Do you already have mold damage in your home? Does your insurance plan cover mold? Does homeowners insurance usually cover mold mitigation? Home insurance companies usually don’t cover mold damage unless it’s directly related to a “covered peril.” However, there are instances when mold damage and mitigation might be covered. For example, if mold is …
Does your Homeowners Insurance Cover Mold Damage? Read More »
Did you just get your payout amount back from your insurance adjuster or insurance company? If the amount seems right and fair, you accept the payout and get your property back to pre-disaster condition and move on. If you don’t feel that the amount is correct or fair, don’t be intimidated by your insurance company …
Working with a home insurance adjuster is common when you make an insurance claim for any property loss. Many people find this whole process of filing a claim and working with the insurance adjuster to be intimidating. You may have heard wonderful stories of being paid out on a loss and others where the person …
Did you just have a disaster that needed to be cleaned up? Does it qualify for coverage under your insurance policy? If so, you need to know your rights and what could possibly happen with your claim. Insurance companies have more experience, negotiating strength, and financial resources than you the policyholder. Most state courts realize …
Good faith insurers look for and find ways to accept and pay claims properly and promptly, whereas bad faith insurers unlawfully look for and find ways to not pay, delay, diminish, disapprove, shift blame, and deny payment of claims. You need to know what the red flags are that indicate a bad faith insurer. Once …
Did you just realize that you have a flood in your house? If the water damage didn’t happen at a moment’s notice and is considered “gradual damage,” it probably won’t be covered by your homeowner’s insurance policy. If the water landed on the ground and flowed into your home, that also isn’t covered. It is in …
Water Damage Not Covered By Most Insurance Policies Read More »
A standard homeowners insurance policy (aka HO3) will cover water damage to the home or personal property within the home only if it’s determined that the cause was sudden and came from inside the house. Certain weather-related perils that cause water damage may also be covered in a standard policy. Unless you have an open-peril …
When Does My Standard Homeowners Insurance Cover Water Damage? Read More »