One of the most common cliches about insurance claims that policyholders fall for is the idea that the simple act of paying for insurance guarantees them the funds they need in the face of property damage. Property insurance doesn’t always cover everything, but are relief organizations like the Federal Emergency Management Agency (FEMA) any better at offering you what you are owed? Placing all of your eggs in one basket can land you in even more trouble which is why Altieri Insurance Consultants Orlando is the team property owners count on for all-encompassing knowledge and expertise in the insurance industry, including the limitations of FEMA and how to get the correct amount from your insurer.
What FEMA Covers (And What It Doesn’t)
When your insurance policy doesn’t cover certain damages (or your settlement offer isn’t enough to fully cover them), FEMA can grant you funds to make up the difference. This may sound like a godsend, but FEMA isn’t meant to be the first place you turn to for relief. Rather, it’s a backup plan to pick up any leftover amount. For example, if your insurer only offers you $3,000 for damages but FEMA confirms that your property damage is worth $5,000, they may offer you the additional $2k to meet that total. What could possibly be the disadvantage of this? FEMA distributions might work for smaller homes but they won’t be nearly enough to compensate for wide scale damage to condos or commercial properties.
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FEMA limits for 2024 are $42,500 for housing assistance and other needs |
Don’t Miss These Crucial Steps
Just like filing any other type of insurance claim, the way you put in your FEMA application can determine whether or not you receive aid. FEMA typically asks for:
- Your insurance settlement results with official confirmation
- Your policy information which lists types of damages that aren’t covered
- Your denial letter, or an explanation from your insurer stating why you didn’t receive full coverage
Our public adjusters are masters of organization and know how to put in a proper application in your name for the best results. However, a bigger benefit to hiring our team is getting the correct amount from your insurer and setting yourself up for success in future claims with policy reviews and pre-loss planning.
Bounce Back From Disaster: Overcoming FEMA’s Limits With Public Adjusters
The best defense is a good offense. There’s no denying that FEMA is doing great work for those in need, but it only works best as a last resort considering all of the limitations and drawbacks. It’s not a viable option if you need more than $42,500 to make ends meet, which is usually the case with successful businesses, HOAs, and condominiums. The next best thing you can do when your insurer is uncooperative is hire a public adjuster to handle your claim and negotiate on your behalf for the best outcome.
Altieri Insurance Consultants has recovered for thousands of clients, millions of dollars, many times more than what you might receive from FEMA. So, before you place your faith in a different cause, know that you can trust our public adjusters who have a track record of getting property owners exactly what they are owed.
Call Altieri Insurance Consultants Today to Get the Relief You Need For Full Recovery!
Making one wrong move can lead to life-changing consequences, but it can be hard to know who to trust for financial assistance when you need it most. Altieri Insurance Consultants Orlando has a long history of getting clients their lives back with property damage claims services from industry experts. Reach out to our dedicated team of public adjusters today to get started on receiving the correct amount from your insurer.
