Five Common Problems Not Covered In Property Damage Claims: How To Prevent Paying Out Of Pocket
Homeowners property damage insurance helps prevent you from having to pay the costs of repairs/replacements when adverse events occur. However, not reading the terms of your policy and being unaware of what is not covered can lead to unpleasant surprises. There are common types of property damages in Daytona Beach that residents need to be alert to and ways you can prevent having to pay out of pocket.
What Your Homeowners’ Property Insurance Is NOT Covering
Insurance companies are for-profit businesses. In addition to charging high premiums, one of the ways they make money is by reducing payouts on claims. The Florida Statutes protects the rights of homeowners when dealing with insurers and filing property damage claims, but it is important to take steps to protect yourself by knowing exactly what is and is not covered under your policy.
Read through all policy-related documents when you purchase coverage and before filing a claim. Pay close attention to the summary of benefits and any exclusions that apply. Common types of property damages in Daytona that are typically not covered include:
- Sinkholes
Florida insurers offer protection against sinkholes as optional coverage. You may be tempted to pass on it but check with sinkhole maps for Volusia County provided by the University of South Florida first to ensure you are not at high risk.
- Flooding
Flooding is a common problem in Daytona Beach. Whether you live near the coast and are dealing with the effects of beach erosion or in other areas where heavy rainfalls can cause flash floods, it is an issue you want to ensure you are protected against. It is not included as part of your standard policy but is available through the National Flood Insurance Program.
- Mold
Mold is another common problem in Daytona Beach and can occur due to heavy rains, flash floods, and general high humidity. The root cause will determine whether it is covered by your property damage policy. To protect yourself, repair any leaks, correct construction defects, and address any areas where water does accumulate on a regular basis.
- Wind damage
Tropical storms and hurricanes in our area mean wind damage is a major concern. In addition to purchasing additional coverage to protect yourself, perform routine landscaping, remove dead trees and low hanging limbs, inspect your roof on a regular basis, and address problems with siding or other issues.
- Infestations
Roaches and rodents make your home uncomfortable to live in and can impact your family’s health. They can also cause major property damages, which are generally not covered by insurance. Contracting with an experienced pest elimination company can save you money in the long run.
Contact Us Today for Help
To protect your rights in property damage claims and to prevent paying out of pocket, reach out to Bundza & Rodriguez. Contact our Daytona Beach property damage attorneys and request a consultation today.
