Your home is one of your most important investments. Not only is it an investment, but it’s where you make all of your memories, and where you share all of your meals with your loved ones, but there is a countless number of things that could happen to your home and damage that investment. It’s vital that you have the insurance protection that you need, in case something was to happen.
One of the most common claims that are made to insurance companies is wind/hail damage. Both wind and hail can create massive repairs bills. It’s important that you understand how to make a claim on your homeowner’s insurance and ensure that you aren’t forced to pay for those expenses out-of-pocket. Having adequate homeowner’s insurance is the best way to protect yourself and your house.
At Longevity Brokers, we are pleased to provide the Denver, Colorado area with quality and affordable homeowner’s insurance policy. It’s our mission to protect every part of your life. Everything from your car to your life. It’s vital that you get the insurance protection that you deserve.
Wind/Hail and Homeowner’s Insurance
A traditional life insurance plan covers dozens of different perils that could damage your home. Wind and hail claims are the largest portions of claims that all insurance companies get. Because they are so common, there are a lot of insurance companies that have a separate deductible amount for any wind or hail damage that you have to meet before the insurance company starts paying out in the insurance policy.
It’s important that you understand your homeowner’s insurance policy and the perils that it covers. You’ll want to read over your policy and ensure that it has the wind and hail damage that you need before you run into one of these perils. Each homeowner’s insurance policy is different, and some of them are going to have different factors and components that can change the coverage that you get from hail and wind damage. If you already have a homeowner’s insurance policy, your agent can walk you through the coverage.
There are dozens of different factors that could impact your homeowner’s coverage against wind and hail. For example, some companies are going to take to account how old your roof is. If your roof is younger than ten years old, then the insurance company could pay for the full cost of replacing the roof. If it’s older than ten years old, they could only reimburse you for the cost of the roof minus the depreciated value of the roof.
Filing A Claim
If you find that your house is damaged by hail or wind damage, it’s important that you take all the necessary steps to ensure that your repairs are taken care of. The first thing that you should do after your roof is damaged is to get all of the documentation ready to present to the insurance company. This could be everything from a copy of your policy to pictures of the damage. After this, you can contact the insurance company and start the claims process.
At that point, the insurance company is going to require that you get an estimate for the repairs. There are two ways that this could be accomplished. Either the insurance company will send out a claims adjuster, or you’ll be required to get quotes from a professional contractor. The claims adjuster will come to your home to ensure that there is damage to the roof and give an estimate of the repairs. They will also determine if any of the damage is from something other than wind or hail. If you have an older roof, they should decide that the damage is from aging, not by the wind, which means that you’ll be required to pay for the repairs out-of-pocket. There are dozens of different factors that the claims adjuster will look at to determine how much the insurance company will pay out for the repairs.
Wind/Hail Claims – What you need to know
There are a few different rules and aspects of filing a claim that you should understand to ensure that you’re getting the best coverage. If there is any damage at all, you should consider filing a claim. A lot of policyholders assume that if you only have a small amount of damage on your roof, that you shouldn’t file a claim, but those could turn into more serious problems down the road, like leaks. Regardless of the damage done by the wind or hail, you should contact your insurance company to file a claim.
The next thing that you should know is that after one year, the claim will no longer be valid. If something happens to your home or roof, you should always file the claim as soon as possible. Don’t wait until it’s too late and you have to pay for all of the repairs yourself.
The last thing that you should know is, even if it doesn’t look like there is any damage, you should have a professional come to look at your roof. There could be unseen damage that could lead to serious repair costs later.
Longevity Brokers and Wind/Hail Damage
At Longevity Brokers, are pleased to provide quality and affordable homeowner’s insurance to the Denver, CO area. Not only that, but we help our clients ensure that they have the best insurance plans to fit their needs. We know that finding the perfect insurance policy can be a long and challenging process, but we are here to help. If you have any questions about homeowner’s insurance, or about any of the other kind of insurance products that we offer, please contact one of our agents today.