Klamath Insurance Center, Inc Blog
With people spending more time at home during this pandemic, accidents may happen frequently. Also, natural disasters co-occur with the epidemic. The Covid-19 plague affected the behavior of policyholders in terms of claiming homeowners’ insurance and made an impact on the claiming process.
1. The Claiming Process
This process may vary from company to company. Here are the necessary steps when claiming homeowners’ insurance.
2. Settling the Claim
The time frame in settling a claim depends on the loss or damage and the insurer. Upon damage inspection, the insurer determines the amount of time needed to settle the claim. The insurer also ascertains the loss covered by the policy. The policyholder will then receive payment based on damage estimation.
3. Covid-19’s Effect on Homeowners Insurance Claims
Insurance companies have seen changes in homeowners’ insurance claims on the onset of the Covid-19 pandemic. Minor claims, such as water damage, became more frequent compared to broad claims. Since homeowners spend more time at home, they have more time to spot potential damages; hence, broad claims decreased. Insurance companies offer support to policyholders in their payments and claiming process.
Claiming homeowners’ insurance becomes more frequent during this Covid-19 pandemic since people spend most of their time at home right now. The epidemic affected the claiming process. Therefore, it is essential to know what policyholders should do in filing a claim.
At Klamath Insurance Center, Inc., we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (541) 882-5555. Get your free quote today by CLICKING HERE.