Friday, September 11, 2015

Will My Insurance Cover That?

10 Surprising Extras Probably Covered by Your Insurance

When something happens to you, your family, your home or your vehicle, one of the first things you might think about is whether or not your insurance is going to give you coverage. We discussed gaps in insurance coverage in a previous blog, but today we're going to look at some surprising items you might have coverage for. Here are a few items that your insurance may cover that you might not know about: 

1. Falling Objects - While typically uncommon, damage from falling objects is usually covered by homeowner policies. For example, if a metal turbine falls from a plane or a tree limb comes down on your home or vehicle, the damages will probably be covered under your policy.

2. Electrical Updates - If your home is damaged by fire and during the repair process you need to bring your home's electrical system up to code, many homeowner policies will pay for at least part of the upgrade.

3. Potholes - Potholes are actually considered a collision. Therefore if your auto insurance has collision coverage, the repairs needed due to the pothole should be covered subject to your deductible. Keep in mind though that the typical auto policy doesn't cover normal wear and tear due to bad road conditions.

4. Rodent Damage - Crumbs on the floor of your car can lead to a family of mice taking up residence inside and causing damage. Squirrels can also get up into the engine and chew up your wires. Some car insurance policies will cover the resulting damage while others exclude this exposure.

5. Spoiled Food - If you're power goes out for an extended period of time, much of your refrigerated or frozen foods may become spoiled. Many homeowners insurance policies will actually cover the cost of replacing that food. While your deductible might be more than what the food was worth, keep it in mind if the storm that caused the power outage also caused other damage to your home you may be able to add those costs to your claim.

6. Riots - Comprehensive auto coverage will take care of damages sustained to your vehicle during a riot. Your homeowners insurance typically covers damage by fire or vandalism during a riot as well.

7. Stampedes - If your neighbors cattle herd gets spooked and comes stampeding through your yard, the damages could be covered by your homeowners insurance policy.

8. College Student Belongings - Many homeowners insurance policies will actually cover your child's belongings while they are away at college. This typically only extends to dorm rooms as they are considered less risky by the insurance industry than off campus apartments.

9. Car Seats - Even if there's no apparent damage, you should replace a child's car seat after it's been through an accident just to be on the safe side. Many auto insurance policies will pay for the replacement.

10. Gravestones - Many homeowners policies consider gravestones an extension of your belongings and will often reimburse you for part of it should something happen to it. For example, vandalism by teenagers is not entirely uncommon.

While you may have coverage for these items, each policy is different. Give your Lake of the Ozarks insurance agency a call to determine which of these items you have coverage for and where you might have gaps. Some of these items may seem uncommon and you think that they won't happen to you, but you never know. Make sure all your Lake of the Ozarks insurance needs are taken care of, just in case!

Request a Free Quote Online! Contact Insure the Lake today for all your Lake of the Ozarks insurance needs! 

About the Author: Steve is a double back-flip insurance ninja. He was named Young Insurance Agent of the Year by the Missouri Association of Insurance Agents in 2010 and is a Certified Insurance Counselor. When he is not helping customers, he enjoys community service, Latin dancing with his beautiful wife and going on adventures with his two awesome sons.

Steve Naught, CIC
3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral