You do all you can to prepare yourself and your property for the worst. You research insurance companies, review coverages, and spend hundreds of dollars insuring your property should disaster strike. Then, the unthinkable happens, and your property is damaged or destroyed -- but you remember that you’ve purchased insurance, and you’re immediately put at ease.
That is, until your claim is denied.
There are a multitude of reasons why your claim may be denied, and while your insurance may give you some insight as to why the denial occurred, there is typically more that you can do to get your damages covered. While you shouldn’t HAVE to fight to get the coverage you paid for, the fact of the matter is that insurance companies are a business. As such, they operate by in order to make the most money.
Insurance companies literally bank on the fact that policyholders are willing to accept whatever the insurance company says is true.
That means that insurance companies get to retain more of their money if you simply accept their first response that they won’t be paying for your claim. The good news is that there’s typically a threshold for how much time they’re willing to invest having to converse with policyholders versus what it would cost to just pony up and pay the claim. And typically, you’re entitled to that payment in the first place anyway!
Firstly, there are times when it’s appropriate to disagree with your adjuster while still abiding by the policy. This can gain you more compensation for damages or losses. In fact, some adjusters may be providing false or misleading information which can be detrimental to your claim.
While you shouldn’t have to fight for your claim, the fact of the matter is that claim denials need to be fought if you truly want the compensation you deserve. To prevent the likelihood of claims denials, be sure to prepare yourself beforehand. You can download a free report <<HERE>> to get started.
If your claim isn’t fulfilled in full, then it’s time to buckle down and prepare for a fight. You pay your hard-earned money to ensure that your property is insured, so fight to get your claim completely fulfilled by the insurance company. Review your policy, your rights, and your maximums, and be prepared to file an appeal if need be.
When devastation happens, the last thing you want to worry about is double-checking the work of insurance companies, adjusters, repairs, etc. Arm yourself with the preparation and knowledge you need to look after your own assets and be sure you receive the proper compensation from your insurance company.