Property insurance gives you the opportunity to obtain compensation for damages incurred in connection with damage to, loss of apartments and property. Valid policy at the coming of insured event – fire, flood, earthquake, theft. But having insurance is not a guarantee, exactly what the insurer will compensate damage caused to your property. In case the insurance firm will find the prerequisites for refusal, it may not pay compensation. As a consequence, the right to damages will need to prove and justify.
Actually what we need to do to get the insurance money
In order to receive payments upon occurrence of an insured event, the owner-occupiers is required to observe a number of rules not only in the use of the policy, but also in its design. This minimizes danger for which you have the right to refuse.
1. Contract with detailed description of property and insurance claims
The usual form of contract for the finished product connects the main list of insurance claims and insurance amounts – for construct, repair and property without a detailed inventory of all the above. The actual rating representative of the company here is not carried out.
By signing this agreement, the property owner insures it in the context of common situations – fire, flood, theft. The damages caused to furniture, equipment it can be quite easy to refuse, as there is no specific description of what is insured and what it was able. Because of the large deductible, the insurance covers not the whole amount of damage.
So if you want to obtain maximum compensation for losses, refrain from the "box" (prepared in advance) products of the insurance company. Require to make the agreement precise description of all situations in which you will be able to claim compensation. Consider a detailed list of property:
• interior elements;
• furniture;
• household appliances;
• finish;
• jewelry, valuables.
The list issued with market price of each item. Separately describe the property subject to insurance, and beyond the walls of the living space – outdoor unit of air conditioning equipment for satellite TV.
2. Observe the terms of the appeal to the insurance company
The period in which you can apply to the insurer the later of the insured event stated in the contract. But it is better to call the firm immediately as soon as the insured event occurred. This is due to the fact that the arrival of the appraiser must be able to assess the damage. Than before he'll be that more likely, actually, that insurance policy will cover the losses. If at the time of application to the insurer no more than stipulated in the agreement, the company will refuse to pay compensation, referring to the inability to objectively assess the extent of the damage. In addition, the insured simply did not comply with the terms of the contract.
3. Save as much evidence of damage
At the coming of insured event mandatory document this precedent by the representative of the appropriate service depending on the situation, this will be the housing office, condominium, police, or emergency situations. A copy of the act will need to be given to the insurer. But to get the most compensation only documents will not be enough. Do not rush to throw away damaged property, cleaning of housing subsequently, the elimination of emergencies. Please, leave everything as it is before arrival of the authorized technician. This will enable more informative and objective picture of the damage.
4. Do not conceive of the insurance company important and obvious facts
If you rent living space to rent or intend to make repairs in the insurance phase, then this should inform the insurer. These circumstances are envisaged when drawing up the contract, they affect the cost of the policy. This is due to the fact that tenants or repairs are additional risk factors – the probability of property damage increases slightly.
If you hide these facts, may get no compensation, as when the insured event, the appraiser likely will reveal. The firm considers the fact that you gave on the estate all the necessary information, the contract is biased and cannot be considered valid.
5. Do not skimp on the franchise
The deductible is the sum that the insurance company does not cover. Upon occurrence of the insured event loss is calculated and from it is subtracted the amount of the franchise. If the loss is less than the deductible – insurer pays nothing. This is done in order to save the insurance company from red tape and litigation in cases with small amounts of damage.
Basically, the larger the deductible, the cheaper the policy – but the savings are quite insignificant, considering that upon the occurrence of the insured event the payment can be lower by thousands, and even tens of thousands of hryvnia. So if you buy insurance, it is best to buy it complete – just a little extra. So you will get a refund of almost the entire amount of the loss, regardless of its size.
Why not pay the insurance
There are situations in which, even, it would seem, upon the occurrence of an insured event, you will not be able to influence the company's decision, and the payment for damages to your property, will not put. It arises under these circumstances:
• Damage caused by the policyholder
The policyholder or his family members themselves intentionally or accidentally damaged the property without having the contract clause on the insurance of their own negligence.
• The property is damaged outside the apartment
If the property is damaged outside the home, the insurance is not covered.
• Violated other terms of the contract
Even if your case is fully covered by insurance, but you do not comply with the procedures and standards of treatment to the insurer, the payment will be denied.
Upon the occurrence of such situations, the company does not pay compensation, but the insurance ceases to apply on damaged items, appliances, furniture. Therefore, in order to receive compensation for damaged or lost property, real estate, make sure that your case meets the insurance and you have not breached the obligations under the contract. Contact the company as soon as possible after the incident emergency.
