Insurance Claim Concerns in Houston Texas
Fear: Homeowners in Texas pay a hefty price for their homes, with
an annual average of $3429. But they're usually too afraid that if
something were to go wrong while making this claim then rates will go up
or they'll be canceled - which means most people don't even bother taking
advantage of all the coverage options available!
Not Filing a Valid Claim: When you file a valid claim, your rates
will not go up. To avoid this from happening and other insurance policy
schemes loopholes that might hurt you financially, we’ll take care of
everything for you.
Filing an Unnecessary Claim: Homeowner’s insurance is for
significant events like a fire, hail or wind storm, or a fallen tree on
your home. That is, claim which is considerably more than the deductible
(most contain a 1% or 2% deductible) to make it worth making the claim.
But many fail to understand that and file minor damage claims (for
example, theft of a bicycle or a single broken window) which can lead to
high cost and complications in the long run.
Choosing the Wrong People/Company To File Your Claim: If you don't
see much damage or aren’t sure what to look for, have a good restoration
contractor perform an inspection. This will save unnecessary out-of pocket
expenses and fruitless claims on your part!
Storm Chaser/Scammers: When the next big storm rolls in, be
prepared to see a flurry of people at your door. These "storm chasers" may
promise you all sorts of things: that they can save and protect what's
already there from damage done by storms before or new construction
projects; some will even offer free quotes for repairs! But these
individuals are only interested in taking advantage as soon as possible -
often asking cash up front. Some might create fake damages just so
insurance companies would cover their services while others take full
advantage when homeowners get overwhelmed with stress over potential
losses when disaster hits home hardest.
Public Adjuster:It’s better to file the claim yourself or seek help
from a restoration contractor. Public Adjusters are specially trained to
assist you in filing and assessing your insurance claim, but they have no
special ability to expedite a decision, can’t do much to improve the odds
of approval, and they take 10% of your claim, possibly leaving you short
of funds to complete repairs.
Not paying deductible: Failing to pay your deductible is probably
the most common mistake homeowners make. Not only does it mean you may be
committing insurance fraud, but also going along with this scheme could
cause major problems for any future claims that need filing and processing
through an insurer!
Accepting a denial: Many people are not aware that insurance
companies routinely deny or underpay claims. This leaves many in a
difficult situation due to the high cost and time-involvement of an appeal
which only about 20% will challenge their claim's denial.