Insurance Insights: Double Trouble
Many homeowner’s insurance policies contain “anti-concurrent causation causes” stating that the insurer will not pay for a loss that is caused by two simultaneous events if one event is excluded by the policy. For instance, the homeowner’s policies do not cover flood damage, but they typically cover wind damage. Thus, if a hurricane were to strike, which flooded the home and ripped off the roof, the policy might not cover the damage if the homeowner lacked flood insurance. Because homeowners are not always certain which damage the home suffered first, their best course of action is talking with their insurance agents about the anti-concurrent clause and asking how to protect themselves with additional insurance policies or riders for flood insurance.
We know your home is one of your biggest treasures and protecting it is one of your biggest concerns. Make sure you are covered no matter what perils your home and family may face with comprehensive home insurance and unmatched customer service from our agency. Please call us today to schedule an appointment.
Quick Tip: California, North Dakota, Washington, and West Virginia are among the states that do not enforce anti-concurrent causation clauses.