When you experience a flood, it can be an overwhelming time. But taking quick action will help you rebuild and get your life back on track. When you need to file a claim, there are several steps to follow.
Contact Your Insurance Company
Flooding is one of the most common natural disasters in the United States, with 90 percent of all-natural disasters involving flooding. Even if you live in a low or moderate-risk area, it’s essential to understand the protections flood insurance can offer and how to obtain it.
While many homeowners’ policies do not cover flood damage, getting a separate Ohio flood insurance policy that provides additional coverage is possible. This type of insurance is called flood insurance, providing building property and contents coverage.
Your insurance agent can also help you determine your flood risk and the best options. For example, you can lower your premium if you live in a community taking steps to reduce flood risks.
When filing a flood insurance claim, ensure you provide all the details of the damage to your property and belongings. This includes a list of damaged items, pictures and videos, and receipts for damaged appliances or electronics. This will make the process easier for an adjuster and help you get reimbursed for lost or damaged items.
Make a List of Damaged Belongings
The best way to get reimbursed for your flood losses is to list your damaged belongings. This will help you file a claim but also help your insurance company assess your losses better and get you the most money possible. Be sure to include all the essential items in your house, like furniture, electronics, clothing, and other possessions harmed in flood.
The trick is to make this list promptly so you can submit it to your insurance company for a prompt response. As you move through each room of your home, note anything that is a bit off and needs to be repaired. Then, assemble the best of these lists in one convenient place, which you can later review with your insurance agent.
Consider listing the top ten most expensive items in your home or car. While at it, remember to take a photo of the oh-so-expensive vehicle or item for proof of loss.
Schedule an Adjuster’s Visit
Your insurance company will send an adjuster to inspect your home and determine if you have a valid claim. This person will assess your property damage, then calculate how much it would cost to replace your belongings. The adjuster will also give you a proof of loss form.
When the adjuster arrives, ask questions and listen to what they say. This will help you understand the process better and get a clearer picture of what’s happening.
Be sure to keep a detailed record of everything they tell you. This will help you stay organized throughout the entire process and avoid roadblocks.
You don’t want to make false statements to an adjuster, as this could result in you being denied compensation or sued for insurance fraud. In addition, be sure to keep all your receipts and documents that support any claims you file.
Once the adjuster has finished evaluating your home, they will write a report. Please review the information carefully before signing it to ensure you are satisfied with all aspects of the claim.
Contact them or the insurance company if you have questions about the adjuster’s report. This will ensure you receive complete, accurate, timely proof of loss.
Once the claim is completed, you will receive a check for any losses and damages covered under your policy. This includes replacement cost (CV) and actual cash value (ACV) for your building and contents.
File a Claim
Knowing how to file a claim with the insurance company is essential when you have a flood. You must complete a form and get an adjuster to evaluate your home and belongings.
First, you should make a list of your damaged property. This list should include all items damaged or destroyed by the flood. It should also have their descriptions, brand names, where purchased, and a general estimate of the loss amount.
You must sign and submit a “Proof of Loss” form within 60 days after the flood. This form must be completed correctly, or the insurer may reject your claim.
After you’ve submitted your proof of loss, the adjuster will give you an estimate of the damages and how much it will cost to repair or replace your damaged items. This estimate is based on the adjuster’s findings and your provided inventory list.
The insurance company will then process your claim and pay the settlement amount for building damage to your home or business and for damaged personal property. The settlement amount you receive is based on the replacement cost value of your property and its contents.