WATER DAMAGE SURVIVAL GUIDE
Water Damage. Now what?
Water damage is disruptive to your normal pattern of life and can involve a lot of emotional stress. People often feel frustrated and annoyed at having to deal with water damage. The added pressure of needing to make good decisions doesn't help! In some cases, these are decisions that you will be living with for years. We have put together this Water Damage Survival Guide to help you navigate the chaos and complexity of water damage restoration.
Selecting a Contractor
Water restoration is a job that demands prompt attention. This does not mean, however, that you should hire the first restoration contractor that knocks on your door. Take your time and exercise due diligence to hire the right water restoration contractor for your job. Here are a few things for you to consider.
Understanding Insurance Coverage
Water is one of the biggest threats to homes and businesses. From rain and snow to municipal water mains, from appliance leaks to frozen pipes, water damage is one of the most common - and one of the most costly - types of property damage. Approximately 1 in 50 homes have water damage each year. While most homeowner's insurance policies provide some coverage for water damage, there are many exceptions. Here are a few important things to know...
Water damages account for a large percentage of home insurance claims each year. Because water damage can come from a number of different sources, it gets classified in various ways and can fall under multiple areas of coverage. For example, storm flooding is entirely different from water damage due to appliance leaks. These types of things can make navigating the claims process a bit tricky, and may even leave you feeling confused about whether or not your homeowner’s policy actually covers water damage. LEARN MORE
Regardless if your water damage is from rain, snow or plumbing leaks, documenting your damage particularly important. Follow these tips to record both the damage and your cleanup efforts for your insurance company. LEARN MORE
Your insurance policy is a contract between you and the insurance company. It entitles you to certain rights and imposes certain obligations. This Bill of Rights has been prepared so that you may better understand the policy you have purchased - and how it relates to the repairs you need as a result of your fire damage. Standard Homeowners Policies generally contains the same provisions throughout the United States and Canada. Understand your rights and obligations under its terms. LEARN MORE.
The Colorado Insurance Consumer Freedom of Choice bill was signed into law on September 13, 2007. This law prevents insurance companies from controlling – directly or indirectly – which restoration company you use to restore your property. People often wonder why such a law was necessary. The reality is that insurance companies are in business to make a profit. When you file a claim, the insurance company has a conflict of interest. They have a responsibility to you, the policyholder, but they also have a responsibility to the shareholders to minimize the payout on your claim so they can make more profit. This conflict too often resulted in insurance companies taking advantage of policyholders.
Under this law, you have the right to choose your own restoration contractor, you have the right to have your claim paid promptly and you have the right to know if your insurance company has a business arrangement with your restoration company. The bottom line is that you have the right to choose an independent contractor that ensures your insurance company acts in your best interests. LEARN MORE.
Typically, your homeowners policy will cover water damage but it depends on the nature of the incident and there are often limits that selected when you purchased the policy. Additionally, if damage is caused by the actions of another – like an appliance installation specialist or routine city maintenance – you may be covered under their policy. A few good questions will help you avoid unnecessary repair bills. LEARN MORE.
Understanding Water Damage Property Restoration
Water damage restoration is complicated by a variety of factors including the amount of water and the type of water. The restoration process can range from drying and dehumidification to demolition and rebuild. The one thing that never changes is 'the sooner the better'. The more quickly you can mitigate and cleanup the water damage, the better it will be for you, your property, and your wallet. It is important to take immediate action but it needs to be the right action so that you do not do more harm than good. Here's what you need to know...