Insurance Claim Denials After Hurricane Matthew

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Insurance Claim Denials After Hurricane Matthew

Insurance Claim Denials After Hurricane Matthew: The Truth

When Hurricane Matthew made landfall last week up and down the coast, thousands of people and homes were affected by the mass destruction that it caused.  Most people are probably comfortable in knowing that they have insurance and will be covered for any damage that should come their way.  This is mostly true, but in this article, we will look at the darker side of insurance and Insurance Claim Denials After Hurricane Matthew.  If you thought you were covered to be reimbursed for your loss, you may not end up being covered in the end.  I am going to go over a handful of items that just may not be covered in the end.

1. Insurance Claim Denials After Hurricane Matthew: Flood / Storm Surge

Under normal circumstances you are covered should a storm come through and your house gets damaged and some rain water gets in.  However, if there is a storm surge and mass flooding, your policy may not cover this damage.  In most cases you need to have additional flood insurance in order to cover these losses.  In a time of need, it is horrible to think that Insurance Claim Denials After Hurricane Matthew just because you didn’t have enough insurance.

2. Insurance Claim Denials After Hurricane Matthew: Replacement Value

Just because you have insurance does not mean you are going to get 100% of your money back for an item that is damaged or ruined.  An example of this would be a TV you paid $500 for that you may only get $150 for.  Before insurance claims get paid out you are going to get the depreciated value of the item in return.  In this case, you are not going to be repaid 100% and may still be out thousands of dollars when trying to replace all the items you may have lost.

3. Insurance Claim Denials After Hurricane Matthew: Renter Items

This is a tricky area where you can potentially lose a lot of money if you don’t have the proper coverage.  If you are renting a home from someone the owner of the home will normally have the dwelling protected, however, you better make sure your items or insured or you could possibly be out a lot of money in the end for overlooking your renter’s policy.  What you can also do is make sure you have adequate coverage to encompass all your belongings that are in the home you are currently living in.

Insurance Claim Denials After Hurricane Matthew: Conclusion

As you can see, if is very easy to leave yourself vulnerable after such an awful time and let that result in Insurance Claim Denials After Hurricane Matthew.  The least of your worries should be if you are going to get insurance claim denials, but it is the truth if you don’t make sure you are properly covered for such events.  Don’t be left out in the cold and make sure you have adequate coverage.  If you are looking to ensure your home is covered properly, we have the resources here at www.loanconsultants.org to ensure this.  Please contact me ASAP for more information at 888-900-1020 or email at contact@loanconsultants.org.

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