Homeowners Insurance Property Damage Claim
When a property damage disaster strikes, you might need to file a homeowners’ insurance claim. Insurance statistics show 6% of homeowners file a property damage claim, with an average cost of around $14,000 per claim. This means one or more of the homes on your street will experience a property damage disaster this year. What if it is you?
The last thing you want to hear is you need to pay for repairs up front. Even worse is hearing that the cost of repairs is an out-of-pocket expense.
Here are some reasons homeowners’ insurance is important:
- Homeowners’ Insurance is required.
If you have a mortgage, the mortgage company requires you to insure the property to protect their investment. It is important for you to protect your investment as well.
- Good coverage offers protection.
The right coverage at the right limits is important! No one wants to be caught underinsured when disaster strikes.
- Use a reputable company.
A reputable homeowners’ insurance company is there for you when you need to file a home insurance claim, not just when the premiums are due.
If you own a home, chances are your mortgage company requires you to have homeowners’ insurance. Don’t waste your money on bad insurance coverage.
Find the best coverage you can for the price. Talk to agents who specialize in property damage and will educate you on insurance products, coverage limits and deductibles.
We know up-front payments and deductibles add stress to an already stressful situation, so we offer direct insurance billing and a deductible assistance program. Our goal at Arizona Total Home Restoration is to protect you, your family and property and get your life back to normal as quickly as possible.
Property Damage Protection
Property insurance is something you never want to use, but you need to have it just in case. Homeowner’s insurance, rental property insurance and commercial property insurance can protect your investment in the event of water damage, flood, fire or storm damage.
Some things to consider when purchasing insurance are coverage limits, deductibles, and what types of homeowners’ insurance claims they cover and don’t cover. Discuss these items with your agent so you fully understand your property insurance coverage.
A quality homeowners’ policy should cover risks that might affect your home. You want coverage to include both disaster cleanup and damage restoration services.
Situations Your Homeowner’s Insurance Covers
Not All Policies Are Created Equal
It is important for you to ask questions and read the fine print. Although the saying “you get what you pay for” can be true with insurance policies, the higher the cost doesn’t always mean the better coverage. Shop around to find coverage to meet your home’s unique needs and budget.
Water Damage from a Burst Pipe
Does homeowners insurance cover water damage?
Although the insurance policy might not cover the actual plumbing repair, many policies pay for water damage cleanup, like dry out service to prevent mold growth, drywall repair, repainting, and new flooring.
The same is true for washing machine leaks or plugged AC condenser lines, causing your AC to leak water. Even when appliance and pipe repairs are not covered, good homeowner’s insurance is a lifesaver in these situations. The cost to clean up the damage caused by these problems often far exceeds the actual appliance repair cost.
Sewage backups present a serious health threat, and you need expert help to clean up. Read your policy carefully so you know what is and isn’t included.
Most homeowners’ insurance policies do not cover the actual sewer repairs, but, if possible, you will want sewage cleanup and restoration coverage for your property if it happens.
Here in Arizona, seasonal monsoon storms can cause significant damage to your home or business. Making sure your property has storm preparedness includes the insurance coverage. Most policies cover wind and rain damage, but depending on the location of your property, you may also want to include special flood insurance.
For more information on Flood Insurance in your area, visit the Maricopa County Flood Insurance FAQs site.
Mold removal is not covered in most homeowners’ insurance policies. Talk to your insurance agent about the cost of adding mold remediation coverage.
If your home was built before 1982, you may want to add asbestos removal to your policy. Although safe when left undisturbed, asbestos abetment is an expensive project, especially after water damage or fire damage.
No one wants to get caught unprepared. Getting the right insurance coverage for your area and property is important. The experts at Total Home Restoration are here to help you if disaster strikes. For more information on homeowner’s insurance, visit our insurance FAQs page.
Choose A Reputable Insurance Company
You want to make sure you buy insurance from a good and reputable company. Look at reviews and select one with a history of paying claims fairly and on time.
Fly by night and discount companies might save you money initially but may leave you in a lurch if you suffer property damage and they won’t cover it.
We have helped hundreds of property owners, associations, and homeowners renovate and repair their properties after a disaster. If your commercial property or residence requires damage restoration services, we will work with any insurance company to help mediate and file your claim.
Our expert staff are here 24 / 7 to help during times of disaster.
- Document your property loss with photos.
- Help you file your insurance claim.
- Direct bill your insurance company.
- Restore your property to its previous condition with our reconstruction services as quickly as possible.