Residential Property Claims Information You Need To Know

Having a shelter is one of man’s basic needs. Homes protect people from the forces of nature such as rain, snow, and hail. When disaster strikes, your home can become damaged to the extent that you cannot handle the expenses alone. This is where having a residential property can come in handy. You can use the value of your policy to cover for the emergency expenses.

According to the website of Williams Kherkher, natural calamities can cause extensive damage to your home. In order to get compensation, you may need to file a claim with your insurance company. Once they receive your application for a claim, your insurer will review it and award you the right compensation based on the damage to your property. Watch out though because most insurance companies will do anything to reduce the amount they will pay you.

When filing for a claim, make sure that you have the necessary supporting documents. You can take pictures of your property after the damage so the insurance company can easily assess the worth of your claim. The insurance company may require you to complete a “proof of loss” form. This documentation helps the insurance company get more information about the damage.

After receiving the request, your insurance company will send an insurance adjuster to conduct an investigation of the extent of damage to your property. It is important that you provide as many information as you can to hasten the processing of your claim. After evaluating the damage, the claims adjuster will then make a “scope of loss,” which may include the extent of damage, quality of the materials and workmanship, and the measurements needed to calculate quantities.

It is worth noting that scope of loss is not yet the finished estimate. It does not list any price as well as calculated quantities. It only provides a raw count and the required measurements for calculating quantities for the estimate.

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