How Claim Payment Works for Home Insurance

someone writing a check

How Claim Payment Works for Home Insurance

Understand the claim payment process that gets you back on your feet.

If your home has experienced some sort of damage, we know that all you want to do is to return to normal life. You want the home fixed and your damaged belongings replaced. Even though insurers aim to breeze through the home insurance claim process as quickly as possible to get you back on your feet, 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 adjustor 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 adjustor 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.

Ensure you work with the right professionals so that filing a claim is a smooth process. At Dougherty Insurance, we represent multiple carriers and are able to explore all of the best homeowners insurance options. We want to make sure that you have the coverage you need – it’s our job to help you! Contact us today for unparalleled insurance in Illinois, Wisconsin, and Indiana.

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