Can Your Homeowners Claim Be Denied?

If your home has been damaged or destroyed, the associated stress can be overwhelming. If you file your claim and it’s denied, the matter becomes that much more challenging

. The best way to protect yourself is by having the right homeowners insurance policy from the outset, and an experienced California homeowners insurance agent can help you proceed with the peace of mind you’re looking for.

Contact Panorama Insurance Agency today. 

Homeowners Insurance Claims can be Denied

The fact is that homeowners claims in California can be denied for any number of reasons, but the most common is lack of coverage for the issue at hand.

If you don’t carry coverage for the specific event that leaves your property damaged, your homeowners policy won’t cover it, which makes having robust homeowners coverage paramount. 

Often, homeowners are left in the lurch because they don’t understand what their policies cover, and what they do not.

Having a seasoned homeowners insurance agent in your corner helps you purchase a homeowners policy that suits your needs and that covers you for those losses to which you’re vulnerable. 

Your Legal Rights

If you have a homeowners claim in California, you have important legal rights.

To begin, the insurance company is required to handle your claim fairly and to act in good faith, which includes the following:

1. Responding to your phone calls, letters, and electronic correspondence in a timely manner (within the range of the specific deadlines)
2. Providing you with all the necessary information
3. Letting you know your deadlines as they relate to proof of loss

Categories of Coverage

Knowing the kinds of coverage that are often included in homeowners policies can help you better understand the categories of coverage you are likely to need.

The scope of each coverage category will vary according to the terms of your policy. Consider the following:

1. Coverage A refers to your home (or dwelling) itself, and it can include policy endorsements – or extras – that increase your actual coverage.
2. Coverage B refers to any separate or detached buildings or structures, such as garages, decks, fences, retaining walls, and more. 
3. Contents and Personal Property refers to coverage of the contents of your home and to any other personal property that is both damaged and covered. 
4. Loss of Use and Additional Living Expenses (ALE) refer to coverage for obtaining comparable housing while your own home is being repaired.
5. Building Code Upgrade Coverage refers to coverage for the cost increases related to building in compliance with updated building codes, which can be considerable. 
6. Extended Replacement Cost Coverage is a policy extra that can increase your policy limits in relation to specific losses by 25 to 100 percent. 
7. Personal Property Replacement Cost means that the contents of your home are covered at the cost required to replace them, which limits the effects of depreciated value. 

Discuss Your Coverage Needs with an Experienced California Homeowners Insurance Agent Today 

The skilled homeowners insurance agents at Northridge, CA Panorama Insurance Agency are committed to helping you obtain a homeowners policy that addresses your complete coverage needs and that works for you.

Contact us

For more information, please don’t wait to contact or call us today at 818-781-6630 .