After a natural disaster, you might feel like your world has come crashing down. But the good news is that there’s almost always a way to rebuild after a disaster. Here’s what you need to know as you begin the rebuilding process…
What Home Insurance Covers
A standard homeowners insurance policy contains six coverages: dwelling, other structures, personal property, loss of use, personal liability, and medical payments. The first four are typically what comes into play when rebuilding the house and replacing lost contents.
Filing The Home Insurance Claim
You’ll need to file a claim with your insurance company when a disaster strikes. In most cases, you can do this online. However, you can only file a claim after the damage has been reported to your insurance company. There are also some situations, like a wildfire or a hurricane, when you can file a claim even if you didn’t know about the damage until after the event had passed.
Considering A Public Adjuster
You might consider hiring a public adjuster to help you file your claim instead of relying on your insurance company’s adjuster. Public adjusters have special knowledge and experience dealing with insurance claims; their job is to get you the most money from your insurance company. They’re typically paid a percentage of what you receive and can help you avoid unnecessary delays.
Other options have popped up relatively recently. Independent insurance adjusters do the same work as a claims agent but take their pay from the insurer as a contractor instead of a percentage from the homeowner’s insurance payout. Some will also offer project management services, communicating between you, insurance, construction team, and other services to take the burden off your shoulders. The best way to find one is by searching for “Independent insurance adjusters near me.”
Where You’ll Live During Rebuilding
The “loss of use” coverage in your insurance policy helps pay for you to live somewhere else temporarily while your home is being rebuilt. You can opt to have the insurance company pay for a hotel or other temporary residence, or you can choose to stay with family or friends.
Rebuilding after a disaster is challenging, but it’s important to remember that it can be done. The key is to be prepared and trust that the process will unfold as it should – one step at a time. With patience, you’ll be on your way to a new and better life.