When Can You Claim Your Home Insurance

Your home is the most significant investment that you will make in your life. Therefore, it doesn’t make sense if you fail to insure it. A standard homeowners’ insurance policy from Porchlight Insurance covers both your home structure and personal property from various disasters and accidents.

It also offers you liability coverage in case a costly accident happens in your home. However, most homeowners in Tigard, OR don’t know much about their home insurance. They don’t know when to claim and when not to claim on their policies. Let us examine some scenarios when you can file on your home insurance.

Loss of Use

You should file your home insurance claim if you are unable to live in your home because of a covered loss such as fire or weather. Your insurance provider will reimburse you for the living expenses up to your policy limits depending on your policy. There may be limits to what is covered in the case of loss of use.

Make a Claim When You Are Sued

Accidents will always occur, and you never know when you will be caught in the mix. A costly accident can happen on your premises at any time. If your friend is injured in your home and he/she files a lawsuit against you, then your liability coverage should pay the legal fees. It will also settle the hospital bill of the injured person and try to negotiate with him/her to resolve the matter outside the courtroom.

When A Covered Event Damages Your Home

Typically, your home insurance covers you against fire, storm, and vandalism among other disasters. If any of the covered disasters destroy your home and you can’t meet the cost of repair, then your insurance provider will be there to help you repair or rebuild it. Just make sure that the cause of the damage is a covered event.

Are you a homeowner in Tigard, OR? Contact Porchlight Insurance today to learn more about a homeowners’ insurance policy.