The End of Hurricane Season in Mississippi: Post Storm Insurance Claims
With hurricane season coming to an end, many homeowners are faced with questions regarding their potential insurance claims. While Mississippi was lucky enough to not be in the direct path of a storm this season, it is always a good idea to revisit homeowner insurance options and claims on an annual basis.
Types of Homeowners Insurance & Coverage
Insurance packages vary based on policy type and insurance provider. In general, the Mississippi Insurance Department lists five types of coverage within a homeowners policy:
- Property Damage Coverage protects physical property, including your home and belongings that are damaged or destroyed by certain occurrences;
- Liability Coverage provides protection against a claim or lawsuit from bodily injury or property damage to others caused by your negligence;
- Medical Payments Coverage pays for medical treatment for others injured on your property whether or not you were at fault;
- Additional Living Expenses Coverage covers the cost of moving into a motel or other temporary living situation when you cannot live in your home because of damage covered by your policy; and
- Other Coverages includes coverage for the contents of your home, as well as trees and shrubbery.
Mississippi offers several different insurance packages, such as HO-3 (special form), HO-4 (renters’ insurance), HO-5 (comprehensive), HO-6 (townhouse / condominium), and HO-8 (modified coverage). These different packages cover different types of perils or causes of loss and varying levels of monetary compensation. Most homeowners insurance policies do not cover flooding. Flood insurance can be an important source of coverage even in areas that are not directly hit by storms.
If your home is damaged in a storm, filing a homeowners insurance claim may be your best course of action. Your insurance agent should be able to provide detailed information regarding the requirements for a claim. Many companies require written notice detailing the loss. It is also important to protect your property from additional damage by taking measures, such as making emergency repairs to windows, shutting off natural gas lines, or redirecting water flow from flooding.
It is important to remember that insurance companies are big business. It is in their best interest to not payout on as many claims as possible. It is in your best interest to make sure that your voice is heard and your claim is properly dealt with.
When insurance companies fail to pay out claims in a timely manner or refuse claims without valid reasons, you need an experienced professional at your side. The attorneys at the Law Offices Judy Guice in Biloxi, Mississippi have decades of experience in handling insurance companies, making sure that their clients get the compensation that they are owed.