Are you waiting for a check? Here’s how claim payment works for home insurance.
When your home has experienced damage, all you want to do is to return to normal life. You want the home fixed and your damaged belongings replaced as soon as possible. Even though insurers aim to breeze through the home insurance claim process, there are some steps that require your understanding and patience. To properly understand how the claim payment process works, read on.
Determining the damage
When you file a home insurance claim, the insurer will often send out an adjuster to assess the damage. Here, he or she will be able to offer you a sum of money that will help repair and replace your property. You can work closely with the adjuster and insurance agency to ensure that you make the most of your insurance coverage.
You may not see the money
In some cases, the insurer will send the money directly to the contractor who is working to repair your home. If this is the case, you won’t receive the check. The contractor, however, will ask you to sign a form that grants them to receive the money from the insurer. Read through this document carefully since it is a legal form.
You may receive multiple checks
Generally, homeowners receive multiple checks for different areas of coverage. For example, you will receive one check for your property damage and one check for the damage of your personal belongings. If you have to live elsewhere temporarily while your home is being repaired, your additional living expenses will be another separate check.
Homeowners insurance can help you save money and protect your home from damage and disaster. Ensure that you have the optimum coverage by visiting the professionals at Gee-Schussler Insurance Agency. Our team is here to help you protect your home in Orland Park, Illinois.
