Hello current and potential homeowners! First of all let me start by apologizing for the amount of time between blog posts. My family and I were displaced by a house fire back in May. Thankfully, everyone was okay. It was a very difficult time, but we are back at home now. Between communicating with the contractors and dealing with the insurance company, I was very busy. My main focus was getting my family home, so I did not have a lot of time. On that note, I wanted to give you a few tips when dealing with a homeowner’s insurance company. After all, it is a big part of purchasing a home.
- Make sure you have replacement cost coverage on your personal contents. Otherwise, you will only get depreciated value and have to make up the difference in cost if you ever did have a disaster. Also keep in mind that in our area, only your stove may be covered under the structural damage. The refrigerator, dishwasher, washer, & dryer will come from your contents coverage.
- There are codes on your policy that provide additional monies if your cost exceeds your coverage. I only know this because I hired a public adjuster. The insurance company adjuster did not volunteer this information.
- And lastly, I believe a public adjuster is invaluable when dealing with an insurance company. A good one will know all of the ins and outs of of the insurance business.
These are just a few tidbits of knowledge that I picked up during the past 6 months. I hope you find it useful but I hope you never need to use it.
Here is a great article I found by a former insurance agent. He wants everyone to know their dirty little secrets. http://voices.yahoo.com/homeowners-insurance-companies-dirty-secret-196790.html