How to File a Claim on Your Homeowners Insurance in Texas
Filing an insurance claim for homeowners insurance in Texas is kind of a big deal. Overall, most homeowners only file one claim every 10 years. So, for the most part, insurance companies don’t expect you to file a claim for every little thing that may happen to your home. Insurance companies make their money by gambling that you won’t turn in claims on your homeowners insurance in Texas. However, there may come a time when you really feel it’s necessary. Learn when you should consider filing a claim, and how to file a claim on homeowners insurance in Texas properly.
When to File a Claim
First off, you should consider the pros and cons of filing a claim. The obvious advantage to filing a claim is that you’ll get damages to your home repaired and covered by your insurance company. Now, consider potential disadvantages.
In every state except Texas, your premium will increase after filing an insurance claim. Texas does not penalize first time filers filing a claim against their homeowners insurance Houston. However, you should consider that down the road, you may need to file a second claim, and you will see a premium increase.
Increased premium costs resulting from claims can vary from one insurer to another, but it’s possible to see a premium increase as high as 20 percent. This isn’t a one-time increase, so think carefully before filing a claim.
In addition, once you file a claim on your homeowners insurance in Texas or any other state, this will be recorded in the insurance CLUE database. You should understand that the CLUE database is accessed by all insurers, and it affects other types of applications for insurance you may apply for in the future.
Consider filing a claim if you suffer very expensive damages that you cannot cover yourself.
Filing a Claim on Your Homeowners Insurance in Texas
Immediately after damage occurs, document the damages before filing a claim on your homeowners insurance in Texas. This means taking photos of the damage, locating receipts, listing damaged items, and it includes your home inventory if applicable.
Don’t Make Any Permanent Repairs
Insurance companies expect that you will make a temporary repair to prevent additional damage to your home. However, if you make permanent repairs before a claims adjuster has a chance to inspect the damages, you may have your claim automatically denied by the insurance company even if you have photo documentation.
File Claims Quickly
If you have decided the damages warrant filing a claim against your homeowners insurance in Texas, file your claim quickly. Insurers do vary on the time limits they set for filing a claim after a disaster or event. However, many insurance companies may deny claims if it has been more than a couple of months since you sustained the loss.
Your Visit From the Claims Adjuster
Once you’ve filed a claim, you can expect a visit from an insurance claims adjuster. He or she will investigate the damages, take photos and determine if the claim is valid. The inspection report ultimately determines the dollar amount for repairs.
Consider the Claim Settlement
As a homeowner, it is up to you to decide if you feel you’ve received a fair settlement from your homeowners insurance in Texas. If you don’t agree with the findings, you can hire your own public adjuster.
Obtain Repair Bids
Always get several repair bids from well-known local contractors before making a decision for repairs. Beware of unsolicited contractors offering their services hoping to cash-in on your claim for homeowners insurance in Texas.
Remember, filing an insurance claim against your homeowner insurance in Texas should be considered carefully. Make sure the possible increase of a premium and being listed in the CLUE database are worth filing the claim.