When your home is damaged, you trust that your insurance policy will cover the damage done. Property claims in Orlando, FL can recover compensation needed for repairs, restoration, or replacement. People claim property insurance for many reasons, such as fire, theft, flooding, natural disasters, and many other reasons. In some cases, homeowners don’t want to file a complaint against their property because the damage is minor. However, they can file a claim if their property is damaged according to the policies of the insurance company. These are some of the most common reasons people file property claims with their insurance companies.
Wind and hail are the most common reasons to file a claim for the property. According to the survey, more than 40% of the claims were for wind and hail damage, and nearly one in every 35 houses was damaged by wind and hail, with the insurance company having to pay $10,000 for the property. Wind can damage windows, cause trees to fall on buildings, and cause a variety of other types of house damage.
Fire and lightning are also common property claims. According to the survey, more than 20% of cases file property claims due to fire and lightning. The insurance company has to pay $77,000 per claim. But these cases are very rare, as 1 in 300 homes file a claim due to fire and lightning.
Water and freezing could also cause property damage, and more than 17% of homes file property
claims due to water and freezing. According to the survey, 1 in 60 homes is affected by water and freezing. The water could burst pipes, and roofs began to leak, which caused insurance companies to pay $100,000 per claim.
People also claim personal injury and property damage. It is the second-most expensive claim, with insurance companies losing $30000 due to bodily injury and property damage. Although these incidents are rare, as only 1 in every 1400 homes files a claim for bodily injury and property damage.
It is no less than a nightmare if a thief comes to your home and steals your valuables. Only a few
people claim due to theft, and the cases reported claiming due to theft is just 0.6%. According to
the survey, one in every 500 homes files a claim for theft. The insurance company has to average a $4000 loss due to theft claims. But still, this is a common reason to file a claim with an insurance company.
If accidental injuries occur, people also file a medical payment claim with insurance companies. Depending on the disease, the medical bills could be substantial. According to the survey, only 0.3% of homeowners file medical payment claims. The insurance company has to bear a huge loss of $7000 due to a medical payment claim.
These are the most common reasons for filing property claims in Orlando, FL with an insurance company. If you need to file a claim, contact our public insurance adjusters to help with the process today.