When you have a homeowners insurance policy, you are protected from some of the losses and damages that can occur as a result of unforeseen issues, like accidents or weather-related problems. Insurance policies protect you from having to pay out-of-pocket for large repair or restoration costs. However, they may also deny your claim, refusing compensation for repairs. As a public insurance claims adjuster in central Florida, we have helped many clients after their insurance provider has denied their claims. These are a few of the most common reasons why your claim may have been denied.
One of the most common reasons why insurance carriers deny claims is because of noncoverage. This means that the policy does not cover the damages that you have suffered. For this reason, you need to update your insurance policy anytime you feel you are not protected from certain issues, dangers, risks, or damages. Take a close look at the fine print of your policy to prevent any issues like this.
Was your home damaged over a year ago? Did you fail to cite this damage until it was too late? Insurance companies require notice of damages within a specified time frame in your policy. If you wait too long to call your carrier and report any damages, your claim may be denied. For this reason, it is important that your insurance carrier is one of the top priorities on your call list after your home is damaged.
Some people may also have their claims denied because they have provided false information to their insurance carrier. If you forget crucial information or you have made a mistake on the paperwork, it will cost you. This is true even if you made the mistake honestly. For this reason, you need to take it slow and fill out the paperwork correctly. Check it over if you need to have extra assurance that you did not miss anything.
Insurance companies will also want to see evidence that you have been keeping up with the care and maintenance of your home. If the damages could have been prevented by making repairs or performing some basic home care tasks, you may not have a case. Insurance will cover your home from damages that could not have been prevented, like those that occur from fire, water damage, hurricanes, and severe weather. It does not cover you from general wear-and-tear. For this reason, you need to keep up with your property maintenance so the insurance company will favor your claim.
These are just a few of the most common reasons why an insurance company may deny your property claim. To position yourself in the best possible position to maximize your compensation with your insurance company, you may want to hire a public insurance claims adjuster in central Florida to assist with your claims.