Dealing with water damage is one of the most frustrating experiences a homeowner can have. Whether it’s a burst pipe, a leaky roof, or a flood, water damage can be devastating to your home and your wallet. That’s why it’s important to understand how your insurance company handles water damage claims.
Unfortunately, your insurance company may not have your best interests in mind when it comes to water damage estimates. Here are five secrets your insurance company doesn’t want you to know about water damage estimates:
1. Your Insurance Company May Not Use a Qualified Estimator
Many insurance companies use third-party estimators to assess water damage claims. While these estimators may be experienced, they may not be properly licensed or trained to accurately assess the extent of the damage. This can result in a lower estimate, which means less money to cover repairs.
2. Your insurance company may not cover all the damage
Your insurance policy may only cover certain types of water damage. For example, if the water damage was caused by a flood, your policy may not cover the repairs. It’s important to review your policy carefully to understand what is and is not covered.
3. Your insurance company may use “preferred vendors”
Some insurance companies have “preferred vendors” that they recommend for repairs. While this may seem like a convenient option, these vendors may not provide the highest quality work or use the best materials. It’s important to do your own research and choose a reputable contractor that you trust.
4. Your insurance company may try to lowball you
Insurance companies are businesses, and their goal is to make a profit. This means they may try to offer you a lower settlement than you deserve. Don’t be afraid to negotiate or get a second opinion if you feel like you’re not getting a fair deal.
5. Your insurance company may delay the process
Insurance companies may also delay the claims process in the hopes that you will give up or accept a lower settlement. It’s important to stay persistent and document everything, including communication with your insurance company and any contractors you hire.
In conclusion, dealing with water damage is never easy, but understanding how your insurance company handles water damage claims can make the process less stressful. Remember these five secrets your insurance company doesn’t want you to know and don’t be afraid to advocate for yourself and your home. Contact us now if you want free estimation review and save more money!