Do you know what home insurance covers? Basic home insurance covers damage list of contact numbers in philippines caused by fire, theft, flooding, as well as civil liability coverage (damage caused to third parties by the inhabitants of the house, including pets). Depending on the type of insurance, you will have more or less guarantees. We will see what home insurance usually covers and how to make a claim against the insurance in the event of damage to your home.
What does home insurance cover?
Home insurance covers accidental damage to the structure of the home and to the property inside the insured home. There are also additional guarantees such as:
Fire or electrical damage
Theft and robbery inside the home, as well as theft outside the home
Breakage of mirrors, glass, glass ceramic cooktops in the home
Damage caused by atmospheric phenomena
Food spoilage in the refrigerator : covers food that is no longer edible as a result of a refrigerator breakdown or a power outage.
Civil liability : the insurance company is responsible for paying compensation for damages caused by the insured or his family. This also includes damages caused by pets. For example, if the dog bites someone.
Legal defense is usually included in all home insurance policies.
Acts of vandalism : material damage caused intentionally by third parties. However, damage or expenses incurred as a result of graffiti, writing, posting of posters or similar acts and actions that have the character of a riot or popular uproar are excluded.
Water damage: compensation is provided for damage caused by accidental water leaks, broken pipes or taps, flooding, as well as leak problems (humidity).
Exclusions
Home insurance does not protect you from everything. There are certain situations that are excluded from the policy or are treated differently:
Theft of cash or jewellery . Some insurance policies cover this but introduce very low limits.
Electrical damage to certain elements: light bulbs, lamps, fluorescent lights, etc.
If damage occurs and is proven to have been caused by poor home maintenance , insurance may not cover it.
The cost of unblocking pipes
If you are a smoker, any damage caused by an improperly extinguished cigarette will not be covered by the insurance.
If you leave the window of your house open and it starts to rain and water comes in, the insurance will not cover any damage that may have occurred.
Damage caused by wind or rain of moderate intensity, that is, if the atmospheric phenomenon does not reach a certain intensity or if it exceeds a specific intensity, will not be covered by the insurance.
If there has been damage to your home, you will need to know, for example: how to claim for dampness from your home insurance . If the incident was caused by water, or if there was a power cut, how can you claim such damage from your insurance.
First of all, you must inform the company of what happened ( within 7 days ). For example, there is damp in the living room. It is best to do so in writing. If it is a robbery or theft, it will be reported to the State Security Forces and Corps. If your policy covers these incidents, you should have no problems getting the insurer to take care of the repairs.
Once the insurance company has been notified, the company will send an expert to your home to analyse and assess the consequences of the accident. The expert will make an estimate of the damage and losses. The insurer will then either pay financial compensation or take charge of repairing the damage or replacing the insured items.