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Protect your home's value after a storm with these tips

Any kind of natural disaster can affect your mortgage since it affects the overall value of your home. After a disaster, you'll look into ways to repair your home, but making a decision on which repairs to make and who to work with can be complicated. That's why the Better Business Bureau has tips for people in your situation.

The BBB has recently discovered that there are some insurance companies who designate which contractors or vendors you should use after your home is damaged. What you need to know is that you have a right to choose whoever you want to perform repairs and don't need to select only from those the insurance company suggests.

There are other things you need to know that can help you protect the value of your home, too. For example, if you receive a low bid for the repairs on your home and enter into a contract, then the contractor must honor that bid.

You should also keep documents like digital photos and videos of the damage to your home. Keep this information on hand for your insurance company. The company needs to see the damage before it can give you all the information on your policy and what damage is covered. When you're ready to make a repair on something covered under the policy, call your insurance agency first to make sure it's going to be covered and to get an authorization.

By keeping your home in good condition, you can protect its value and the money you've put into the mortgage. If your home is damaged or you're dealing with problems that could affect your mortgage, your attorney may be able to help.

Source: Waseca County News, "BBB offers storm damage tips," Mairaid Breitbarth, May 21, 2017

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