The 3 Most Common Homeowners Insurance Claims

Insurance is the best way to make sure you don’t end up in a financial hole after an accident. Whether your home suffers damage from a burst pipe, a fallen tree, or theft, insurance coverage will, ideally, help you recover without many financial issues. 

However, that doesn’t mean making a claim is easy. You may not know if you have coverage for the type of claim you need to make or even how much you’ll receive in compensation.

By understanding some of the most common homeowners insurance claims, you’ll be able to understand which areas of coverage you need most and be able to better protect yourself from a bad faith insurance denial. 

Common Homeowners Insurance Claims

1. Weather-Related Damages

The single most common homeowners insurance claim is for damage caused by storms and high winds. Severe weather like hail can cause damage directly while high winds can knock down tree branches that then fall on your property. 

Part of the reason this is the most common is because these conditions happen virtually everywhere in the country. More extreme weather, such as hurricanes and tornadoes, will also result in insurance claims but only certain areas tend to experience these types of weather events.

3. Fires

Fires are another common type of insurance claim frequently made across the nation. House fires can have many causes including a short in the home’s electrical system. 

Fire damage tends to be covered in most policies, although some may not cover the full cost of rebuilding a heavily damaged home. In this same vein, lightning strikes can cause fires and other damages, and tend to be covered under most policies.

Wildfires are less common, but they can still happen virtually everywhere. While these types of claims are typically covered, you should be sure to read the fine print to know exactly what sort of fire incident is covered in your policy. 

4. Water Damage

Water damage can be incredibly damaging to a home. Leaking pipes can cause a creeping rot while the damage caused by a pipe bursting can lead to more severe damage. 

It’s important to note that floods are typically not included in basic policies and additional forms of coverage are required to protect you from this type of incident. 

Learn More About Your Coverage

If you want to make sure your insurance claim is approved, you need to know exactly what your plan covers and how much it is likely to pay out. While some plans take into consideration wear and tear, others will pay for a complete replacement of the destroyed item at the current going rate. 

If you made a claim that was rejected unfairly, you have options. Millin & Millin can help you fight bad faith insurance denials. You deserve the compensation you paid for, and the best way to get it is to ask an experienced attorney for help. 

We offer FREE consultations to help you determine if your case may involve bad faith. 

Get Your FREE Consultation Today