Does Your Homeowners Insurance Cover This?

Homeowners insurance plays an important role in society. It protects your most important financial asset, your home. When most people think of damage to their home, they tend to think of fire or theft. Well, there are many other kinds of accidents that can cause damage to your home that are covered under most homeowner’s insurance policies. Remember each homeowner’s insurance policy is different, and if you bought your homeowners insurance on line you may not have proper coverage. Claims will be paid based on your individual homeowner’s policy terms and conditions.

Homeowners Insurance Claims

• A homeowner spilled bleach on her carpet while carrying in the groceries. Insurance covered the replacement of the carpet.
• A Christmas tree stand leaked water onto the homeowner’s hardwood floors. The homeowner’s did not realize the stand had leaked until they removed the tree skirt. The insurance company paid to repair the damage.
• A homeowner awoke to a bang, to find an airplane part had fallen through his roof. The claim was covered by the insurer. No airline admitted liability.
• A homeowner had some expensive lighting on the walkway of his house. The lanterns were original and hard to replace, but one of them was damaged in a storm. Because the homeowner was unable to purchase a match, the insurance company had to pay to replace both lanterns.

Many homeowners don’t fully understand what their home insurance policy covers and excludes. For example, more than 37 percent of people who have homeowners insurance mistakenly believe flood damage is covered by a standard homeowner’s policy.