Showing posts with label claims. Show all posts
Showing posts with label claims. Show all posts

Tuesday, January 7, 2014

Protecting Your Home in Winter Weather

Below is information from State Auto about how to protect your home from Ice Dams and Freezing Pipes.

 
As if slippery sidewalks and snow-covered cars aren’t
bad enough during the winter, you face another potential
headache: ruined carpets and water damage to your ceilings
and walls from leaks caused by ice dams or bursting
pipes. You may be able to avoid the resulting aggravation
and expense by taking basic steps right now to prevent this
kind of damage.

Ice Dams

An ice dam is an accumulation of ice at the lower edge of
a sloped roof, usually at the gutter. Once an ice dam forms,
the potential damage can be serious. Take these steps now
to avoid trouble later:
 
• Keep the attic well-ventilated. The colder the attic, the
less melting and refreezing on the roof.
• Keep the attic floor well insulated to minimize the amount
of heat rising through the attic from within the house.K-950-E (0213)

Freezing Pipes

Frozen water in pipes can cause water pressure buildup
between the ice blockage and the closed faucet at the end
of a pipe, which leads to pipes bursting at their weakest
point. To keep water in pipes from freezing, take the following
steps:

• Fit exposed pipes with insulation sleeves or wrapping to
slow the heat transfer.
• Seal cracks and holes in outside walls and foundations
near water pipes with caulking.
• Keep a slow trickle of water flowing through faucets
connected to pipes that run through an unheated or
unprotected space.

Keep these in mind to reduce your severe winter weather risk.

Tuesday, February 5, 2013

NATURAL DISASTER INSURANCE


Natural disasters may be defined as involving Mother Nature and her fury!  Natural disasters particularly often include wind damage and flood damage.  Of course, hurricanes and cyclones often cause additional damages due to power outages.

 
Flood insurance is available through both private and government programs.  The dollar premiums for such insurance coverage however are becoming more and more expensive as storms become increasingly prevalent.

 
Generally speaking homeowner insurance policies do not cover flood damage caused by a natural disaster.  Flooding caused by frozen pipes may or may not be covered in a homeowner policy, but reimbursement for such damages is normally accompanied by a homeowner cost-sharing mechanism, known as the deductible!

 
Wind damage is normally covered by homeowner insurance policies, but wind damage cause by a hurricane or cyclone may involve deductibles based on a percent of the home’s actual insured value.

 
Several points to remember about natural disaster insurance coverage and claims you submit for reimbursement for that damage.

 

1.  Review your coverage with your insurance agent so you fully understand the coverage you have for flood, hail, wind, etc. damage.

2.  Review the type of deductible you have for any “natural disaster” insurance coverage.

3.  Record your insurance policy number and your insurance agent information in several places other than your home.

4.  Maintain an accurate record of the contents of your home detailing the type of
possession, the cost of the possession, and when and where it was purchased.  This
record could be both a video and fact record.  An online application that might help
guide you in this effort is available at the Insurance Information Institute’s website
 >www.iii.org/software<.  Search for the home inventory” application. 

5.  Maintain an accurate, written record of your conversations with the claims adjuster who reviews the natural disaster to your home and personal property. 

 
Understand your insurance coverage and how to proceed when a disaster occurs. Contact your favorite insurance agent (Mike Carter, Andrea Shearer, or Tessa Everman) at the Triplett Companies (515/232-5240) or more information.

 

Tuesday, January 29, 2013

PROPERTY INSURANCE REPLACEMENT COST

“Replacement cost” insurance is a type of property insurance coverage that generally pays for the “depreciated” value of the damaged property.

 
Subsequently, the actual cost of restoring the property would most likely require additional funding from you to renew the property to its condition at the time of the loss.

 
If you find yourself in this situation, be sure to complete the repairs on the damaged property as soon as possible as most policies have a time limit for payout.  Also maintain accurate records regarding all expenditures incurred in the restoration of the property.

 
Call or e-mail Mike, Andrea, or Tessa at the Triplett Companies today for additional insight and information regarding the “replacement cost” clause of your property insurance policy.

Tuesday, January 22, 2013

Mold Exclusion

Most all insurance companies (carriers) have a “mold exclusion” in their property insurance offerings.

 
Mold damages should be covered as long as the “mold causing” event was due to an insurance-covered event, such as flooding, rainwater coming through windows broken during a hail storm, etc. 

 
Should your insurance company turn down your claim for mold-related repairs, consider hiring a “mold remediation” company to determine the age and source of the mold.  Of course, such a service may cost several hundred dollars. 

 
Call or e-mail Mike, Andrea, or Mandee at the Triplett Companies today for additional information and help in determining your mold insurance coverage.