Be smart about filing homeowners insurance claims

Whenever storms roll through, claims will naturally follow. Be careful in jumping the gun and immediately filing a claim especially if the structural integrity of the home is NOT compromised. When you file claims, it is reported to a database called CLUE (Comprehensive Loss Underwriting Exchange). Picking up the phone to call the claims department to find out if something is covered counts as a claim.

If you get too many claims, you will see rate increases, a possibility of being non-renewed or having certain claims denied. Always consult with your agent before filing a claim.

This episode features music from Sarah the Ilstrumentalist:
Song: Golden Hour
Instagram: @sarah2ill

[JemicoTX]

Intro music volume 10. Monologue volume 4.

[goopah]

Good information, quick and to the point. Nice work Mr. Wells.

[mikesteele]

Very useful ... a contribution to the universe !

[stevens]

I am in the gray area for USAA. Neighbors unit caught fire, but no water/fire damage to my unit and we are connected. But We have smoke smell coming through walls/crawl space. - Getting a few quotes from restorers. But the smell seems toxic and burning my eyes.

[bonniej]

If I try to file a claim on water damage like the toilet overflowed and flooded down the hallway and ruined my hardwood floors in my bedrooms and caused the mold issues and the insurance company tells me you have to go through my mortgage company doesn't that mean the insurance is is supposed to be the insurance policy is from the mortgage company that does not my own private insurance? And wouldn't that be covered under strata because the mortgage company should be paying for their own policy not me?

[bonniej]

What if I'm discovering mold in the basement is probably due to a structural issue or a foundation shift of a fact Foundation what do I do in that case and if the mortgage company has to sign off on it doesn't mean that it's really their policy and not my personal my own homeowners insurance in that case what is the mortgage at their own cost

[phantomv]

thanks man almost filed a claim. Thanks this was great advice

[Jessicascleaningtips]

Hi, who can help in San Diego? I found mold and damaged personal items in my rental inside a private home. I have renters ins but they will not cover it. The owner said she will reimburse me. Said her son will come fix it. 40 days later no action but she says I have to move so he can fix it. Then she smartens up and tells me shes moving to Florida and closing the house and that I have 30 days to find a new place. My head is spinning

[guy]

Hello Sir I have got a minor accident due to oil lamp the smoke is all over my first floor and second floor and the black ashes is all over the spots
I filed claim but they are saying we need to change floors and carpets and they estimate around 50k I guess. Is that really needed. How much my premium goes next year.

[reneraven]

I just realized I've been having an electrical issue with my circuit breaker box, which is being caused by a water leak in the foundation. I've been having large water leaks but didn't know it was affecting my electric throughout my home. I have USAA. What do you recommend??

[MontyVideo]

Polite feedback.
Perhaps learn how to adjust the recording level.
Always, listen to the video yourself before you post it!
I hope that makes sense.

[ApexEra-Restoration]

Insurance companies pay agents money when their clients don’t file claims. This guy doesn’t want you filing claims cause he gets paid more money when you don’t.

Those aren’t grey areas he is talking about those are claims.

Filing a claim won’t raise your premiums and there is no shared portal where the carriers know who filed claims. They tell you the CLUE database but that’s auto and personal property