The family in this article lost everything…and then their insurance company tossed them aside and refused to pay their claim. The company asserted that the insureds misrepresented the specifics of the house thereby making policy void. The attached article illustrates the extent insurance companies will go to avoid paying a claim. They won’t pay your claim, but they’ll keep your money. You must understand what your insurance coverage actually covers. Some homeowner’s policies do not cover losses as a result of flooding, earthquakes or mine collapse unless you have riders to add the coverage. If you live next to a public access recreational area, be sure that if someone crosses over your property you are adequately covered if they get injured. Auto insurance can be tricky too. Make sure you have enough coverage that you will be covered if the driver that hits you is not. If you have questions, it’s best to know before you need them to pay for any loss. Ask your insurance company and get their answer in writing. Think of all the what-if scenarios and ask if you would be covered. Ask if there are any exclusions. Ask what steps you can take to ensure coverage. And if you are still nervous about if you have missed something about your home specifics, ask them to come do a survey to point out any potential issues. It is much better to take your time up front than find yourself in the same predicament as this family mentioned in the article.

Insurance is tricky. Just when you think you understand, you find out you didn’t. If you find yourself trying to figure things out after a loss and have questions, give us a call. We can help lessen the confusion.