A strong homeowners insurance policy will provide financial peace of mind when something damages your property. However, to receive compensation for repairs or lost belongings, you’ll need to file a claim with your provider. If this is your first time, the process may seem overwhelming. Below are several strategies to help you organize information and get the prompt support that you need.

What Should You Do When Filing a Homeowners Insurance Claim?

1. Consider the Policy Terms

Before claiming anything, review your homeowners insurance policy to determine if the damages fall under a covered event—such as fire, theft, or frozen pipes. If the policy covers the event, check your deductible to see how much you must pay out-of-pocket before you receive funds from your insurance company. If the deductible is more than the loss, it may be in your best interest to avoid filing a claim.

2. Don’t Wait to Report

If you decide to file, call your insurance company as soon as possible to inform them of the loss. Waiting too long to report the incident may delay your claim, making it more challenging for the adjuster to assess the damages accurately.

You should also get a police report if you suspect the damage was due to criminal activity—such as arson, theft, or vandalism. This will help support your claim.

3. Document the Damages

The more details you can provide to the insurance company and adjuster, the easier it will be to calculate a settlement. Ideally, you should take multiple photos and videos to depict the scene thoroughly. Make sure that these images include all aspects of the damage. Next, review your policy’s inventory list and identify any covered belongings.

4. Get Estimates

When you experience significant property damage, have contractors come to the property and inspect it. This will give you an estimate of the repair costs, allowing you to gauge how much your insurance settlement should be. Additionally, you can use this information to find other companies that may offer a better price.

5. Keep Receipts

You may incur several expenses before your insurance payment becomes available. For example, you may need to cover hotel fees if you cannot live safely at home. It’s also possible that you must pay for emergency repairs to prevent further damage. Save any receipts related to these costs so that you can apply them to your insurance claim.

Before you experience losses as a homeowner, turn to Taake Insurance Agency LTD to maximize your coverage. Based in Columbia, IL, this independent agency will create a reliable homeowners insurance policy that covers risks your property may face. They’ll also compare rates from different carriers so that you get optimal protection for a competitive price. Visit the website to learn more about their coverage options, or call (618) 281-7656 to request a free insurance quote. If you have experience with this company, leave a review for them online.