Saturday, January 05, 2008

Claiming Your Flood Insurance - Act Fast For Results

By John Paige

Natural calamities like floods occur at the most unexpected times. This is something you or your insurance provider has no control of. Here is where the need to have your property insurance come in. This is why you pay regular premiums and why you buy a flood insurance policy to cover your property in times when you need it.

In such a case you should always have the contact numbers of your insurance provider including the emergency help numbers. These numbers can be used to get access for any help in case of calamities. If you don't have it handy then it will be too late when you realize that the number is somewhere among the things that are floating in the water.

If you happen to fall victim to a flood, you must act fast. Always call your insurer immediately, but make sure you act rationally, too. Take reasonable measures to prevent damage from worsening, and salvage items not yet destroyed. It is crucial that you become familiar with your plan before a flood occurs so that you can act accordingly should the worst ever happen.

In case of an emergency and as soon as you are able to, advise your insurance company of your situation. Call your insurance provider and tell them what happened. You can ask for an insurance claim form, then fill out the necessary information called for and send it back with estimates for the cost of repair or replacement of your damaged properties.

In the event that a flood has occurred but you are unable to immediately estimate certain damages, return your claim form right away, noting to your provider that particular estimates will follow as soon as they can be made.

There are three things that happen when your insurance provider receive your flood insurance claim. They might just pay you right away or send a claim assessor to assess the extent of damages to your property. He will be responsible for deciding how much of your claim should be paid. If these two are not possible they will send one of their experts who will guide you about the possible repairs and replacement of your damages that are covered under the insurance.

You should never make the mistake of disposing your damaged properties as this will be required as the evidence when you claim your insurance cover. The damaged properties should be kept intact as long as the insurance company makes their assessment. When you make the claim, other evidences of damages like the receipts and warranties might be helpful, so you should be ready with them.

This makes it a need to go through the insurance policy that you have taken and the contents that are covered under the policy. Whether it is building structures, furniture or other parts of your home, you should know all of that. If you know your insurance policy well it will help you to make your insurance policy claims so easy.

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