How do Home Insurance Companies Pay Claims?

What to know about home insurance claim payment.wood blocks spelling out "claims"

Filing a claim with your home insurance provider can be nerve-wracking, especially if you’ve never done it before.  To help you know what to expect, here are the answers to some common home insurance claim questions.

  • Who receives the claim payment?

An insurance check can be made out to the owner of the home or a named insured on the insurance policy.  In some cases, your insurer will write a check to your mortgage company.  If this happens to you, will need to work with your mortgage lender in order to cash the check.  Your insurer can also write a check directly the contractor you have hired to take care of home repairs.  Finally, if the claim was for third-party property damage, then your insurer might make the check out directly to the affected party.

  • How can I get my claim payout as soon as possible?

The best way to get the full payment for your claim quickly is by handling things on your end.  Your insurance provider will require you to complete several steps before they issue your payment.  So, once you file a claim, make sure you understand the procedure clearly and follow-up with your claim status frequently to ensure that your claims adjuster has everything that they need to move forward.  This is the best way to cut down on your claim payout time.

This is what you need to know about the homeowners insurance claim payout process.  Do you have further questions regarding your home coverage?  If so, then contact the experts at Desert Empire Insurance.  We are ready to get you the coverage that you need today.