Owning a home has many benefits, but it also comes with several potential challenges, from severe weather conditions to internal plumbing problems.
If you are financing your home, you are generally required to show proof of homeowner’s insurance. This is because accidents happen and having proper insurance in place helps shield you (or your lender) from what can amount to costly repairs.
There are several homeowner’s insurance policies that provide a variety of coverage types for the structure itself and even the owner’s liability. The key is to have the appropriate homeowner’s insurance that best protects you from potential accidents and damage to your home.
You may want to consider the help of a third-party insurance agency that can shop the quotes and policies that are aligned with your needs to ensure you select the best coverage available.
3 Most Common Homeowner’s Insurance Claims
There are several reasons individuals may file a homeowner’s insurance claim, but there are a few claims that are more common than others. The following are three of the most common homeowner’s insurance claims.
Wind Homeowner’s Insurance Claims
You may have already guessed it, but one of the top three claims is for wind damage—especially if your home is in South Florida. These natural damages often result from severe weather conditions, such as hurricanes or thunderstorms.
Fire Damage Homeowner’s Insurance Claims
Fire damage is often the most costly and is also one of the top three types of claims people commonly file damages for with their homeowner’s insurance company.
Water Damage Homeowner’s Insurance Claims
Water damage is another very common home insurance claim, but not all are covered. Water damage can result from a variety of factors (rain, burst pipe, etc.). Depending on your policy, your water damage may fall under a flood insurance policy rather than your master homeowner’s insurance policy.
Get the Right Homeowner’s Insurance Protection for Your Needs
Having the right homeowner’s insurance policy can help financially protect you in the event of the many accidents life can throw you at a moment’s notice.
At GWK Insurance, we understand that shopping for the best policy that meets your unique needs and budget can be challenging. We will help you find the best homeowner’s insurance policy that checks all the boxes. Contact us today to learn how we can help you.