Some denials might come as a surprise, but most you can see coming from a mile away. Your best offense is a good defense, and having a plan for policy exclusions can prove effective in preventing future denials. How? By evading misunderstandings before they happen.
Take it from the partner property owners rely on! Altieri Insurance Consultants Tampa is here to help you master your own insurance policy and get your life back in the face of disaster.
| Read more > Rising Insurance Denials In Florida: Why More Orlando Homeowners Are Turning To Public Adjusters |
What Are Policy Exclusions In Property Insurance?
You need to know your policy exclusions if you’re going to properly navigate your insurance coverage in Tampa. Insurance companies won’t always reimburse you for everything, and it’s crucial to be prepared for that.
Policy exclusions specify certain items, conditions, events, or types of damage that the insurance company will not cover, even with a wide-scope general policy.
Our team has seen plenty of property owners face denied claims just because they didn’t read the fine print. This is your chance to get ahead and prevent a mistake that can cost you time and money.
Learn more > Are You Covered For Damages Which Result From Uncovered Loss?
Most Common Policy Exclusions In Tampa, Florida
As your trusted team of public adjusters, we already have a pretty good idea of what policy exclusions you might encounter in Tampa.
Water damage policies might exclude acts of nature:
- Storm water
- Rising groundwater
- Overflowing rivers
| Water damage and flood damage typically come in separate policies. |
Earthquakes are another force of nature often excluded from general policies:
- Landslides
- Sinkholes
- Seismic activity
Wear-and-tear damages are excluded from most general policies:
- Gradual aging
- Failure to upkeep
- Normal deterioration
Pest infestation is also a common policy exclusion in Tampa:
- Rodents
- Termites
- Other pests
This makes up only a fraction of the policy exclusions that may result in a claim denial in Tampa. A policy review with your trusted team of insurance experts can reveal a detailed list of exclusions relevant to your specific coverage.
Preventing Future Denials With Prior Knowledge
Knowing your policy exclusions helps prevent denials, but simply having the knowledge is but the first step. Applying this vital information in practice is how you see results:
1. Review your policy
Ask questions about your policy exclusions. What they are, why they’re there, and how to proceed. Have your insurer clear up any complex terms or language that you don’t fully understand.
2. Document everything
Take note of everything that’s been damaged, down to the exact detail. The way your property is damaged and to what extent can influence your claim’s assessment.
3. Purchase additional coverage
One way to combat these policy exclusions is by adding extra coverage to your existing insurance policy. Many companies offer separate policies for flood, hurricane, or mold damage.
4. Hire a public adjuster
The only ones who would know your policy better than you are your insurance company and your local public adjuster in Tampa. The major difference is that a public adjuster works for you.
Avoid Denied Damage Claims In Florida. Get Expert Help From Altieri Insurance Consultants Tampa!
Altieri Insurance Consultants Tampa provides an easy way for you to understand your policy exclusions and prevent denied claims with our policy reviews and pre-loss programs. Call (813) 247-4757 today to schedule a meeting or read our success stories to see how we’ve helped property owners just like you!
