My Home Has Been Damaged! Will My Insurance Policy Cover It?
From smoke alarms to retaining walls to wiring inspections, there are lots of things that property owners can do to reduce their risk. It would be nice if you could guarantee that your home will never be damaged from a fire, water, severe storm, or other unpleasant event. Unfortunately, there is no way to prevent every disaster. That’s why homeowners have insurance policies.
Homeowners are often unsure about what exactly their insurance policy covers. Ideally, you should look over your policy and ask questions before you choose to buy. However, most people don’t really do that. They go for the cheapest company or just pick whoever they use for their car insurance. This can lead to big problems later on if you need to file a claim.
What Does Your Policy Cover?
It’s important to understand what your policy covers and what it doesn’t. That way, you can add additional coverage if you need it. You can also save up some money in an emergency fund if needed. For over 50 years, LaPointe Construction Board Up Service has been helping local property owners with property restoration after a fire, flooding, and other events. We’ve learned a lot about homeowner’s insurance over the years, and we’ve created these tips for you.
Most Policies Cover:
- Accidental fires
- Damage from storm debris
- Roof damage due to wind, hail, or other weather events
- Water damage from overflowed toilets and burst pipes
- Damage from fallen trees
- Mold remediation
Most Policies Don’t Cover:
- Water damage due to poor maintenance
- Environmental flooding
- Fire damage from intentional fires
- Issues related to negligence or preventable events
If you live in an area where flooding is a concern, such as in a valley or close to a waterway, you must purchase separate flood insurance. In many coastal areas, hurricane coverage also has to be purchased separately.
Understand Your Benefits
It’s also important to know what benefits you will be entitled to. All policies cover the main structure of the home. If you have secondary structures such as a shed or detached garage, make sure those are included. Another concern is the contents. Some policies include coverage for your belongings and others require you to purchase separate coverage. The final consideration is injuries. Make sure that you understand how your policy addresses injuries.
Ask Your Agent These Questions
- Is my coverage for actual value or replacement value?
- If I do experience an adverse event, what benefits will you receive? You may need assistance with an apartment or hotel expenses, emergency cash for clothes or other items, or assistance replacing medications and medical equipment.
- How do I initiate a claim? Is it best to use the website or is there a special number I should call?
Homeowner’s insurance is one of those things that everyone has, but few people really understand. If you’re facing the insurance claim process, let our experts help you. Family owned and operated, at LaPointe Construction Board Up Service we have spent over 50 years building up a great reputation here in the Massachusetts area. Give us a call at 978-447-5991 and find out why our customers love us!