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How do I handle repairs after getting a check from the insurance company?
I just got a check from the insurance company following some burst pipes in my rental property. How should I conduct the repairs?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“You shouldn’t show the check to the repair people, as they’re likely to ask for the entire amount. That said, you shouldn’t skimp on the repairs, as shoddy work can put you right back at square one.
Find a reputable plumber to take care of the burst pipes and you shouldn’t have any problems moving forward. You may even have a little extra money leftover that you can put toward better
home insurance
coverage or something else that protects your assets.If you haven’t seen your rates change as a result of the claim yet, keep in mind that they might increase at your renewal time. Claims often increase premiums, and if you don’t like your new rate, it’s a good time to shop around.
Finding new companies and requesting quotes can be time-consuming, so leave the hard work to
Jerry
. The free Jerry app pulls quotes from top companies and delivers the best deals to your phone in minutes.”View full answer
- Gregory R.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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