When any kind of disaster occurs at your Boise, Idaho home, there are two ways you can handle it, either through a self-pay claim or through an insurance claim. While you might think that insurance claims are the only reasonable way to go financially, a number of homeowners do elect to go the self-pay route in the event that the total cost of the project is estimated at or near the amount of the insurance claim deductible (the co-pay).
Whether you self pay for the damages or file an insurance claim, you will have to pay the co-pay amount, or the deductible, before any insurance money kicks in. Knowing this, be sure to have enough money set aside in your savings to be able to pay the deductible if the need arises. Many contractors require an amount equal to your deductible as a down payment to start work whether you file a claim or not. The average homeowner’s deductible ranges from $500 to $2500 per claim.
If disaster should befall your Boise, Idaho home, whether the damage is large or small, fast action can go a long way toward limiting the damage which is done, and the total cost of any restoration efforts. Whether you decide to go with a self-play claim or an insurance claim though, by far your best option for choosing a restoration team are the professionals at Restoration Pro, in Boise, Idaho.
If the damage to your home is determined by the experts at Restoration Pro to be extensive, and beyond the cost of your homeowner’s insurance deductible, you will most likely want to file a claim, and let your homeowners insurance policy pay to fix the damages. To help guarantee coverage from your insurance for the damage you find in the home, always pay your premiums on time (a lapse in coverage can cause the denial of a claim). Also, become familiar with what your policy covers specifically. Most policies cover “sudden and accidental” damage caused by severe storms, plumbing leaks, house fires, etc. Long term damage or water that flows from the ground into your home is often not covered under a normal homeowners policy, so become familiar with those details.
Once a claim is filed, and you have paid your deductible amount to Restoration Pro, the cost and scope of the work is determined together with your insurance adjuster, and payment is made to cover the cost of the repairs.
It may be in your best interest to avoid filing an insurance claim on your homeowners policy if the total size of the job is very small. The typical homeowner has a deductible of $500 to $2500. The deductible is the homeowners co-pay on the claim. For instance, if you have a $500 deductible, and the insurance claim estimate for repairs is $1500, you have to pay the first $500 out of your own pocket, and the insurance company will pay the remaining $1000 to complete the work. If you have minor damage to your home related to water, and the initial estimated cost is less than, or close to the deductible amount, you are sometimes better off avoiding a new claim on your insurance policy history (multiple claims raise your premium rates). Instead, we recommend that you “self-pay” these types of repairs, because you will pay the deductible to the contractor either way and risk a rise in premiums long term as a result if you file a claim. We suggest you discuss these options with your insurance agent as well.
There are certain kinds of natural disasters which you may not have to worry about in Boise, Idaho. However, you should always be prepared for unexpected weather, as well as natural aging and deterioration of building components in your house. Having some money set aside to deal with insurance claim deductibles or other small projects is always a good idea.
Choosing Restoration Pro
Regardless of how you intend to pay for damages to your Boise, Idaho home, you should always have the work done by the experts at Restoration Pro. Our experts are certified to handle all kinds of damage from mold and mildew, fire, and water so that we can restore your home as quickly and effectively as possible. We are members of the community just like you are, and that means we take great pride in doing the best work possible for our friends and neighbours. Whenever your home suffers any kind of damage, make your first call to Restoration Pro, so that we can show you why we’re the best remediation experts in the region.