1 / 8

What Are The Pros And Cons Of Filing Insurance Claim

Water damage from broken and leaking pipes are generally small and insignificant, but if left unattended, can turn perilous. Water damage due to flooding, heavy rains, hurricanes, and other natural disasters are usually huge but remember that flood damage costs are not covered under a typical homeowneru2019s insurance policy.<br>

BenitoPaul
Download Presentation

What Are The Pros And Cons Of Filing Insurance Claim

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. What Are The Pros And Cons Of Filing An Insurance Claim For Water Damage?

  2. Water damage from broken and leaking pipes are generally small and insignificant, but if left unattended, can turn perilous. Water damage due to flooding, heavy rains, hurricanes, and other natural disasters are usually huge but remember that flood damage costs are not covered under a typical homeowner’s insurance policy.

  3. Here are some pros and cons of filing an insurance claim for water damage: • Pros: · You don’t need to pay out of pocket for repairs and restoration. · If you don’t have an emergency fund large enough to cover the cost of repairs or to replace items, filing a claim could make it affordable for you.

  4. Cons: · Depending on the size of your deductible, the amount your insurance covers may be very minimal. · When you file a claim, your risk profile changes, even if it’s your very first claim. As a result, your insurance company may assign a surcharge to your premium during your next renewal.

  5.  By filing a claim, you will be no longer eligible for the no-claim bonus, if in case your insurer offers such discounts on your policy. · Repeated claims or significant claims related to negligence may lead an insurer to cancel your coverage. If you have sustained water damage to your property, it can be tough to calculate your actual losses on your own, which can be the basis of choosing whether or not to file a water damage claim via your homeowner’s insurance policy.

  6. Moreover, you may not be aware of the policy’s language and terms, so it could be difficult for you to decipher. In such a situation, a water damage insurance adjuster in Florida can come in handy. Apart from estimating all your losses precisely, he can help you file your claim properly and even negotiate with the insurance company’s representatives to get you the best settlement amount possible.

  7. About Benito Paul Benito Paul is the best public adjuster in Florida to file your homeowners’ insurance claim –whether you have sustained damage to your property due to fire, earthquake, storm, hurricane, flood, or any other reason. Get expert advice and full support from the best public adjuster in Broward County to file your claim properly and timely.

  8. Contact info • For further information please contact: • Email - claims@iambenitopaul.com • Address - 1000 N Hiatus RdSuite 120A Pembroke Pines FL 33026 • Website - https://iambenitopaul.com/ • Source URL - https://www.quora.com/What-are-the-pros-and-cons-of-filing-an-insurance-claim-for-water-damage/answer/Benito-Paul-Public-Adjuster?prompt_topic_bio=1

More Related