Table of Contents
- 1 My House Needs Repairs, Quick Call Insurance!
- 2 Is There A Draft In Here?
- 3 If You Have Any Questions, It’s Best You Ask
My House Needs Repairs, Quick Call Insurance!
Owning a home provides a unique set of rewards and challenges. Throughout the course of ownership, there will be many surprises and things to deal with. Some good, some bad. Everyone will likely have to deal with an appliance replacement at some point. A house may need painting and siding repair. Things like new doors and windows can also be expected. Repairs on any house can come swiftly and often. The older the home, the more things will require repair or replacement in the future. You may be wondering how your homeowners insurance will handle the cost of repairs in your house. The amount and what exactly is covered depends on your policy. Some things, despite being damaged, are not specifically covered.
Let’s say, for example, you just bought an older home. It needs some fixing up but is generally considered to be in good condition. This particular house needs new windows among other things. They are old, they are not energy efficient, and they leak when the weather gets bad. You know that repair is imminent, but it is something that can be delayed in the short term. You may be wondering if you can just file a claim on your homeowners insurance to replace them. In theory, this is a great idea. You want to get rid of the old, faulty windows and replace them with a modern equivalent. In your mind, you can file a claim, pay the deductible and get new windows for a fraction of the out-of-pocket cost. Unfortunately, this is not how it usually works. Older items that require replacement, due to age and wear, are generally not covered for replacement. Let’s go further into this discussion.
Is There A Draft In Here?
Okay, let us get back to the old windows. It has been raining for three days straight. Water is starting to pool up everywhere. Those leaky, drafty windows have water coming in around the corners and seals. You notice that there is what looks to be water damage around the window frames. After the rain stops, it is time to get those repairs done. But first, it is time to check your insurance policy. Your homeowners insurance will almost surely cover the damage that was caused by the leaking window. That could include rotting wood around the window, or any items physically damaged due to the unforeseeable event of a major storm or event. The actual windows themselves, would likely not be covered just on account of them leaking if they are old and worn. One might try to argue that excessive water caused the windows to rot. That sort of claim will likely be denied on account of the window’s previous age and condition.
What if a storm caused a tree to fall and damage a window? Under those circumstances, the window will almost certainly be covered under your policy. Typically, homeowners insurance only covers replacement to a damaged object. This is why in our example above, only the items damaged by the water or tree falling will be replaced. Insurance policies can be a very complex thing. There are special coverages and circumstances for almost any situation. There are certain policies that would bring into account the age and condition of the windows. These policies would allow for replacement. Others will tell you tough luck and you will have to pay out-of-pocket. The most important thing you can do is check the wording on your policy. They are very specifically worded legal documents, so you must pay attention to every last detail. Some policies are so extensive and exact, that an attorney might be retained to ensure accuracy legitimacy.
If You Have Any Questions, It’s Best You Ask
The best thing to do is meet with an insurance agent to go over the specifics of any policy. If you explain your situation when first setting up your homeowners insurance, it will go a long way. Everyone has a different situation, and many companies can offer you a customized solution. Most people do not think to check the specifics of their policy when buying new coverage. The best thing someone can do is to go over every major thing that might need repair or replacement, and talk to an insurance rep. That conversation will be the difference between paying a deductible, and tens of thousands for new windows.