The Stark Reality Of Insurance Claims... Episode 301

The Stark Reality Of Insurance Claims... ... and the feeling that you get when something wasn't covered that you thought was covered as we enter hurricane season we are preparing for the worst and hoping for the best damage to your home can come from a number of things wind tropical storms hurricanes floods termites vandals aliens when its time for a home owner to place a claim they will need to provide some documentation and then wait for an insurance adjuster to come out to inspect the property their findings will determine if your claim is approved even if your claim is approved, you may not get all of the money you may have a hurricane deductible that needs to be met the damaged part of the home may be subject to prorations based on its age loss of rent for investment properties may have its own challenges as far as flooding goes... if its due to a named storm you may be more likely to have a successful claim if its caused prolonged rains it may be more difficult if the home is in a flood zone other than zone x your claim may very well be dependent upon having a flood insurance policy I always recommend that homeowners ask their insurance agents a lot of "what if" questions tune in to todays show where I break down these scenarios

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