Important Things to Know About Your Homeowners Insurance Policy

Whether you recently purchased a home or are a long-time homeowner, it is important to read and understand your insurance policy to ensure you are fully aware of what is covered and excluded. The policy is a contract between you and the insurance company, and both parties have obligations and requirements that must be fulfilled. These may include protecting your property from further damage after a loss, promptly reporting the loss to the insurer, and keeping track of repair invoices and receipts.

Insurance policies don’t cover everything that happens to your home. Understanding what is included and excluded is key to a successful claim. Just as important is for you to understand your obligations under the policy. Ignorance of a policy requirement is not a valid defense for not fulfilling it. If you fail to meet the conditions of your policy, the insurance company may use this as a reason to deny your claim. It is crucial to be aware of what the insurance company expects of you in order to avoid misunderstandings and facilitate a smooth claims process.

Keep in mind that anything you say to the insurance company may be used against you in the claims investigation. If you have any questions or concerns about your policy or the claims process, it is advisable to seek the advice of an attorney."

DISCLAIMER: This content should not be interpreted as legal advice. Information may vary outside the state of Florida. Please consult an attorney for legal advice on your specific claim or case. The results of individual cases and each homeowners policy will vary.