“Insurance companies seem to deny everything. Why?”
It’s no secret that many people have a negative attitude in regard to insurance coverage and many may feel that it’s more likely to have an asteroid land in a shirt pocket than it is to have an insurance company pay a claim. As hard as it may be to swallow this pill, as hard as it is to believe…everything, and I mean everything (coverages, limitations, conditions and exclusions) is found in the policy. Most do not realize that an insurance policy is a legal contract between the policyholder (You) and the insurance company. While many insurance policies are daunting to the average person, they’re also written for the average person to understand at least the basics of them. Most certainly, your agent is there to help you with any questions you may have related to your policy. Just ask!
A few words on homeowners insurance: Homeowners insurance is designed to reduce or eliminate low dollar minor losses in the form of a deductible (trust me, you wouldn’t want to pay the premium for a homeowners policy that would cover any loss, regardless of how small). Homeowners policies are NOT maintenance policies. Homeowners always have the responsibility to pay for upkeep of their home by replacing things that are worn out, broken, old, etc. whether it’s a roof, a furnace, plumbing, electrical, etc.
If you don’t know the first thing about what your policy covers, call your agent today. Having confidence and understanding about how your insurance works is a liberating and empowering feeling!
I hope this helps.
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