Southern California residents impacted by this week’s fires in the Los Angeles area are now facing the challenge of filing insurance claims. Despite insurers declining to write new policies last year due to fire threats, many existing customers may be eligible to file claims. California residents have certain benefits, such as immediate payouts for personal belongings and temporary rent assistance. However, homeowners should be prepared to negotiate with insurers, adjusters, and contractors for loss recoupment.
Policyholders can now file claims online or through mobile apps, but documentation is essential. Detailed videos, photographs, receipts, and conversations with insurers should be recorded. Creating a photo album of the home pre-disaster is recommended. California carriers offer cash advances but may pay out at depreciated values. Policyholders with extended replacement cost clauses may be able to rebuild beyond market value. Insurers may reject claims for partial damage due to smoke and ash.
Residents should also apply for FEMA and SBA assistance, although many may not qualify. Homeowners without insurance options can seek temporary assistance from FEMA and apply for loans from the SBA. Despite the challenges, experts advise homeowners to be thorough, assertive, and prepared for a potentially lengthy claims process.
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