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A SMART HOMEOWNERS TOPIC"HOMEOWNERS INS, WHAT POLICIES LACK" |
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A “pay it forward” gift from the McMillan Family to yours hoping to make a better home for every family by educating our neighbors... |
Did you know... |
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...standard policies may not cover simple leaks like ones that require replacing your bath’s shower, slow, or hidden leaks. That with planning, you can have low cost and even free coverage for mold, or any water loss included in your policy and that this coverage, OFTEN, IS NOT included in standard underwriter templates for the basic Homeowner’s policy. What do you have...? Why is this important...? |
This is important because... |
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...insurance company underwriters design base policy templates to protect themselves against the more expensive and more frequent claims. A water loss in a shower, considering matching finishes (tile?) could many times mean a bathroom gut (losses of $8 – $18K are not uncommon). Secondary damage from such a loss requiring contaminate (mold) mitigation and/or structural drying can add $6k to $11k to that cost. Insurers know this is required to put things right and result in a healthy home for that family but fear the cost of reimbursement. What can you do to protect yourself from having this as an out-of-(your)pocket cost if you have such a loss!? |
What can the consumer do... |
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...To protect yourself from (bad decisions &) a BAD RESULT, find someone who will ASSESS the loss, assess the home to avoid future losses, and help plan for loss corrections BEFORE they put a levy on your budget. Ideally, a mitigation trade savvy in insurance who can review your policy, provide the insight you need to manage given the current policy, and improve your decision to purchase a policy with endorsements that cover you next time is what you should look for. How can I accomplish this? |
Who can help me accomplish this... |
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...EFFICIENCY_IAQ is a family owned and operated mitigation (moisture/water loss/contaminate loss corrections) business that has team members who have worked positions requiring contract (like insurance policies) assessment and review for decades. For over 15 years our family has been helping families like yours form that all important plan BEFORE you start, without any cost to you, and part of that plan is understanding insurance aspects (claims, understanding your policy limits, policy improvements). Your only requirement to receive this free planning is that our team be allowed to review the resulting plan with you and that you are acting in good faith; that if we illustrate the cost is reasonable, typically covered by insurance, and/or meets goals you express, EFFICIENCY_IAQ can reasonably expect to be awarded the project tasks by your family when the time comes to move forward. Where can I learn more about this...? ... click the links below... SERVICES > INSURANCE MENTORING ABOUT US > ONE CALL - FINDING OTHER TRADE ASSISTANCE |
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