5-Star Restoration and Remodeling

(863) 647-1800

5-Star Aluminum Construction

(863) 647-1800​

WHAT CAN YOU CLAIM FOR ON YOUR HOME INSURANCE?

#1 Rated restoration and remodeling service.

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IN CENTRAL FLORIDA

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(863) 647-1800
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When insuring your home, you probably think about its value, the danger of fire or natural disasters, and how likely it is to be damaged by these things.

However, there are several other things that you might not have considered when it comes to home insurance.

Here we’ll look at some key areas where home insurance can assist with costs associated with maintaining your home.

1. Home Insurance for Repairs

Your home insurance provider will cover the cost of repairs when your house is damaged by natural disasters or malicious damage.

The amount of coverage provided will depend on the type of policy you have, so you must understand theterms and conditions of your plan.

Home insurance will cover the cost of repairs to your property, but the amount you receive for repairs will depend on several factors, such as the cost of materials, the type of repair required, and the value of your home.

It’s worth bearing in mind that if you have an older home, the cost of repairs may be more than your policy’s limit.

Thus you may have to fund the difference between the cost of repairs and the amount covered by your insurance policy.

2. Home Insurance for Loss of Possessions

Home insurance covers replacing/ repairing costs for your possessions, including furniture, electrical appliances, and computers, for fire or other damage.

The amount of cover provided by your home insurance provider will depend on several factors, including:

  • The value of your possessions and the type of policy you have.
  • The cost of insuring your possessions against fire and other types of damage is known as the ‘replacement value.’ This means that you’ll receive the value of your possessions when the claim is made, even if theyare worth more by the time you replace them.

3. Fire and Theft Protection

Home insurance also protects against theft.

A standard home insurance policy will cover the cost of replacing stolen possessions for up to $10,000.Some home insurance providers offer extended theft coverage of up to $50,000, but this is likely to come with a higher premium.

You can also purchase additional coverage for possessions such as jewelry, antiques, and artwork, which often have a higher value than $10,000.

Most home insurance policies also provide compensation if your belongings are stolen to cover the cost of hiring a locksmith and replacing your broken locks.

This is known as ‘loss of privacy, and it is only available if your home is fully insured.

Although most home insurance policies cover fire damage, most policies provide coverage for smoke damage only when you’ve got an ‘all risk’ policy endorsed for smoke damage.

4. Home Insurance and Burglary

As a victim of burglary, you may be able to claim your home insurance.

This will depend on your policy and the circumstances surrounding the burglary.

Home insurance policies generally include a ‘clean-up’ provision, which allows you to claim up to a certain amount to clean up the mess left in the aftermath of a burglary.

In some cases, you can also claim compensation for any damage caused by the burglary, such as broken locks.

5. Fire and smoke damage coverage

Although most home insurance policies cover fire damage, most policies provide coverage for smoke damage only when you’ve got an ‘all risk’ policy endorsed for smoke damage.

The type of home insurance you have will determine whetheryour policy covers you for smoke damage.

It’s also important to remember that smoke damage differs from fire damage in that it does not cause damage to yourhome’s structure.

Home insurance offers valuable protection against the cost of repairs, loss of possessions, and theft.

It’s important to ensure that your policy covers these areas to get the most out of your home insurance.

We are IICRC certified and licensed to respond to any disaster with emergency 24/7 service.
 
Trust the experienced and compassionate experts at True Builders to take care of you and your property after a crisis. Call us at (863) 624-6538 for immediate service.