THE STEPS OF FILING A WATER DAMAGE INSURANCE CLAIM
When you are filing a water damage insurance claim, the first step will be to determine the source of your damage. Many homeowner’s insurance policies cover damage that is caused by plumbing systems, hot water heaters, and HVAC units. By contrast, flooding from a storm or other weather event may not be covered by your insurance policy. Determining whether your damage is covered by your insurance is the first step of filing a claim.
Evaluate the Extent of the Damage
After you have determined the source of your water damage, you will be ready to evaluate the extent of the damage to your home and personal belongings. Your insurance policy may cover the cost of repairing the structure of your home, and may also provide you coverage for replacing any valuables that were damaged during the flood. In addition, you may also need to inspect for a black mold problem in your home.
Consider Your Deductable
Your insurance deductable is the amount that you will pay out of pocket before your insurance company will cover the cost of your repairs and remediation. As you are filing a water damage insurance claim, it is a good idea to consider the total amount of your deductable. If the cost of your remediation will be about the same as your deductable, you may want to handle the repairs on your own.