How to successfully file a water leak insurance claim.
Experiencing water damage is not only costly, but it can grind your entire life to a halt. This is why it’s absolutely essential that the process of filing a water damage claim goes as smoothly as possible so that you can get your life back on track. When you delay an insurance claim, you’re more likely to have a battle on your hands with the insurance company. Here, we want to inform you of the best practices and easy application of filing a claim so you don’t have to live in dread!
Water Damage Claims 101
The unfortunate truth is that water damage claims are the second most common type of damage claim after wind and hail. Unfortunately, the frequency of claims has been increasing in recent years, which makes it even more important to understand what you should do after experiencing water damage. To help ensure that you don’t hit any snags along the way, let’s look at some basic info on water coverages that you can ensure that your claim is successful:
1. Know Exactly What Your Policy Covers
Many people are under the incorrect assumption that any type of water damage, whether it’s from storm damage or leaky pipes, will be covered by their insurance policy. This may not be the case and will depend on exactly what is included in your contract. You should definitely look over your policy if you are ever concerned with water damage before it occurs, but it’s obviously essential to take a look at it if you are considering a water leak insurance claim.
2. Gradual Damage Often Isn’t Covered
The reason for water leak insurance claim denials is often due to what is considered gradual damage. Examples of gradual damage include the leaking of pipes, faucets, and other plumbing elements from normal wear and tear that causes damage to walls, ceilings, and floors over time. It also includes situations where water has seeped in from cracks in the home’s foundation or from the exterior of your house.
3. Contact a Reputable Claims Adjuster
It’s important to remember that an insurance company is a business that needs to make money, which means they will often give you a lowball offer when your claim is accepted or may initially deny your claim in an attempt to scare you away. Hiring a reputable claims adjuster will put a professional on your side whose purpose is to argue for the case of your water leak insurance claim and maximize your payout.
4. Don’t Leave Any Details Out of Your Claim
Before submitting your water leak insurance claim, be sure that you don’t leave out any details. There are two reasons for this. First, some details that you leave out may actually decrease the amount that you’re entitled to. Second, if your insurance company believes that certain details have been intentionally left out to the point where they fear it may be fraudulent, that is likely to increase the chance of your claim being denied.
Exceptions to Gradual Damage Exclusions
Even though gradual damage that’s part of a water leak insurance claim is often not covered by a homeowner’s insurance policy, there are exceptions. For example, if the gradual damage is due to a broken pipe, water tank, or washing machine due to unexpected wear and tear, then there’s a good chance your water leak insurance claim will be accepted. However, the source of the damage would not be covered.
Contact Anchor Public Adjusting for a Water Leak Insurance Claim
It’s always best to receive help from a public adjuster for a water leak insurance claim. Anchor Public Adjusting will ensure that your claim is not denied and that you receive the maximum level of compensation! Our experts handle all types of damage, including water damage in Tampa, fire damage, storm damage, and mold damage in Tampa, FL. Give us a call at 727-303-4967 to speak to our claims adjuster and we’ll help you with your water leak insurance claim so you can fix your home quickly and get back to your routine!