You May Be Surprised by What Your Policy Actually Covers
If you’re like most people, when it comes to insurance you probably think that because your policy says you’re covered for certain damages it means that you’re covered for those damages. Unfortunately, that’s not always the case. In fact, many policies only cover a very specific set of events or circumstances – which can be used to deny your claim or lessen your payout. Before you file a claim with your insurance company, it’s important that you know what your policy actually covers and what exactly is not covered by your policy. Otherwise, you may be shocked when you find out that you’re not actually covered by the insurance policy you thought you were paying for.
Your insurance company has the ability to exclude certain items from coverage as long as it’s spelled out in the policy. Many insurers will use this to their advantage by defining very specific circumstances that must be present in order for them to pay out a claim. For example, your policy may cover property damage caused by a hurricane. However, the fine print specifies that there must be a wind-created opening for the insurance company to cover the damage. The insurer may use this to deny your claim if a storm caused the damages to your property. In these cases, the insurer would argue that you are uninsured for the type of damage sustained, and deny your claim, or only pay a small fraction of the amount needed to properly repair the damage. You should also discuss the details with your insurance agent if you have any questions about your coverage so that you can make sure you’re getting the protection you need.
This is why it’s important to read your policy carefully. In order to protect yourself against this type of situation, it’s important to read through the fine print on your insurance policy carefully before you sign on the dotted line. You want to make sure that you’re fully covered for anything and everything that could reasonably happen. If you find that you’re not, you may want to consider adding additional coverage to your policy that will provide you with the protection you need. Although property insurance in Florida isn’t cheap, it’s often worth making sure you’re covered for the common damages we see – and better than paying out of pocket for costly repairs. If you find that you’ve been unfairly denied a property damage claim that you believe should be covered by your insurance policy, you should contact an adjuster to get a second opinion. They may be able to change your denial into a settlement that will allow you to move forward with your claim.
In the meantime, make sure you’re familiar with your policy’s coverage and how it works. That way, you’ll be well aware of the extent of your coverage and what to watch out for. If you’re not sure what your insurance policy covers, contact Honest Lion Adjusting for a detailed examination of your coverage and what you might need to do to collect on your claim. We’re here to help you get the most out of your policy, and give you your best chance at returning to your pre-loss condition.