Is Internal Home Damage Covered by Insurance?

Understanding the extent of your home coverage.mold growing by a window

As a homeowner, you are bound to run into internal issues and damages, such as water damage, pest infestations, and so on.  This is why many homeowners wonder if these types of damage are covered by their insurance.  Here is what your homeowners insurance policy will cover when it comes to common types of internal damages.

  • Mold

Mold is considered a type of water damage.  So, if mold is caused by a sudden accident, then it may be covered by your homeowners insurance.  However, mold removal is not covered if it is the result of a flood, ground seepage, or poorly maintained pipes that have begun to leak.  As a general rule, mold infestations that breakout due to lack of maintenance are your responsibility and will not be covered by your homeowners insurance.

  • Pest Damage

If your home sustains damage due to a rodent or insect infestation, then your homeowners insurance will probably not offer coverage.  This is because infestations are considered a result of the homeowner’s negligence.  So, if your home or belongings are damaged by pests, then this cost will come out of your own pockets.

  • Malfunctioning Appliances

Your homeowners insurance will offer coverage for broken appliances if they were damaged during a covered peril, such as a storm or fire.  If an appliance breaks down due to lack of maintenance, then your insurance may cover damage to your property and belongings, but it will not cover the cost of repairing or replacing the faulty appliance.  Your home insurance will also not cover the cost of repairing or replacing appliances that breakdown due to mechanical failures.  This coverage can be secured through a home warranty instead.

This is what your homeowners insurance will cover when it comes to these common forms of internal damage.  Do you have more questions about your home coverage?  If so, then contact the experts at Miller Carlisle Insurance Services.  Our dedicated team is eager to assist you with all your insurance needs today.

What Can Invalidate Your Home Insurance Policy?

What can get your home insurance coverage canceled?red home cut out next to stack of coins and calculator

Just because you have home insurance coverage does not mean that you are guaranteed to have it forever.  In fact, there are several problems that can lead to the cancelation of your policy.  Here are some of the most common issues to watch out for.

Top Reasons for Policy Cancelations

  • The homeowner has filed too many claims.
  • The home is in a state of disrepair or requires maintenance or renovations that the homeowner is not taking care of.
  • The homeowner has failed to pay their premiums or has submitted late payments too many times.
  • The homeowner has been conducting criminal activity out of the home, made false declarations, or has been deemed a “moral hazard.”
  • The homeowner’s situation has changed significantly and is now too high-risk for their existing policy (also known as a material change in risk).

Can You Prevent a Policy Cancelation?

In some cases, your insurer might reconsider the cancelation if you are able to offer them an acceptable explanation for your risky behavior.  Calmly speaking to your agent and offering corroborating evidence to back up your story can help your case.  Offering proactive solutions to your risky behavior can also help.  For instance, if your policy is being canceled because you filed too many claims, then you can explain everything that you will do to prevent claims in the future.  Provide proof of your ongoing efforts to reduce your claims risk, and your insurer may give you the chance to keep your policy.

Another way to improve your chances of keeping your home insurance policy is by highlighting your loyalty.  This strategy is particularly helpful if you have been with the company for several years leading up to unfortunate claim incidents or missed payments.  To convince your agent, focus on how many years you have been with the company and remind them of the friends and family members that you have referred to them.  If you have other policies with the company, then you should also use these as evidence of your loyalty and stability.  Finally, tell your insurer that you will be willing to assume more risk by increasing your home insurance deductibles.  Taking these steps could convince your insurer to reconsider your policy cancelation.

Please keep in mind that your insurer is not obligated to continue coverage.  If you have violated the terms of your policy, then you are at your insurer’s mercy.  So, always be polite and accept their decision graciously, even if they do decide to go through with the cancelation.

This is what you need to know about having your home insurance policy canceled.  Do you have more questions about your home coverage?  If so, then contact the experts at Miller Carlisle Insurance Services.  We are ready to assist you with all your personal insurance needs today.

Most Expensive Home Insurance Claims

Filing these types of home insurance claims will cause your rates to increase toy home next to stack of coinssignificantly.

While filing any type of homeowners insurance claim will raise your rates, some types of claims will do more damage than others.  Watch out; filing these types of home insurance claims will result in significant premium increases.

  • Damage Claims

There are many perils that can result in property damage. Oftentimes, these types of claims are very expensive.  For instance, fire damage claims are the most expensive, resulting in an average premium increase of $273. Water damage claims are also very costly, increasing premiums by an average of $228.  Finally, weather damage claims are also quite expensive and result in an average rate increase of about $107.

  • Liability Claims

Personal liability claims will also cause your insurance premiums to increase significantly.  For instance, a single liability claim will result in an average premium increase of about $260.  Personal injury or medical claims are also pretty expensive, with a single claim resulting in an average premium increase of about $76.

  • Theft Claims

Finally, filing a theft claim will cause your homeowners insurance rates to increase considerably.  A single theft claim will result in an average premium increase of approximately $253.

These are the most expensive types of homeowners insurance claims.  Do you have more questions about your home coverage?  If so, then contact the experts at Miller Carlisle Insurance Services.  Our expert team is ready to assist you with all your home insurance needs today.

Common Holiday Home Insurance Claims

Don’t ruin your holidays with an insurance room decorated for the holidays

For most people, the holidays are all about having fun and celebrating with the family.  However, homeowners insurance agents know that the holidays are one of the most dangerous times of the year.  To ensure that your holiday isn’t ruined by damage, injuries, or other insurance issues, then watch out for these common types of claims.

  • Fires

During the holiday season, many homeowners light up candles or get a fire going in their fireplaces to create a cozy vibe.  Unfortunately, many homeowners forget to snuff out their candles or accidentally leave their fires burning after they go to bed.  This can often lead to nearby items igniting and a fire spreading throughout the home.

  • Burst Pipes

If you live in an area that experiences very cold winters, then your pipes are at risk for freezing over and bursting this holiday season.  Every year, insurance companies get an influx of claims to address the water damage caused by burst pipes.

  • Theft

There are more theft claims in December than any other month of the year.  This is because many burglars wait for the holiday season because they know there is a greater chance of expensive gifts being in the home.  Sadly, instead of waking up to a pile of presents under the tree, many homeowners wake up to a ransacked home instead.

Watch out for these common holiday home insurance claims.  Want to get covered for the holidays?  Then contact the experts at Miller Carlisle Insurance Services.  Our dedicated team is eager to assist you with all your home coverage needs today.

What Home Burglars Target During Break-Ins

What do criminals look for during a home burglary?person breaking into a home

As a homeowner, the idea of someone breaking into your home and going through your things is violating.  To make the situation even worse, break-ins often result in significant damage and the loss of valuable items.  While you cannot always prevent a break-in from happening, there are steps that you can take to protect your valuables from being stolen.  Here are some of the most commonly stolen household items and what you can do to protect them.

  • Personal Devices

Laptops, tablets, and smartphones are common targets during a home break-in because these items are easy to grab and can be re-sold at a good price.  Because we use our personal devices on a daily basis, it is inconvenient to lock them up whenever we leave home.  However, you can still protect these devices by hiding them when they are not in use.  Additionally, you can invest in other security measures like alarms and laptop locks.  You should also take steps to protect the personal information on your devices by securing your devices with a strong password and good encryption software.

  • Televisions

HD and 4D televisions are becoming popular with burglars because they are valuable, more lightweight than older tv models, and more common in households than ever before.  While you cannot conceal your television, you can make it harder to remove from your home by attaching it to a secure wall mount.  You can also go the extra mile by installing a tracking device on your tv so you can locate it if it is stolen.

  • Gaming Systems

Most homeowners keep their gaming devices out in the open, so they are easy to set up and play.  However, this makes them an easy target for burglars who are looking to grab and go.  One of the best ways to protect your gaming devices is by packing them up and storing them out of sight when they are not in use.  You may even want to consider locking them up to further reduce the chance of them being stolen.

Take these steps to protect these commonly stolen household items.  Are you looking for another way to protect your belonging from burglars?  If so, then secure the right homeowners insurance.  For assistance with all your home coverage needs, contact the experts at Miller Carlisle Insurance Services.  We are ready to get you covered today.

Home Insurance Policy Endorsements for Your Consideration

Secure these insurance endorsements to extend your homeowners insurance coverage.file labelled "home insurance"

Many homeowners make the mistake of assuming that their insurance covers every risk that they may encounter.  However, all insurance policies have coverage limits, and not knowing yours could leave you exposed to major threats.  Fortunately, homeowners have the option to secure policy endorsements to supplement their home insurance.  Home policy endorsements allow you to extend your homeowners coverage for specific losses for an additional premium.  But with all the endorsements out there, how do you know which ones are right for you?  Here are some of the most popular endorsements for your consideration.

  • Scheduled Personal Property

If you have high-value items that cannot be covered by your standard personal property coverage, then you can secure additional coverage by scheduling these specific items on your home policy.  This will ensure that high-value items such as jewelry, electronics, fine art, and so on are covered for their full value.

  • Sewer Backup

A sewer backup can cause considerable water damage to your home and can also pose a major health risk to your loved ones.  Unfortunately, standard home insurance will not cover the cost of dealing with sewer backup damage.  However, by securing a sewer backup policy rider, you can secure coverage for water damage and remediation efforts.

  • Home Business Endorsement

If you are running a business out of your home, then your insurance will not cover anything related to your business.  Rather than securing a totally separate business insurance policy, many home insurers offer the chance to secure a home-based business insurance endorsement to cover your business equipment, supplies, and legal liability.

These are some of the home insurance policy endorsements that you should consider.  Are you looking for assistance with your homeowners insurance?  If so, then contact the experts at Miller Carlisle Insurance Services.  We are ready to get you covered today.

Why You Need to Make a Home Inventory

How home inventories help you manage your homeowners insurance.making home inventory

As a homeowner, there are certain responsibilities that you need to take care of.  One of the important things that you need to do for your home is create and regularly update a home inventory.  However, because creating an inventory means documenting every item that you own, many you may want to put off this task as long as possible.  While this may not seem like a big deal, failing to create an inventory can cause problems with your homeowners insurance.  Here’s why it’s so important to have a home inventory.

Home inventories are a log of all your possessions and their value.  Homeowners are advised to create a home inventory before they start looking for insurance because it helps them determine how much personal property coverage they need from their policy.  If you do not know how much your belongings are worth when you select a homeowners insurance policy, then you risk securing insufficient coverage.  This means that you may have to cover the cost of replacing or repairing your possessions after a claim event.

It’s also important to have an updated home inventory because, in an emergency, it can serve as a guide to help you identify all the items that were damaged or lost.  For instance, if your home was partially destroyed in a fire, then you can use your inventory to figure out which belongings were lost in the fire.  This, in turn, helps you file an accurate insurance claim and ensures that you get all the compensation you need to replace or repair your belongings.

This is why it’s so important for homeowners to create an inventory of their belongings.  Do you have additional questions about your home inventory or homeowners insurance?  If so, then contact the experts at Miller Carlisle Insurance Services.  Our dedicated team is eager to assist you with all your coverage needs today.