Home insurance is designed to protect your home and the items that you store in your home, such as furniture and electronics. If certain events happen, insurance for homes comes in handy, as you can file a home insurance claim. That claim will help you get money to repair the damage done to your home by covered events or replace any items stored in the home that may have been damaged based on the value of those items. Here are three common types of claims filed by homeowners you should be aware of.
1. Wind and Hail Damage
One of the most common instances in which homeowners file home insurance claims is when their home is damaged by either wind or hail. Both of these weather conditions can be extremely damaging to your home or property. Strong wind gusts and large pieces of hail can damage your roofing, siding, or fencing. Therefore, if a large storm has rolled through your area, have your property assessed for storm damage so you can efficiently report it to your home insurance company.
2. Theft Cases
Another common reason why homeowners file a homeowners insurance claim is for theft cases. If someone breaks into your home and steals your property, your home insurance company will cover the losses. It is estimated that 49% of homeowners have an inventory of their personal belongings, according to Policygenius. If you have not yet compiled an inventory for your own home, you should. When it comes to proper insurance for homes, having this inventory is crucial in the event you have to file a claim due to theft or burglary.
3. Plumbing Issues
The final common reason why homeowners file claims with their home insurance company is due to plumbing issues. If you have a pipe that froze, cracked, and leaked or you have a toilet that flooded your bathroom, you may be able to file a homeowners insurance claim. This can help cover the necessary clean-up, mold remediation, and plumbing repair costs.
If you have a mortgage or loan out on your home, you are required to carry homeowners insurance. Even if you don’t have a loan out on your home, purchasing insurance for your home is still extremely important, as your home is one of the largest assets you likely own. If you are looking to purchase a new home insurance policy, our team would love to answer any questions you have or help you to find the policy that is ideal for you. Contact AOA West today!