What Does Homeowners Insurance Really Cover?

What Does Homeowners Insurance Really Cover?

December 5, 2019

When you’re shopping around for homeowners insurance in Thibodaux, LA, no policy is one-size-fits-all—especially here, where hurricanes and flooding are just another part of life. With severe weather comes an increased need for coverage. Often, this requires investing in coverage over and above your standard homeowners insurance policy.

Typically, homeowners insurance is designed to protect your home and belongings from the unexpected, such as fire, windstorms, hail or theft, as well as liability for visitor injury. If you live in a place that’s prone to natural disasters, however, you will probably need additional coverage.

Here are some of the most frequently asked questions we hear about homeowners insurance.

Does homeowners insurance cover flooding?

The short answer is no—most homeowners insurance does not cover flooding. You will need a separate policy for flood insurance. Depending on the exact location of your home and whether it is prone to flooding or hurricane damage, this is a prudent addition for Louisiana homeowners.

Does homeowners insurance cover water damage?

It depends. Homeowners insurance usually covers water damage from plumbing issues or overflow, depending on the situation.  For instance, if the cause was an obvious maintenance issue—such as poorly maintained pipes or gutters—then it would not be covered.

The damage must also be sudden and accidental—if you knew or should have known that damage was happening, you’ll bear the full cost. For example, if you let a sink drip on the floor for six months and then tried to claim the floors are rotting, it will likely not be covered, even if you didn’t notice the damage. This is because there would still be an obvious accumulation of water or moisture.

Does homeowners insurance cover roof replacement?

Again, it depends. If you have an old roof and just want to upgrade to a new roof, that would be considered regular home maintenance. Regular home maintenance is not covered by your insurance, which is designed to protect you from accidents or “acts of god.”

Most insurance companies are going to pro-rate based on the age of your roof.  For example, if your roof is 15 years old and a storm causes substantial damage to the roof, the insurance company may give you an estimated amount of that roof value, minus the deductible—that is, unless you have an endorsement saying you have full roof replacement coverage.

This is an important conversation to have with your insurance agent.  When shopping for homeowners insurance, most people get “bare minimum” quotes—they don’t realize exactly what is and is not covered. It’s smart to make a list of potential concerns and pitfalls so you can decide on the right policy for your specific home and location.

Get homeowners insurance in Thibodaux, LA

It’s important to protect your home with comprehensive homeowners insurance in Thibodaux, LA, as well as flood insurance and additional coverage for situations that may be unique to your property or location. Investing in a dependable insurance policy for your abode will provide you with the peace of mind necessary to enjoy your house and live free of worry.

When you’re ready to insure your most valuable asset, call the Bourgeois Insurance Agency, LLC. We provide a range of different options for homeowners insurance, and understand the important financial role that homeownership plays for our clients. Call us today to find out how we can protect you and your property.

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