Hurricanes are among the world’s most powerful storms. They frequently wreak widespread damage and destruction to houses and businesses when they make ashore.
If your homeowners or renters insurance policy does not cover hurricane damage, you may be eligible for a Hurricane Damage Insurance Claim (HDIC). But, there are some things you should know about submitting a property insurance claim before applying for an HDIC.
How Does Property Insurance Claims Work?
If you live in a hurricane’s path, it’s critical to understand what your homeowners insurance covers and what it doesn’t. Flooding or damage caused by flying debris from the storm, for example, may or may not be covered by homeowners insurance. It may also be unable to compensate for damages that existed prior to the storm.
If you reside in an region where hurricanes are a possibility, you should be aware of the storm damage insurance claims process. Here’s a rundown of the steps and timelines for making a claim for storm-related damages.
1. What is Hurricane Damage Insurance?
Hurricane damage insurance is designed to cover damages that are explicitly related to hurricanes. This type of claim does not apply to other types of or floods, and it will likely be denied if you attempt to file a hurricane-related claim after another kind of storm has hit your property.
If flooding was your main source of storm damage, you may be eligible for a flood insurance claim.
2. How to File a Claim
To file a hurricane damage claim, you will need to contact your insurance provider as soon as possible after the storm has passed. It is also important that you document all with photos before beginning any repairs or cleaning. Hence, you have proof of how bad the situation was in case there are questions later about what needs to be covered by your claim. To file a hurricane damage insurance claim, you will also need the following information:
- Your insurer’s policy number and contact information.
- The date of the loss (essential because this is when the time starts ticking).
- A detailed account of what was damaged or destroyed as a result of storm-related forces, including images.
- Give specifics about your home’s construction, such as the roof and foundation’s age. Storm-related documentation (such as landscaping damage) is not included in your policy’s limits.
- If you still owe rent or a mortgage, you’ll need to keep track of it.
These steps may appear to take a long time to accomplish, but it is important to get started on this process as soon as possible. Furthermore, insurance protects you from further losses while you wait for your claim to be processed and reimbursed by the insurer.
3. Types of Claims
Depending on the losses produced by a storm, you can file one of three types of hurricane damage insurance claims.
- First, if your home is severely damaged, you may be eligible for an Actual Cash Value (ACV) Claim, in which the insurer reimburses you based on their estimate of how much it would cost to replace the damaged items at the time of filing.
- Second, if your property is unaffected but you have incurred considerable expenses as a result of the hurricane (such as hotel fees for temporary housing). In addition to ACV coverage, you may be entitled for an Extended Replacement Cost Claim, which will refund these costs.
- Third, if your home was completely destroyed due to catastrophic damage, you may be eligible for an Actual Cash Value Claim. It means that the insurance will reimburse you based on the current value of your property at the time of filing, rather than the cost of replacing it in its pre-storm condition.
4. Who Can File a Claim
Typically, only the policyholder and those living in the home can file a hurricane damage insurance claim. In addition, if there were at your property during the storm, then they may be able to file claims as well for damages that occurred while they were staying on your premises.
If you have any questions regarding which claims are eligible for reimbursement after the storm, you should contact your insurance carrier as soon as possible.
5. When to File a Claim
As soon as the storm has passed, you should begin the filing process for hurricane damage insurance claims. Its purpose is to protect you from further losses while you wait for the insurer to process and pay your claim.
It may take many weeks or even months to obtain reimbursed, depending on the extent of the damage, so make sure you’re ready to wait.
6. What Happens After You Make A Hurricane Damage Insurance Claim
Your insurer will process your hurricane damage insurance claim after you have filed it.
To make this process go as smoothly as possible, give them with all of the documents they require and answer any questions they may have about what happened during the storm or how much damage your home sustained.
Hurricane damage insurance claims are the most difficult to file, but they must be filed as soon as possible after the storm has gone. When making a claim, you’ll need your policy number and contact information for your insurer since they’ll want to know what happened during the storm and how much damage was done to your home.
The more paperwork you supply them with, the easier this procedure should be, so start collecting any receipts (or images) linked to storm damage as soon as possible! These claims might take weeks to months to process, depending on the extent of the damage; but, by starting early and submitting all essential papers, the procedure may go more smoothly than imagined.