What is a property claim?
A property claim is any damage that occurs to your home or business, and is covered under your insurance policy. For example: Hurricane damage, Fire or Smoke damage, Broken or Blocked plumbing lines, Burglary or Theft, Mold, Sinkholes, etc. Typically, when damage occurs to a home or business, the homeowner or business owner would call their insurance company (much like car owners do when they get into an accident). The Insurance Company will create a claim and dispatch an adjuster to the home or business.
This kind of claim is a legal draft of the expenses of the damage caused to your insured property. Property claim agents assess the authenticity of your property insurance claim for its approval. Only after they approve the claim, will you be compensated for your insurance covering the damage to the property and also its reconstruction costs. Types of property claim cover: Property claim policies categorize the kind of damages with their own sets of guidelines. In fact, the amount you will get from the claim service will be determined by the type of policy you bought combined with the kind of loss and damage to your property as assessed by the agents. The major types of policies are: – Personal Property: This covers the contents of your home interiors, including everything from your appliances, your bedding, furniture and what not. – Real Property: This includes the building and land on which your home stands. The demarcation is necessary since a natural calamity such as a flood can da
A Property claim is any damage that occurs to your home or business, and is covered under your insurance policy. For example: Hurricane damage, Fire or Smoke damage, Broken or Blocked plumbing lines, Burglary or Theft, Mold, Sinkholes, etc. When damage occurs to a home or business, the homeowner or business owner must call their insurance company or agent as soon as possible and report the claim. The Insurance Company will create a claim and dispatch their adjuster to the home or business.
