How Long Do I Have to File a Homeowner’s Insurance Claim?

July 27, 2019 | Blog

It’s important for policyholders to understand what kind of time constraints they are under to file an insurance claim.  Damage and loss to your property can bring with it a lot of worry and stress.  Many policyholders need time to think about the benefits or downfalls to filing a claim or simply have concerns about their policy in general and not knowing if they will be covered or not.  Whatever the reasons, it is imperative that you do not wait too long if a claim will be filed.

What to Know About Insurance

  • Laws are regulated by states and that can affect the time limits on filing a claim. But, it is important to note that insurance companies will most often set their own time constraints and they will be clearly listed in your policy.  Some companies may give 30 days, others may give up to a year.  Paying close attention to your policy and calling your agent with questions is key.
  • Extensions may be granted in special cases such as catastrophic occurrences where a home evaluation may have to be prolonged. However, it is recommended that claims be filed quickly and that you pay close attention to deadlines on paperwork and documentation.  Delays or failure to adhere to time constraints can result in the denial of a claim.

Why you Want to File Quickly

  • Burden of Proof & Risk of Additional Damage

When dealing with damage and loss the burden of proof is in your hands.  The gathering of information needed to file a claim will be a lot easier with it all fresh in your mind.  Preventing further damage is also your responsibility.  If you choose not to take precautions against subsequent damage, then your insurance company may make you pay for additional repairs.  So, waiting too long may put you at risk of a denied claim or more money out of your pocket.

  • Time Limits

Insurance companies will clearly outline their time limits in your policy.  After a claim is filed, they then have 30 days to investigate the claim.  Time is imperative in the claims process as insurance companies want to minimize potential damage and protect the overall structure of the home. Be sure to get all documentation in on time.  Extensions and forgiveness for late items may not granted.

When it comes time to file a claim, the process can be stressful.  It is recommended that you do not put off filing.  Filing a claim requires a lot of information and facts.  A prolonged time-lapse may pose problems in the proper collection of evidence.  You can set yourself up for success by getting to know your insurance policy and knowing time limits involved before you need to file a claim.  If you have questions along the way, reach out to your agent for clarification.  Proper coverage and knowledge about your policy are the best ways to prepare should an unexpected loss occur.

Related Blog Posts:

How Do I File a Home Owner’s Insurance Claim?

How to Decide Whether to File a Homeowners Insurance Claim.

How Do I Know if my Insurance Really Has Me Covered?

Determine Which Insurance Policy is Right for You

Getting to Know Your Insurance Policy

 

Additional Resources & References:

https://www.sapling.com/8540008/long-file-homeowners-insurance-claim

https://insurance.freeadvice.com/information/home/article/39

https://www.insurance.com/home-and-renters-insurance/filing-a-homeowners-insurance-claim.html

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