Is My Pool Covered under My Homeowner’s Insurance Policy?

The standard homeowner’s insurance policy provided by Paragon Independent Insurance Agency in Plano, TX will cover any loss resulting from lightning, fire, hail, wind, theft, riot, smoke damage, explosion and vandalism. 

In most cases, damage that occurs to in-ground pools, which consists of cracking due to the movement of the ground or maintenance issues, will not be covered by a typical homeowner’s policy. 

The Problem of Damaged Pools 

The summer in Texas is often dry and hot. As a result, more and more pools are suffering cracks because of the movement of the ground. This can lead to serious issues for homeowners. Unfortunately, if a traditional homeowner’s policy has been purchased, these issues such as these are not going to be covered, which leaves the homeowner have to pay out of pocket for the necessary repairs.

Are Any Damages or Issues Covered?  

There is a silver-lining. If the damage to the pool occurred due to frozen pipes, vandalism, theft or lightning, then they will be covered by the majority of home insurance policies. It is important to determine the cause of the damage to know whether or not the insurance policy will cover it. 

Contact the Insurance Company 

Whenever a homeowner notices any type of damage to their home or anything on their property, they should contact their insurance company to file a claim right away. An adjuster will come to the property to take photos and write a report about what the issue is. If the damage is covered according to the terms of the policy, then a homeowner will receive a check. If not, they will have to reconsider their policy to determine if changes need to be made to prevent issues down the road. 

More information about what is and is not covered by a homeowner’s insurance policy can be found by contacting the staff of Paragon Independent Insurance Agency serving Plano, TX. 

 

Collision vs Comprehensive, What’s the Difference?

Auto insurance policies in Plano, TX typically include both comprehensive and collision coverage. Some people opt for just collision coverage, especially if the value of their vehicle is low. However, including comprehensive coverage adds more protection.  To choose a policy that’s right for you, it’s important to know the differences.

Collision Coverage

Collision coverage is the most important type of coverage to maintain. It applies when you are the at-fault driver in a collision with another car or object such as a power pole or sign. It’s not difficult to accidentally hit something while driving, and if you’re at fault, then your collision coverage will protect you from incurring large expenses.

With collision coverage, your insurance company pays for damage to your auto and damages related to whatever you struck, such as another vehicle. Collision coverage often pays for related medical expenses too, but it’s important to check with an agency like Paragon Independent Insurance Agency to be sure you have adequate medical coverage to meet potential claims.

Comprehensive Coverage

Comprehensive is valuable too. It covers damage that occurs to your vehicle from something other than a collision. It covers theft of your vehicle, along with incidents such as fire, flooding, and vandalism. Hitting a deer or other animal is also covered under comprehensive.

Choosing the Best Coverage

Each type of coverage serves an important purpose. For some people, the best coverage is the cheapest coverage that allows them to legally drive in Plano, TX and surrounding areas. Other people are concerned about potential damage to their vehicle and want to do more to protect themselves from unexpected expenses. For help choosing the right coverage, please call Paragon Independent Insurance Agency, for assistance. We’d love to help you explore and assess available options.