home insurance claim denied
The following was taken from various surveys and random sampling of homeowners across the country:
If you are leaving your house vacant or unoccupied, have a friend or relative drop by to look at the house every Tuesday, for example, do not conform to the terms of your homeowners insurance available. If you are regularly denied a complaint because the house is vacant or unoccupied, the fact that you show a neighbor was there to look at things will not change the situation! We have to find someone at home is important, but it will help you maintain coverage at home.
Homeowners out of a seismic zone, like California, generally do not know they have no insurance protection against earthquakes in your insurance policy homeowners. (Protection earthquake off the west coast is generally easy to add to an insurance policy as a rider, and the cost is low.)
More than two thirds of the homeowners do not understand who lost coverage in the house if the house becomes vacant or empty.
Almost half of the owners of houses do not realize that they have "flood insurance" included in its standard HO3 or HO5 insurance policy. (flood damage is rarely covered in a household insurance policy. Some insurance companies add new flood coverage for additional premium. For those living in a "zone flood "and the insurance company is unwilling to provide coverage, to U.S. Flood Insurance Program is available).
Over 80% of the owners do not understand that there is a provision in the insurance policy that allows the owner to take action and spend money (which will later be reimbursed) immediately after a complaint to avoid further losses. (The best example of this would be an expense of $ 200 to buy tents to put over a hole in the roof to keep the house from getting wet in a downpour).
Over 80% of owners do not understand the insurance liability attached to the property insurance policy and how it protects the homeowner and financial net worth of the insured's family.
Over 80% of owners do not understand what a valuable item, and items with a high value or unique nature (such as jewelry, art or antiques) must be declared with an appraisal value or the total value will not be reimbursed by the insurance company in case of loss.
Above 70% did not know they had to do nothing about their insurance coverage if they were to have a friend or relative living in the house while the family was away. (In such cases, a landlord, or owner / Tenant policy is almost always necessary).
About the Author:
Vacant Home Insurance Now is a provider of vacant home insurance policies. We are the premiere source for vacant homeowners insurance policies. Whatever your vacant home situation, we offer the correct insurance package and coverage. Contact us today if you need a vacant home insurance quote.
Article Source: ArticlesBase.com – What All Homeowners Need to Know About Home Insurance – Sorting Through The Myths
