November 18, 2017

Initiate NC Property Damage Claim

An NC Property Damage Claim Starts by Notifying the Insurance Carrier

Record NC Property Damage Claim Losses

Don’t wait. Give your insurance agent/company notice of damages immediately. If there is a flood in your home DO NOT wait for the water to go down before contacting your agent. Call right away and ask what information they will need to know.

When you contact the insurance agent, ask these questions:

  • Is there a time limit on filing a claim?
  • Where can I obtain the claim forms?
  • How long will it take to process the claim?
  • Will I need to obtain estimates for the repairs or will the adjuster do this for me?

Even if you think you lack coverage, call anyway

For example, flood insurance coverage is frequently an issue. Most policies don’t include flood insurance; homeowners often have to purchase this coverage separately. If you don’t have flood insurance coverage, call your homeowners insurance claims department anyway. If you need to leave your home while it is getting restored, your policy may cover any out-of-home living expenses if you have Loss of Use coverage.

Inventory and record the damages to your property

It’s always a good idea to document any damages that occur in your home or business. Since you know your property best, the insurance company will expect you to detail the extent and amount of the damage you have sustained. If it is possible, document the damage with a videotape. This lets the insurance agent see at a glace the extent of the damage and will be able to advise you whether or not the claim may exceed the deductible in your policy.

Take close up photographs of your furniture, any damaged walls and rooms, your own personal belongings, etc. Separate all of your personal belongings and home content, the damaged from the undamaged. Don’t throw away the damaged content; your homeowners insurance claims adjuster will want to inspect them. Write everything down that you know is damaged, could be damaged, or missing to make up an inventory list.

If you have documentation (photos, video, receipts, serial numbers, etc.) of your home’s content from before the damage occurred, that would make the insurance claim process run even more smoothly, allowing the adjuster the opportunity to compare the “before” and “after” conditions of your property.

Get Written Estimates before Submitting Your Claim

Get several written estimates from licensed contractors on cost of repairs to your home. Make sure that they include an itemized list of the items and prices necessary to repair your home. The more information you have about the damage to your home the quicker the claims process will be. Complete any paperwork that your home insurance agent or company sends as quickly as possible. Also retain copies of any lists or information sent for your records.

Itemize the scope of damage to your business building and the contents as well as debris removal costs incurred, extra expense, business interruption. Review other coverage your policy may contain.

Meet the Insurance Claims Adjuster

Your insurance company will send out their own claims adjuster to review the damage. Independent Adjusters view the loss from the perspective of the insurance company, resolving doubts in the company’s favor.

It has taken you many years and hard work to accumulate this property and the value of your home and/or business. Your North Carolina insurance claim may actually settle in the hundreds of thousands, or even millions of dollars. Slow down and take the time to evaluate your position and realize that the claim money is yours to spend as you decide. In other words, avoid foolish or wasteful expenses and keep a close eye to detail. Like most people you probably spent an extensive amount of time and research in the purchase of the property; make certain you treat your recovery with the same care.

Question everything and analyze the motives and position of each of the players in your recovery process. Analyze why someone would not want a Public Adjuster on your claim and consider his or her reasoning. If the source of any negativity comes from the insurance company, question why they would prefer you not have a professional on your side. Level the playing field by hiring an American Property Loss North Carolina Public Adjuster.

NC Property Damage Claim Process | Initiate NC Property Damage Claim | NC Property Damage Claim Review

 

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