West Palm Beach sits on a barrier island on Lake Worth Lagoon in Florida, and back in 2018, it had a population of 111,398. It’s a great place to live in but there are things you should know about its climate and potential property damage. During the wet season, which generally spreads from May to October, thunderstorms are the norm. In the late season, hurricanes or tropical storms may occur, as they aren’t too uncommon.
It’s unsurprising then that most homeowners living in West Palm Beach are insured against hurricane and water damage. Repeated rainstorms and strong winds can take a toll on your roofing, windows, and more. However, insurance companies aren’t keen on paying for your repair costs and most insurance policies are ambiguous and difficult to understand. Merkury Public Adjusters sets out to address that! Our team can interpret your insurance policy and file the right claim for your property damage.
Get a free consultation today at 561-670-7838!
Property damage claim types
While water, storm, and hurricane damage are the most common in West Palm Beach, other types of property damage can occur as well. Merkury Public Adjusters can help you file a claim in any of the following cases:
- Hail damage
- Business interruption
- Wind damage
- Theft or vandalism damage
- Denied or underpaid claims
Your homeowners’ insurance policy will include some or all of the above property damage types. Depending on your policy type, you may or may not be covered from unnamed hurricane damage, though. Water, storm, and hurricane damage are not the only risk factors for a property in West Palm Beach, though. For instance, there are approximately 3,316 burglaries per year in Florida, each resulting in hefty losses for property owners.
In fact, in recent years, about 1 in 15 insured properties file for a claim each year, and it’s not only related to storm or water damage. Your home can go up in flames or a hailstorm may damage your roof and shatter your windows. The next logical step would be to file a claim to cover your losses and repair costs. But what if you don’t understand how to file a claim? Moreover, do you know how to document damage to your home so that the insurance company accepts your claim?
Our expert West Palm Beach Merkury Public Adjusters can do that for you. Once you contact us, we’ll send someone to you for a home inspection and damage assessment. We’ll also explain what your insurance policy covers, how you can file a claim, and what documentation you need. These procedures become our responsibility when you hire us. We will negotiate with the insurance company for the largest settlement available for your losses!
What type of homeowners’ insurance policies are available in West Palm Beach?
Merkury Public Adjusters prides itself on delivering accurate information about insurance policies and claim procedures to our clients. In West Palm Beach, there are 8 types of homeowners’ insurance policies:
- HO-1 – This is the most common type of insurance policy, and it covers named perils such as fire damage, vandalism and theft damage, windstorm and hail damage, etc.
- HO-2 – The HO-2 insurance policy covers a broader range of perils, the ones included in the HO-1 insurance plus a couple more like heating damage, electrical damage, or damage related to falling objects.
- HO-3 – This “special form” policy is more comprehensive than HO-1 and HO-2 policies. Moreover, this policy type only has an exclusions sections detailing on types of property damage not covered. What isn’t included in the exclusions section will be covered by the insurance policy.
- HO-4 – This insurance policy is called the “renters’ insurance”, and it is tailor-made for renters. It doesn’t provide coverage for anything else other than personal belongings and liability.
- HO-5 – These are the most comprehensive kinds of insurance policies, and they cover more perils than the HO-1, HO-2, and HO-3 policies. They’re also more expensive but many homeowners happily pay more for the benefits of having mold, flood, or water damage coverage.
- HO-6 – The “condo insurance” HO-6 is similar to the HO-4, covering only personal liability and belongings. However, this policy type is meant for condominium owners only.
- HO-7 – Owners of mobile homes should buy the HO-7 insurance policy because it’s the sole policy that covers specific damage types related to mobile homes.
- HO-8 – Take the broad coverage and exclusion list from the HO-3 policy, and you have the HO-8. The only difference is that the HO-8 policy applies to older homes, and the insurance is set at the home’s replacement cost or market value.
Contact Merkury Public Adjusters if you don’t know what insurance policy type you have! We’ll answer any questions you have and provide expert assistance with claim procedures.
Frequently asked questions
We understand that insurance policies, property damage types, and public adjusters might not be accessible topics for you. At Merkury Public Adjusters, we want to keep you informed at all times.
Here are some of our clients’ frequently asked questions:
- What does a public adjuster do in West Palm Beach?
A public adjuster is the person who is legally allowed to represent your rights during insurance claim procedures, and negotiate for a fair settlement to cover your losses. Public adjusters assess your home damage, document your losses, and provide a loss estimation to the insurance company.
- Are public adjuster services expensive?
Merkury Public Adjusters will only ask for a small percentage of the insurance settlement that we manage to negotiate with the insurance company. There are no other hidden fees.
- My previous claim was denied. Can you help me?
One of our core services is re-opening denied claims for policyholders and renegotiating with the insurance company for fair settlements. We’ve turned many denied claims into total loss coverage for various damage types before!
- How much money can a public adjuster get me from the insurance company?
A public adjuster will only negotiate up to the maximum amount necessary to completely restore your home to its previous state, anterior to the damage. As a policyholder, you are not entitled for anything more than that.
Call us at 561-670-7838 for more information on filing a claim!