Insurance certainly comes in handy, especially when catastrophe strikes. Instead of losing everything, your insurer can provide the funds needed to help you rebuild your life following a devastating fire, car accident, or some other misfortune.
Immediately following the disaster, you probably won’t be in the best frame of mind. One of the first things you should do is to call your insurance agent for assistance. He or she can guide you offering comfort and instruction on what to do next.
My insurance company, State Farm, recently mailed out some tips on what to do to help people recover from a catastrophe. Solid information, just the right tips to help you rebuild your life:
- Take photos of all of your damaged property.
- Keep receipts for all of your food and clothing purchases and for living expenses.
- Do not dispose of any damaged contents or debris until you are authorized to do so by your agent or claims representative.
- Whenever possible, prevent further damage to your property by using tarps, plastic sheeting and other materials to keep additional debris out of your home or vehicle.
- If your car has been under water, do not start the vehicle.
- Take steps to extract the water from your home or vehicle and start the drying process.
- Document time spent cleaning up and preventing further damage.
- Contact only licensed vendors for repair estimates.
- Have estimates signed by the vendor and approved by a State Farm claims adjuster before having major damage repaired.
Most insurance companies will prioritize claims based on need, therefore if your home is uninhabitable, you’ll be prioritized. Be careful when dealing with vendors during this time as some people will take advantage of their misfortune for their personal gain. Make sure that you work only with licensed vendors, repair shops and construction companies when you repair or replace your property.
Source: State Farm
Adv. — Are you looking for a home loan or considering refinancing your home? Interest rates continue to remain low and lenders are looking for new business. Now could be a good time to secure a home equity loan or equity line of credit, just what you need to help you expand your home or consolidate expenses.
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