An Act of Nature – Falling Trees

Be Aware of Falling TreesOne of the common hazard could be faced being an home owner is falling trees, specially during ice or snow storms. Natural calamities such as fires, lightning, windstorms, and even insect corroding causes the branches or trees to fall on your home resulting in property damage. You need to be careful and watch out for trees with trunk hollows or cracks, limbs of trees hanging around, dead trees or with mushrooms on tree bark have high chances of falling and causing extensive damage to your property.

Falling  trees – What’s Covered?

Working of your insurance coverages under such scenarios:

  • You can file a claim on your home insurance policy, if yard or a tree even if rooted in your neighbor’s house fell over damaging your home and other
  • As any home insurance policy covers detached structures such as garage, they are covered when any damage occurs due to tree fall.
  • Please note that, tree rooted in your home if falls on your neighbor’s roof, then he should claim under his own insurance policy and you are not liable for it.
  • Comprehensive coverage pays when your car is damaged due to a tree fall, natural disasters, theft, vandalism or collision with animals.
  • Your deductible can be reimbursed If your neighbor’s tree caused damage and he goes after his insurer.
  • The standard insurance policy replaces shrubs and trees damaged by vandalism, fire, lightning and other perils, but not wind or water.
  • A tree rooted by you falls and does not damage any structures or house but blocks the road or ramp, insurance might pay to help in removing it. Not all insurance companies pay you to have the tree removed unless specified in your policy.

What Does Basic Homeowners Coverage Include?

If you’re about to buy your first home, you’re also probably about to get your first homeowner insurance policy. In fact, your mortgage broker will probably require you to get one so they know their investment is protected. Just like with every other form of insurance, it’s a smart idea to get some homeowner insurance quotes before you make your choice of insurance carrier.

When you compare home insurance quotesKnow What to Include?, you’ll notice a difference between the various insurance companies. In order to decide which of the homeowner insurance quotes is most appropriate for you, it’s helpful to have an overview of what basic homeowner insurance quotes coverage includes.

HO-2
The most common form is called HO-2. This is a broad homeowners policy that covers your house and its contents against sixteen perils including fire, lightning, hail or windstorms, vehicle or aircraft damage, smoke, vandalism, theft, falling objects, electric damage etc. Homeowner insurance quotes can include coverage for more perils, liability coverage, or special coverage for older homes. One of the most important things to understand about homeowner insurance quotes is that they should reflect the costs of replacing your home after damage—not the cash value. This way, if your home is completely destroyed in a fire or natural disaster, the costs of rebuilding are covered.

Another important thing to know is that basic homeowner insurance quotes usually give the cash value coverage of the contents of your home, which might not be the best option in the event that you have to replace any items. Remember to request homeowner insurance quotes that cover the replacement costs of your possessions so you’ll have resources to rebuild your life in the event of damages.