When disaster strikes, it may make sense to pick up everything as quickly as possible so that you can resume life as usual. Unfortunately, many insurance companies rely on that eagerness, as policyholders tend to miss important pieces to their claim. In the end, the insurance company is likely to profit from your rush to get a settlement, and they’re hoping you’re in a hurry to be done with the entire ordeal.
While you’re probably already feeling stressed and anxious about getting your settlement from the insurance company, it literally pays to take your time during the claims process. Here are three big reasons why you shouldn’t rush to get your settlement after a property loss.
Get advice from an experienced attorney before you sign any type of waiver form, as this is your only shot at getting the settlement you deserve. Don’t accept any checks with words like “full” or “final” “settlement” printed on them, and understand that your policy does not require you to sign away any legal rights in order to get paid fairly for a covered loss.