Negotiating with your insurance company after a flood can be a daunting task. However, by following these tips, you can increase your chances of getting a fair settlement.
1. Gather Your Documents
- Policy number
- Proof of loss
- Estimates for repairs
- Photos of the damage
2. Contact Your Insurance Company
As soon as possible after the flood, contact your insurance company. They will assign you a claims adjuster who will help you assess the damage and file a claim.
3. Be Prepared to Negotiate
The insurance company will likely offer you a settlement amount that is less than what you think you deserve. Be prepared to negotiate and provide evidence to support your claim.
4. Get an Independent Appraisal
If you are not satisfied with the insurance company’s offer, you can get an independent appraisal. This will provide you with an unbiased estimate of the damage.
5. Don’t Sign Anything Until You’re Satisfied
Once you have reached an agreement with the insurance company, be sure to read the settlement agreement carefully before signing anything. Make sure that you understand what you are signing and that you are satisfied with the terms.