Beware the Anti-Concurrent Causation Clause

Anti-Concurrent Causation Clause

It’s easy to get a homeowner insurance quote that’ll put you in touch with some of the most cost effective insurance companies around. But getting a fast homeowner quote and getting insurance coverage that you truly understand are two entirely different things. When you’re shopping for home insurance, consider the following advice before you sign on the dotted line.

Read and Understand Everything
Remember, this is your home you’re talking about here. If you don’t understand every single word, you could be putting yourself in jeopardy further down the line to discover that what you thought was covered, isn’t. In particular, look for what’s called an “anti-concurrent causation clause” and be absolutely certain you have a complete grasp of its meaning. This is a section contained in some home insurance policies that in many cases excludes coverage. For example, you might be covered against windstorms, but if the windstorm causes interior flooding, that’s not covered because you don’t have flood insurance.

Confusing, yes. Just be sure that if there’s anything about your home insurance policy that you don’t understand, you get complete clarification from an insurance agent before you sign up. If not, you could find yourself with a quite unwelcome surprise in the event you actually need to exercise your policy.