A homeowners insurance policy is a great thing to have. It pays for damages to the property when disasters occur. Policyholders must pay their deductibles, and then insurers take care of the expenses. The coverage provides people with peace of mind. They like knowing that their house will get fixed without them having to break the bank. Folks also enjoy not paying the full price for medical expenses when guests or workers get injured within their property.
Various events can arise that lead to claims getting filed. However, standard policies do not always cover all of them. For example, if people live in areas prone to flooding, they may need to purchase flood insurance. The same can be said for wildfires and hurricanes. Don't worry because you don't have to figure out what coverages you need on your own.
Our team has been helping California residents with their insurance needs since 1973. We would be happy to do the same for you. Just know that friendly, knowledgeable, and professional assistance is only a phone call away. This post will now discuss several scenarios that could leave a person having to file a claim. So if your interest is piqued, please stick around and read on to learn more.
A Sneaky Burglar Robs The Home
Let's say that a family goes out of state for Thanksgiving. They go to grandma and grandpa's house to eat and spend time together. When they return home, they discover that a burglar has cleaned their house out. The perpetrator took everything but the kitchen sink. Replacing electronics, valuables, and more can get expensive in a hurry, so much so that you can go broke in the blink of an eye. However, if you have homeowners insurance, you can file a claim with your insurer to recoup your losses.
Heavy-Duty Storms Come Rolling Through Town
A thunderstorm with strong winds can easily wreak havoc on a structure. Once it ends, it is not uncommon for people to head outside only to find their roofs missing shingles. Of course, they cannot leave things as is, or leaks will eventually develop.
But paying for a new roof can be entirely out of the question sometimes. According to HomeGuide, it depends on the roof's size and the materials used, but the majority of property owners spend between $4,707 and $10,460 on new roofs. That is where having homeowners insurance comes into play because that kind of policy covers storm damage.
A Person Not Living With You Gets Injured
People can become lax when it comes to maintaining their homes. For example, someone’s wooden front porch steps have deteriorated and weakened over time. Although the homeowner has the repair work on their honey-do list, they never get around to fixing them.
One afternoon, they decide to throw a party and invite friends over, but before one can make it inside the house, their foot trips on a new hole that has formed on the steps. That person ends up hitting their mouth on the porch and knocking out two front teeth. They also break their forearm.
Unfortunately, it can cost a pretty penny to fix such issues. Homeowners insurance provides liability coverage when people not living with you get injuries on your property. If you are in the market for a home insurance policy, give Panorama Insurance Agency a call today to discuss your options.