Your renters insurance claims should rarely, if ever, be denied. If it is denied, it’s likely due to a simple mistake or misunderstanding.
Why Claims are Denied
When you think of a denied claim, you may be thinking of an outright denial due to some unseen or unfair loophole. However, this should never happen. As long as your problem is covered, you cannot be denied your claim.
Your question, then, should be “what does my renters insurance cover?” If you know that answer, you shouldn’t have to worry about your claim being denied.
Renters insurance can cover theft, water backup damage, certain natural disasters, and bodily injuries for your personal property like furniture, loss-of-use, other’s medical bills for accidents, and more.
Examples of Denied Claims
As long as you know your coverage, you won’t have to worry about denied claims. But what if there’s a misunderstanding with your policy? Things can slip through the cracks, and you think you have coverage when you don’t.
If you move out of the place where you initially purchased your renters insurance policy, you need to let your insurance provider know. Otherwise, you may need the coverage, but they deny your claim because it didn’t occur at the covered residence.
Roommates can also be tricky. Your policy will not cover anyone besides you unless you specifically name them on your policy. So, if they cause damage, your claim can be denied.
Reporting and keeping track of your property is very important. For instance, if a box of expensive jewelry is stolen, your claim to reimburse you for it may be denied because you didn’t provide proof of ownership beforehand. If something you own costs more than average to replace, take pictures and keep a record of it in case you need to file a claim.
Make sure you also keep up with your monthly payments. Renters insurance is cheap, and it’s possible that you may miss a payment or two without even realizing. Then, when it comes time for you to file a claim, you have no policy to file the claim with.
You also need to be upfront with your policy. For example, if you fail to mention that you have a dog, whether intentionally or unintentionally, your claim may be denied.
And, of course, things like fraud, intentional damage, etc. will disqualify you from your policy altogether.
So, as long as you’re careful and aware of your policy, you shouldn’t face any denied claims.
Know the Ins-and-Outs with Remco
We’ll make sure you get your best renters insurance. Remco will walk you through every step of the way to make sure you know your coverage. To learn more, text us at 267-692-8296, or call 215-357-7878.