Insurance Insights: Fire and Water
In the interest of providing greater insight into the need for (and the benefits of) having adequate homeowners insurance, you might want to know that weather incidents account for more than half of all homeowners’ insurance claims. Exterior damage caused by wind accounts for one-quarter of all losses; hail is responsible for 15%; and weather-related water damage (such as rain, melting ice, and snow) accounts for 9%. Water damage that is unrelated to the weather (such as appliance and plumbing issues) also poses problems, making up 19% of all homeowners’ insurance claims. Fire-related claims are the most expensive, representing nearly one-quarter of total claim costs. These statistics should prompt a review of your homeowners coverage.
What kind of coverage does your current homeowners insurance policy provide you? Your interests are our highest priority. When you insure with us, you will be treated with the courtesy and respect your deserve as a valued client. The advise we give is derived from your individual or family needs and situations. For more information or to schedule an appointment, we invite you to call us or email us at email@example.com.
Quick Tip: Water damage caused by events such as bursting pipes and plumbing or appliance issues exceeds any damage that the weather poses to homes.