While double-checking that all items on your hurricane prep checklist are accounted for, take time to review your homeowner’s insurance company’s steps to file a claim. If a storm comes through and causes damage, the question is always “to file a claim or not to file a claim?” To help you make the best decision for your situation, we’ve put together some tips on filing a claim for hurricane damage.
When to File a Claim
Does your policy have a separate windstorm deductible or is it a covered peril in the policy? Homeowners insurance exists for a reason, however, that doesn’t mean a claim should be filed for all damages. In some instances, filing a claim below the policy’s deductible could cause a hike in the policy’s price. Other companies will not hold a claim against you, if it’s below the deductible. Speak to a Lighthouse agent to determine if filing a claim below the deductible will help.
If the damage is above your hurricane deductible, file ASAP. Follow our Claims Process to help get back to normal as quickly as possible.
Tax Deductions
It’s good practice to save receipts and document everything related to a claim. Even if it’s determined that the damages don’t add up to your hurricane deductible, the costs incurred may be tax-deductible.
Hidden Damages
When documenting the damage after a storm, continue to keep notes on the damages and highlight any escalations. If things worsen after submitting a claim, report all new information to the insurance company. New developments in the damage, caused by the originally covered peril, should be covered.
There isn’t an all-encompassing answer for every claim situation. Speak to your Lighthouse agent about any questions you have, before a storm hits.