What You Should Know About The Claim Payment Process

When your home has suffered a disaster, you just want it to get back to normal as soon as possible. A significant step to achieve that is filing a home insurance claim and receiving payment for repairs and replacements. To help you get a claim for your homeowners insurance in Antioch, CA underway and get your home back to normal, be sure you understand how the claim payment process works.

The first payment you receive may not be final

In most cases, the insurer will send an adjustor round to the property to inspect the damage. Here, he or she will offer you a certain sum of money for the repairs, based on the terms and limits of your home insurance policy. Be aware that the first check you receive from the insurance company is often an advance against the total settlement amount, not the final payment.

There may be several checks

Depending on the damage and the claim, you may receive multiple checks for the repairs and replacements. If your home has been damaged, that may be one check. If your personal belongings are damaged, that will often be another check. If your home is uninhabitable and you need to live elsewhere temporarily, your additional living expenses will be another check.

You may not see the money

In some cases, the insurer will work directly with the contractor and will pay them for their work. This removes you as the middle person that the insurer pays who then has to pay the contractor. Contractors may ask you to sign a “direction to pay” form that allows your insurance company to pay them directly. Since this is a legal document, it’s wise to review it very carefully.

Ask your insurer for more information about your policy! When you’re ready to secure a quality homeowners insurance coverage, talk to the friendly experts at Jack Stone Insurance Agency. We serve Antioch, Brentwood, and surrounding cities in California. Contact us today to get started!

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