Did you know that 90% of most property insurance claims are water damage claims? Water damage claims can be caused by a broken pipe, A/C leak, shower pan leak, roof leak, even a toilet overflowing can cause water damage to your home or business. It is very common for most water damage claims to lead to mold damage as well. Mold growth can exist after suffering water damage in your home or business in as little as 48 to 72 hours. When it is initially discovered, the first step in a property damage situation is to mitigate the situation and dry out in order to prevent further damage and/or mold growth, and also to show your insurance company that you acted accordingly to your homeowners’ policy by mitigating damages as soon as they were discovered. After any property loss, it is imperative that you contact your public adjuster. Contacting your public adjuster prior to you establishing a property claim is very important. However, if you hire a public adjuster after establishing a claim, this is good too. A public adjuster is always needed in handling property damage claims.
Many homeowners might not be aware that their property is suffering water damage and may discover that their property is infested by mold. Their first instinct is to open a mold claim. This is the first way to have your claim DENIED! You should know mold on its own is not a covered loss. It is only a covered loss if it is a result of a covered cause of loss, such as water damage. Also, most homeowners are not aware that they have very low mold coverage in their policy. This is also why it is a necessity that any homeowner or business owner hire a public adjuster to establish and handle their property insurance claim. A good public adjuster will be able to determine the cause of the loss, and therefore maximize your property claim.