After the Bastrop fire, Hurricane Irene and other tropical storms that have wreaked havoc on homes in the last couple months, many homeowners were left holding their insurance policies trying to figure out how much insurance they had and what was and wasn't covered by their homeowner's insurance policy.
This is why it is good to review your policy before you ever need to file a residential insurance claim. By knowing what your policy covers, you will be better prepared to file a claim when damage does strike your home.
Basic Rules for Homeowner's Insurance Coverage
It is wise to have enough insurance in case you need to rebuild your home and replace all of your personal items and contents in the home. It is also critical to update your home's inventory regularly. By updating your policy and keeping your insurance up-to-date, your home improvements and large purchases should be covered if anything were to happen.
What if you haven't updated your insurance company after making a new television purchase, computer purchase or home repairs? In order to make sure your insurance company will cover all the contents of your residence and home repairs and updates, you need to update your policy after times like these.
Steps to Take
Schedule a time to talk with your insurance agent about your homeowner's policy. This should be done at least once a year, and will allow you to update any changes to your home and new items that should be covered under your insurance policy. Speaking with your insurance agent will also help you understand your insurance policy and what is and isn't covered. Find out during this talk if you need any additional insurance to protect your home. If so, get it as soon as possible. Although additional insurance is available at an additional cost, it can be worth it when you are dealing with a disaster.
Just because you have a homeowner's policy doesn't mean that your insurer will cover everything. Getting the right insurance and keeping it up-to-date will help you when filing a Texas residential insurance claim.
If the insurance company is not being fair regarding your property damage claim, you may need to talk with a skilled Texas insurance claim attorney to find out about your rights. Call the Voss Law Firm at 888-614-7730 and receive a free, no-obligation consultation and find out if your insurance company is treating you fairly.
Also, request our FREE book, Disputes With Your Insurance Company - What All Consumers Need to Know, to find out more about your rights to fair compensation.