Why You Need To Have Your Complete Insurance Policy

Whether you own a commercial or residential property in Naples, Florida, or anywhere in the state, you should have a complete copy of your insurance policy.
 
Understanding coverage is critical when it comes to filing a property damage insurance claim. I cannot tell you how many times we request a copy of the policy from a client, and they only send the declarations page.
 
Why You Need The Full Policy
Although the declarations page of an insurance policy will sometimes list forms and endorsements that are within the policy, it does not provide the full language written within your policy explaining the coverages, exclusions, and the wording in those specific forms and endorsements.
 
What many do not realize is that the forms and endorsements can change your coverage.  So, the policy language may read one way in the body of the policy, but the forms and endorsements change the actual coverage and supersede the policy's language.
 
Understanding Your Policy & Coverage
We just met with a gentleman who had water damage to multiple rooms of his home, which was the result of his roof leaking. Upon review of his policy, there was specific language in his policy that was a condition for coverage.
 
He was convinced that no matter what, his claim should be covered and felt the insurance company was obligated to pay his claim after all the years he paid insurance premiums.
 
In the land of make-believe, it would make sense, and coverage would be afforded just because he paid his premiums.  However, in the real world, that’s not how insurance coverage works.
 
Having inspected his roof, I could clearly see where coverage would be afforded, and I explained how and why the insurance company should cover the claim.
 
Request Your Policy
You should always have a complete copy of your insurance policy. If you are insured with the same insurance company, you will receive a renewal before the policy term expires.  Never discard the original policy because the renewal is only a few pages in comparison to the full policy. 
 
Our team has the knowledge and experience to understand complicated insurance policies.  If you have a new, underpaid, or denied insurance claim, we can help.  Contact us today.