Louisiana, like many other states, is located in a dangerous hurricane zone. When the winds pick up frightening speeds, and the sea levels rise, homes and businesses could suffer severe damage. Persons suffering losses may file insurance claims if they have the proper coverage. Taking appropriate and diligent steps may help move the claim forward.
Filing a hurricane damage claim
The Insurance Commissioner provided advice to hurricane victims through a news interview. One suggestion focused on documenting all damage the hurricane caused to a property. The Insurance Commissioner also noted that it may be wise to report “minor” damage even when it falls below the deductible amount.
Filing a claim accurately and timely seems advisable. Often, repairs begin after the claim is filed since the insurance adjuster must review the damage. However, claimants could be responsible for further damage after the incident if they don’t take preventive steps.
The Federal Emergency Management Agency (FEMA) may also provide financial assistance to victims of hurricanes. Filing a claim with FEMA could help with covering some losses.
Further issues with hurricane insurance coverage
Whether filing a claim on a homeowners’ or business insurance policy, the insurance company will only pay based on the terms and conditions of the policy. For example, if a policy does not cover flooding, the insurance company has no obligation.
Also, a policy may come with a deductible, possibly a high one. When wind damage coverage presents a $5,000 deductible, the policyholder must cover that amount before the insurance company pays for additional wind-related hurricane damage.
Insurance companies may try to avoid paying claims or offer low settlement amounts. Clients unhappy with their treatment by their insurance providers may take legal action when the insurance providers violate their contracts.