Homeowners Insurance
The thing about insurance -of any kind- is that you begrudgingly pay for it, hoping never to use it. But never underestimate the importance of having a well-written homeowners insurance policy!
The difference between a good policy and a bad one can make a huge impact on your finances. Take care to purchase a policy that offers recoverable depreciation and either no or very limited exclusions. Read on to learn more about why a well-written insurance policy is worth every penny.
The value of a well-written insurance policy
Homeowners insurance provides financial relief if a covered event damages your home, property, or personal belongings. In some cases, you can get additional policies for events not covered by your regular home insurance, such as flooding.
It’s important to understand your needs and get a comprehensive coverage plan. The last thing you want to encounter after a weather event damages your home is a denial of coverage from your insurer!
When you have a well-written insurance policy, there are still some basic rules to follow after a loss. Always notify your insurer promptly. Make sure you understand the requirements and time limits for filing a claim. Lastly, always pay your premiums on time to keep your policy current (premiums are often paid out of your escrow account via your mortgage servicer).
Things to avoid
Exclusion clauses
Every property insurance policy comes with exclusions. If the cause of your property damage is excluded from coverage in your policy, you can expect your claim to be denied. Again, this is why we stress the value of a comprehensive plan! Never accept a policy with roof exclusions, no matter how enticing the lower premium may be.
Failing to secure your property following a loss
Following a property loss, the policyholder is required to protect the property from further damage. This is to mitigate the extent of the loss and prevent further damage.
For example, if your roof is damaged in a storm you must take sufficient measures to cover and secure the area. Otherwise, you may sustain heavy water damage to your home’s interior during the next rainfall. Leaving the property exposed to additional loss and not taking reasonable steps to reduce the extent of the loss, could be grounds for a denial.
Repairs and insurance reimbursement
When your home has been damaged, the first thing on your mind is getting it repaired quickly. And insurance reimbursement can be a confusing process, even in the best of circumstances. That’s why Bristlewood Roofing & Remodeling is here to guide you smoothly through this daunting task.
We have a team of storm damage specialists ready to assist you in getting the settlement you deserve from your insurance company. It all starts with an inspection performed by one of our professionals at no cost to you. We promise to work safely to restore your home to pre-storm condition. So start with a good insurance policy, and leave the rest to us