Why Maintenance is an Integral Part of Your Agreement with Your Homeowners’ Insurance Company
Why Maintenance is an Integral Part of Your Agreement with Your Homeowners’ Insurance Company
For some homeowners, there may be confusion when it comes to homeowners’ insurance and repairs required due to lack of maintenance. A basic homeowners insurance policy will cover the costs of repair or replacement following a covered calamity. Damage to a property as the result of poor maintenance, however, is not a covered calamity.
As part of a homeowners’ insurance policy, the policyholder agrees to take proper care of the property to help ensure damage doesn’t occur. This includes proper repair and maintenance of the roof, wiring and plumbing systems and more. Even a poorly maintained fence would likely not be covered by a homeowners’ insurance policy. It is the obligation of the homeowner to keep the home in good or reasonable repair.
Damage caused by an unfixed leak or wear and tear would not be covered under a homeowners’ insurance policy.
Homeowners Insurance is Not Home Repair Insurance
Homeowners’ insurance should not be confused with home repair insurance. Home repair insurance is a product that can be purchased to help cover the cost of repair or replacement of major appliances or home systems. It is likely your mortgage company requires that you carry homeowners’ insurance to protect both your and their interest.
Keeping Your Home in Good Repair
Under a homeowners’ insurance policy, the policyholder is obligated to maintain the property, keeping it in good repair. The insurance would cover losses due to an unexpected event such as storm damage or fire. Allowing a home to fall into disrepair and then expecting a homeowners’ insurance policy to cover those repairs is not reasonable.
Unfortunately, homeowners insurance is one of the most overlooked policies in loss prevention. People often purchase a homeowners’ insurance policy at the time they buy their home and never revisit their protection. Since many pay for their insurance bundled with their mortgage and/or property taxes, many property owners don’t even know how much they are paying for their policies. We can help.
Contact one of our independent insurance agents for a no-cost, no-obligation homeowners’ insurance policy review. You may discover you are overpaying for coverage, paying for coverage you don’t need, or have gaps in your coverage. If you decide to make a change, they can help.
If it has been longer than you can remember since you’ve looked at your homeowners’ insurance policy or if you don’t even know what it is costing you, contact us today.
Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder
Search All Blogs
Search All Blogs
Read More Blogs
South America: Beyond the Basics
Surprising South America: Fun Facts, Hidden Gems, and Unexpected Trivia (You Won’t Believe #7!)
She Means Business: Powerful Women Who Built Billion Dollar empires
Conquering the Corporate Jungle: Inspiring Women-Led Businesses You Should Know (Free Business Insurance Quote!)
Your Life Insurance Policy: A Secret Savings Account?
Don’t Cash Out! Unlock the Hidden Benefits of Your Life Insurance Policy (Free Quote Included!)
Don’t Be a Drain! The Essential Fluids Your Car Needs to Flow
Car Care 101: Essential Fluids Explained (Don’t Get Stuck on the Side of the Road!)
How to Maximize Your Chances of Getting Your Security Deposit Back
Moving Out? Don’t Leave Your Money Behind! Get Your Security Deposit Back Every Time (and Maybe Even Renters Insurance!)
Garage Sale Gold! How to Turn Trash into Treasure (and Cash!)
Don’t Trash It, Sell It! Pro Tips for a Successful Garage Sale (and Extra Cash!)
Don’t Let Your Business Go Up in Smoke! Top 5 Causes of Commercial Fires (and How to Prevent Them)
Commercial Fire Safety: Protect Your Business from the Top Fire Threats (Free Quote Included!)
Taming the Paper Tiger: How to Keep Important Documents Safe
Don’t Let Your Important Documents Become Disaster Snacks! Safe Storage Tips Inside
A Fun Ride Through Auto Racing History (and How to Save on Insurance!)
Need for Speed: A History of Auto Racing in the US (Plus Save on Car Insurance!)
Dive into Safety: Essential Pool Tips for Fun (and Peace of Mind!)
Poolside Paradise or Potential Peril? Top Pool Safety Tips for Families