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Being Prepared For The Potential Of A Home Insurance Claim

Posted By on 16-03-2021
Being Prepared For The Potential Of A Home Insurance Claim

If there was a catastrophic accident or incident in your home, like a fire or major flood, would you be prepared to make a claim? 

When any type of major accident or incident occurs, like a fire for example, your first concern would always be to ensure you and your family are safe of course. When emergency services, like the fire department and police are called and the emergency situation is resolved you’ll need to deal with the immediate concerns of finding temporary shelter and sorting out your day to day needs.

Then what? Are you prepared for the long term after effects of what ever catastrophic event happened in your home, such as that fire we mentioned, or perhaps a flood or some other damage that prevents you from being in your home? 

Then there’s the associated loss of contents and personal items! Prevention is ultimately what we strive for but should a catastrophe occur, the results can be devastating!

Of course,  there are certain steps you can take to ease the stress and ensure you’re properly compensated in your insurance claim. One thing many people don’t realize is just how much “stuff” they actually have, and making an inventory after a loss is even more difficult.

This can all be made a lot easier and be way less stressful if a person has good insurance coverage with a reputable insurer, especially one who has a solid claims handling reputation. But, in consideration of possibly having to make a claim one day, there are a few factors to be considered and we have some helpful tips that will make the process far easier.

6 Pro-active Ways To Help Deal With An Insurance Claim

  1. Conduct regular meetings and discussions with your insurance broker to ensure your coverage is up to date. Make sure the limits on your policies are correct.  When your personal situation changes and your assets grow, it’s necessary to keep your insurer updated and increase coverage and/or limits to ensure that you’re properly protected should a disaster occur.
  2. Keep an itemized list of your assets, easily done with a downloadable form available on our website at this link This form is designed to allow you to go from room to room in your home and list individual items for future reference.
  3. Keep records and receipts for bigger ticket items, like t.v.’s, washers, dryers and other such items. Proof of purchase goes a long way in satisfying the legitimacy of an item on a claims list.
  4. Take videos and/or photographs of everything in your home and garage, including the exteriors of the structures and surrounding landscaping. Just like the written itemized list we just mentioned, having a visual record of your home and assets will help you remember what was there and be proof for your insurer should there be any questions.
  5. Keep your lists, videos, and photos, plus any other sensitive documents in a secure, fireproof, waterproof lockbox. Fireproof lockboxes and small safes are easily available at most large retail stores and are relatively inexpensive. In addition, when storing paperwork inside, keep them in resealable plastic bags to ensure that they’re not only protected from fire but also water used to extinguish a blaze. 
  6. Keep copies of your documents and other methods of recording your assets at an offsite location. It never hurts to have another set of records kept somewhere other than your own home, just in case. Perhaps a safety deposit box at your bank, or a safe at your workplace.

 the aftermath of a fire, or any disaster, can be traumatizing. Not only that, you’ll be hard pressed to remember everything you might have owned and having a list and visual record of your assets will certainly help. Besides, it just makes the entire claims process flow so much easier and faster and ultimately everyone just wants you to get your life back to normal as soon as possible..

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