We have the opportunity to see insurance claims every day. Each claim is unique due to every policyholder and circumstance being individual. There is not a simple solution to any situation that involves potentially or definitely making a claim with your insurance. We prioritize educating and explaining to every homeowner the state of their situation and all their potential steps forward. The questions and answers below were designed to hopefully give you direction on how to begin your road to recovery. At a minimum, you should know that your insurance company is a for-profit business that you are able to NEGOTIATE with. They have their own self-interest in mind, and understand how to move forward through every situation. It is up to you to stand your ground and dictate what your premium pays for.
What effects does a lightning surge have on a home?
It’s very common to see damage to a property’s electrical systems and devices. This may instantly damage your device inducing damage to the power or sensor. This applies for all electrical devices big or small. It may also have an effect on the life expectancy of any device . These effects may not be shown until months or years later. If you use a quality surge protector you can safeguard these expensive items. The same type of damage may happen to the wires that power your home. It is critical to have these inspected because they may be a potential fire hazard that may put you or your loved ones at risk. Contact us to get in touch with an insurance expert that can walk you through this journey.
What does this mean for insurance carriers?
Surges from lightning are generally covered by most insurance policies. Every policy is unique and should be reviewed for possible exclusions or limitations. Knowing what you're insured for and what your damages are ahead of calling your insurance company is always a good idea. In these situations all your devices and electrical related materials may need to be replaced leading to indirect bonuses with new walls and paint when addressing the wires. Just like a policy, every claim is unique meaning every recovery is different. Contact us to get in touch with an insurance expert that can walk you through this journey.
Will my insurance company cover the cost of a utility company related surge?
Not all surges are created equal according to most insurance policies. They can be caused by a lightning event or a utility company . In this case the utility company has insurance to cover your losses. When powering grids are down for maintenance or repairs a fluctuation may occur causing an influx voltage. Transformers are prone to failing causing surges generating irregular and spikes in voltage. A good public adjuster can navigate either of these situations. Contact us to get in touch with an insurance expert that can walk you through this journey.
These last bits of information are something every property owner should be aware of, no matter the type of claim. The adjuster your insurance will send you has no training in construction or estimating. Relying on their opinion is the same as relying on your auto mechanic or barber on what it would cost to fix your damaged property. It’s also never the obligation of an insurance company to make sure that any repair restores the resale values of your property. Your insurance company's only obligation is to pay the claim. You should seek expert advice on how to have a successful insurance claim outcome.