One thing homeowners are often reminded of when their home suffers damage is the importance of notifying the insurance company as soon as possible. In fact, the rule of thumb is to file your claim within a minimum 90-day period. Should you decide to wait longer, you may encounter difficulty in proving the damage and it may also cause the claim process to drag out longer than it should.
There is the option to pay for the repairs and seek reimbursement before filing a claim. However, there is a risk of your insurance company not approving how you went about the repairs or the contractor you hired to take care of it. If there is a possibility that the insurance company could have spent less money, it may result in a drawn-out process and lots of back and forth.
If you do decide to file a claim right away, there is the potential for the insurance company to give you a settlement within a short amount of time. However, it’s important to be wary and make sure you’re receiving a sufficient amount to cover not only damages but also things like wages lost, for example.
This information is provided by Miami insurance attorney Alonso & Perez, LLP. Our areas of practice include bankruptcy, insurance litigation, foreclosure defense, immigration law, and more. Call 305-676-7545 to speak with one of our attorneys and receive a free consultation We look forward to working with you.
This information is provided for educational or informational purposes only and should not be construed as legal advice. The information is not provided in the course of an attorney-client relationship and is not intended to substitute for legal advice.