If a tree from your yard falls on your neighbors house, who is responsible for the damage? That is actually covered on the neighbor’s home owners insurance as many people found out after damaging storms rolled through the Baltimore and DC area on Friday night. The horrible sight of trees that had fallen through roofs and damaged homes was prevalent in many neighborhoods. Having proper coverage is key for situations like this, and unfortunately many home owners aren’t aware of how their coverage works or what they have until a catastrophe happens. And while paying less per year to have a higher deductible may sound like a good plan, when something unexpected like this happens, how easy is it to actually come up with that money, or have it taken out of what you are getting back to pay for the repairs. In most cases the smartest move is to go with the lowest deductible possible and pay a little more month to month. You should also shop your policy every year to make sure you are getting the best deal and the lowest rates.
Another option many people don’t know about when something happens to their home is the option of using a public adjuster. A public adjuster works as a liaison between the home owner and the insurance company to get the home owner the most money possible for repairs. Public adjusters can be beneficial because they know what is covered and what isn’t and what the insurance company looks for and will negotiate with them, rather than just accept the first offer. Nine times out of ten the public adjuster will get a higher settlement for the home owner.
Home owners insurance protects your biggest and most valuable asset. When shopping for insurance, price is important, but the right coverage and good service is even more valuable.
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