Having a property damaged due to a natural calamity is indeed traumatic. The cost of restoring it properly is usually involves lots of money. The owner may not be well equipped to spend it in the aftermath of the damage though as there are several other expenses to take care of. However, most home owners have an insurance policy that covers all sorts of damages to their property and getting in touch with the concerned insurance carrier apart from carrying out the required fire damage restoration in Chicago IL is definitely the right step forward.
Sadly, the ones who hope to get the required amount for restoration of the damage often find themselves waiting for months to receive it from the insurance company. Answering the insurance adjuster and attending to the paper work is likely to leave the claimant totally exhausted and disillusioned with the entire process.
Most people remain unaware of the lengthy process and the manner in which the insurance adjuster can prolong even a valid claim unnecessary. It makes sense therefore to get in touch with the best insurance claims adjuster in Skokie IL and receive the dues at the earliest.
Home Insurance Claims: Surprising Facts
Reconstruction – Trying to build a new house is likely to cost much less than rebuilding the damaged one in parts. Trying to match the old construction style and keeping up with the modern day trends is often onerous and hugely expensive. It is cost effective to build a house from scratch. Hence public adjusters advise making a claim for new construction.
Mortgaged Property – The amount for rebuilding is split between the owner and the individual holding the lien for mortgage when the insurance company honors the claim for home damage. The mortgage holders are not quick to release the requisite amount though and often the owner has to spend his / her own money for restoration/ construction first. The mortgage companies often release the money received from the insurance company in installments after the damage has been made good.
Rights – Receiving a check from the insurance company for damages to the property is in no way the total amount that a home insurance company is liable to pay. An owner needs to take up the issue when the check is considered to be the ‘full & final’ settlement for the claim. The claimant is certainly not obligated to waive his rights to the claim on receiving a onetime check.
Replacement – The concerned insurance carrier needs to pay for the property damaged not simply replace the expensive items with cheap replacements. A public adjuster can definitely help with this aspect so that the homeowner gets the proper value for the damaged articles.
The entire process of making the claim and receiving checks seems to an endless one with the insurance company often requesting the claimant to submit receipts for the cash payments made on behalf of the company. However, most individuals are too exhausted to claim every cent they spend for replacing their belongings and the insurance company gets away settling the claim for a lesser amount.