As the official start of hurricane season looms, there are even more reasons to take a look at your home insurance and ensure the coverage meets your needs or those of your home. Based on the age of your home, policy terms may affect you significantly.
Depending on the last time you took a close look at your policy, you may not be aware that your roof coverage has been scaled back, for example. If it’s over a certain age and becomes damaged due to factors such as a storm, the policy may not cover the replacement costs. This means you may be forced to pay the portion your insurance company decides is not part of its responsibility. Do some research on the terms Actual Cash Value.
Speaking of older homes, insurers may have limits on what they’re willing to pay for damage considered to non-weather-related. This means that damage caused by factors such as a burst pipe or a loose dishwasher hose may not be covered.
This information is provided by Miami insurance attorney Alonso & Perez, LLP. Our areas of practice include bankruptcy, insurance litigation, foreclosure defense, immigration law, and more. Call 305-676-7545 to speak with one of our attorneys or a Miami insurance claims attorney and receive a free consultation We look forward to working with you.
This information is provided for educational or informational purposes only and should not be construed as legal advice. The information is not provided in the course of an attorney-client relationship and is not intended to substitute for legal advice.