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When Mother Nature Hands You a Catastrophic Insurance Claim

January 16, 2022

From the Kiplinger website

“These past two years, Mother Nature revealed her fury, resulting in property loses of terrifying, historic amounts,” observes a veteran of some of the most destructive fires in the Western United States, San Francisco attorney Dan Veroff, adding:

“And many insurance companies — trusted to help make families whole again — did the exact opposite, with adjusters massively underpaying valid claims.  Sadly, the lack of knowledge by business and homeowners of the claims process —and steps they needed to take before the loss — magnified the harm.”

He outlined “the worst mistakes a claimant can make when facing what we call a CAT – catastrophic – insurance claim.”

Here are six common mistakes homeowners make during this critical time.

From → Finance

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