Four Reasons Why Insurance Companies Deny Property Claims
Has your insurance company recently just denied your property claim? Do you want to fight them so that you can receive the compensation you know you deserve? Many people may be shocked, angered, or confused when their insurance company denies their claim. However, they may not have done their homework before filing their property claims in central Florida. These are a few of the most common reasons why insurance companies may deny your property claim.
Non-Coverage
One of the most common reasons why insurance carriers deny claims is because of noncoverage. This means that the policy does not cover the damages that you have suffered. For this reason, you need to update your insurance policy anytime you feel you are not protected from certain issues, dangers, risks, or damages. Take a close look at the fine print of your policy to prevent any issues like this.
Waiting Period
Was your home damaged over a year ago? Did you fail to cite this damage until it was too late? Insurance companies require notice of damages within a specified time frame in your policy. If you wait too long to call your carrier and report any damages, your claim may be denied. For this reason, it is important that your insurance carrier is one of the top priorities on your call list after your home is damaged.
Inaccurate Information
Some people may also have their claims denied because they have provided false information to their insurance carrier. If you forget crucial information or you have made a mistake on the paperwork, it will cost you. This is true even if you made the mistake honestly. For this reason, you need to take it slow and fill out the paperwork correctly. Check it over if you need to have extra assurance that you did not miss anything.
Neglected Maintenance
Insurance companies will also want to see evidence that you have been keeping up with the care and maintenance of your home. If the damages could have been prevented by making repairs or performing some basic home care tasks, you may not have a case. Insurance will cover your home from damages that could not have been prevented, like those that occur from fire, water damage, hurricanes, and severe weather. It does not cover you from general wear-and-tear. For this reason, you need to keep up with your property maintenance so the insurance company will favor your claim.
These are a few of the most common reasons why insurance companies may deny property claims, halting your ability to get the money you need to cover repairs and restorations. If you are looking for the right advocate for your property claims in central Florida, trust our adjusters. Contact Five Star Claims Adjusting to hear how we can help you with your claim today.
