If you are tired of looking at your outdated kitchen and decide to do a remodel, you will need to budget for the expense. You can get the money from your savings, you can borrow it from friends, or you might even take out a home equity loan. You can not file a claim or ask your home insurance company to pay to finance the costs of home repair or home construction in such a scenario.

In a similar light, if you hire a contractor and he does a terrible job on your remodeling project, you have no basis for filing a claim under your homeowners policy. Your action would be against the contractor for the shoddy work he did. Insurance is not there to protect you against poor workmanship when the home repair is not related to a covered loss.

Now, your homeowners insurance may pay to cover the cost to repair your home due to a poor construction remodel if it was related to damage suffered by a covered peril. For instance, if a storm tears off half of your roof, you are entitled to have the roof repaired or replaced so it is in the same or better condition as it was in before it was damaged.

It is not unusual for an insurance company to require you to hire an approved contractor before they will issue a check for a home repair that is covered under your policy. They may even pay the contractor directly as the work is completed. If it is later discovered that the roofing work was not done correctly, and the roof starts to leak, you should not have to pay to fix the problem. In such a case, your insurance company will pay to have the job done right and then have the option of seeking restitution from the original contractor.

A snow storm can cause a variety of damages to your house, and sometimes the damage may cost more than you are ready to pay out of pocket in Plano, TX. Fortunately, many home insurance policies will pay for the cost of repairs when a tree falls on your shed as long as the plan does not have exceptions or clauses to prevent the claim.

Shed Repair Claims

Even though your insurer may allow you to make a claim for the repairs to your shed, it is possible that your home insurance may have a limitation on the amount that you can claim. Every insurer is different, but most have a set percentage of your total policy that they allow you to claim for sheds, a detached garage or any other additional building that is on your property.

In most cases, you can claim five to ten percent of the total coverage for your home. Read your policy to determine that exact amount that your insurer allows you to claim for sheds or similar detached buildings on your property.

Exceptions

Keep in mind that every home insurance policy is different, so there may be exceptions in your plan that prevent you from making a claim to repair your shed. Review the exceptions and clauses to ensure that your home is covered from trees falling on the property or damage from storms. Even if many insurers offer protection against damages from snow storms, some may have clauses or exceptions to prevent claims in certain situations.

It can seem complicated to determine if you have coverage for specific concerns, but your policy will usually have clear details regarding the situations that are covered. Contact us to talk to an agent for more information about making a claim.

When a homeowners insurance policy is canceled due to non-payment in Plano, TX, it may seem like your options are limited. In many cases, you may find that insurance providers are less willing to offer a reasonable rate or plan due to the lack of payment in the past. Even though it may seem challenging, some insurers may offer solutions to help you protect your home and property.

The Situation

Depending on the homeowners insurance policy and the details of the plan that you are considering, the ability to obtain coverage may vary. Some insurers may be willing to consider the specific situation and offer solutions based on the problem that caused you to miss a payment. For example, if you lost your job suddenly and you have obtained a new job recently, then you may be able to obtain a policy that is appropriate for your budget.

The situation can have an impact on your options, so it is important to explain the reason for the late or missed payment if it is necessary for coverage.

Different Policies

Even though a missed payment that causes a cancellation may have an impact on the options that you are offered, every insurer and policy is different. Some insurers may have options that are specifically designed to address your situation and concerns. Keep in mind that you may find that the rates you are offered are slightly higher due to the historical data.

Missing a payment on your insurance can result in the loss of coverage, but that does not necessarily mean that you cannot find a new plan after the situation changes. Contact us to speak to an independent agent for more details about your options and the plans that are available for your goals.

The abrupt shaking of the earth that happens during an earthquake can cause damage to a home’s foundation. Even the smallest magnitude earthquakes can cause slight cracking of the foundation, which can be extremely expensive to fix.

Many homeowners believe that their homeowners insurance will cover all, or most, of the cost to repair a cracked foundation, but that might not be the case. Even though an earth quake is considered an ‘act of God’, it is one of the perils that are listed as excluded from basic homeowner’s insurance policies.

When a homeowner’s policy lists a peril as excluded, it typically means that any expenses related to that incident will not be covered. Homeowners that are concerned about incurring the cost of damages due to an excluded peril may want to consider purchasing extra insurance coverage.

Many insurance companies offer earthquake insurance. This is often considered an addition to an existing homeowner’s insurance policy and will cost extra. How much extra this type of insurance will cost will depend upon a number of factors including how likely an earthquake is to occur in a specific area, the cost of the home, and how old a house is.

Even though homes in the Dallas – Fort Worth, Texas area are not in immediate danger of experiencing a cracked foundation due to an earthquake, it still may put a homeowner’s mind at ease to have that extra insurance coverage.

Our independent agents at Paragon Independent Insurance Agencies can help find the extra home insurance coverage you want and need. Working closely with an independent agent, you will be able to receive multiple quotes on homeowner’s insurance policies that may include coverage against damage caused by an earthquake.