need to be patient. However, don’t forget to make follow ups just in case. For homeowners who think that they are not being given fair treatment, you can contact the insurance commissioner of your state. There you can file the complaint. As long as you know the process and you’ve documented the damage, you will be able to get the right amount for the claims. Just follow the steps mentioned above and you will never go wrong.
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