 Jack_in_VAPremium
join:2007-11-26
Mathews, VA
kudos:1 | reply to Dexter
Re: File a homeowner's claim or not? After Sandy: Tips on filing home insurance claims
quote:
In addition, New York, New Jersey, Rhode Island and 15 other states let insurers include deductibles in their homeowners' insurance policies in the event of a hurricane. Such deductibles vary from 1 percent to 5 percent of the insured value of the home. But each state makes its own determination on whether a storm will trigger those deductibles, so check with your state department of insurance to see if that will be a factor in your coverage.
Mine now is 1 percent but some have 5 percent. Depends on your insurance company and your relationship with it. |
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 dennismurphyPut me on hold? I'll put YOU on holdPremium
join:2002-11-19
Parsippany, NJ
 ·Verizon FiOS
 ·Optimum Online
| said by Jack_in_VA:After Sandy: Tips on filing home insurance claims
quote:
In addition, New York, New Jersey, Rhode Island and 15 other states let insurers include deductibles in their homeowners' insurance policies in the event of a hurricane. Such deductibles vary from 1 percent to 5 percent of the insured value of the home. But each state makes its own determination on whether a storm will trigger those deductibles, so check with your state department of insurance to see if that will be a factor in your coverage.
Mine now is 1 percent but some have 5 percent. Depends on your insurance company and your relationship with it. I can't speak for any other state, but here in NJ, the Department of Bankig and Insurance declared this a 'post-tropical cyclone' storm, and therefore, hurricane deductibles are not applicable by law.
That's great news - my standard deductible is $1,000, but hurricane is over $10k.
The only damage I sustained is my fencing all the way around the yard. The rear fence has missing panels now - it's mostly destroyed - and both side fences are leaning / wavy / broken.
I'm thinking it's claim time. I'm not heartbroken - they're ugly, so I'd like to replace them with a nice vinyl fence. If SF will help pay for that, all the better. |
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Jack_in_VAPremium
join:2007-11-26
Mathews, VA
kudos:1 | said by dennismurphy:said by Jack_in_VA:After Sandy: Tips on filing home insurance claims
quote:
In addition, New York, New Jersey, Rhode Island and 15 other states let insurers include deductibles in their homeowners' insurance policies in the event of a hurricane. Such deductibles vary from 1 percent to 5 percent of the insured value of the home. But each state makes its own determination on whether a storm will trigger those deductibles, so check with your state department of insurance to see if that will be a factor in your coverage.
Mine now is 1 percent but some have 5 percent. Depends on your insurance company and your relationship with it. I can't speak for any other state, but here in NJ, the Department of Bankig and Insurance declared this a 'post-tropical cyclone' storm, and therefore, hurricane deductibles are not applicable by law. That's great news - my standard deductible is $1,000, but hurricane is over $10k. The only damage I sustained is my fencing all the way around the yard. The rear fence has missing panels now - it's mostly destroyed - and both side fences are leaning / wavy / broken. I'm thinking it's claim time. I'm not heartbroken - they're ugly, so I'd like to replace them with a nice vinyl fence. If SF will help pay for that, all the better. Governors Promote Lower Deductibles for Homeowners
That's fine but be prepared for big rate increases on your homeowners policies.
Are you positive your policy covers your fence? Better check as mine doesn't. |
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 DraimanLet me see those devil horns in the sky
join:2012-06-01
Kill Devil Hills, NC
·Verizon FiOS
| said by Jack_in_VA:Are you positive your policy covers your fence? Better check as mine doesn't. Wind damage (act of god) is covered by my policy. I've had 3 different companies over the last decade and all 3 cover wind damage (act of god). 2 years ago I had a tree fall through the fence. They would have covered the clean up and fence repair but it came out about the price of my deductible so I opted to handle it myself. I'd be pissed if I got some cut rate insurance that didn't cover wind damage (act of god) to a fence!!!!
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IF YOU FIND ANY MISTAKES IN MY WORK...Please consider that they are there for a purpose. I try to please everyone and there is always someone looking for mistakes! |
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dennismurphyPut me on hold? I'll put YOU on holdPremium
join:2002-11-19
Parsippany, NJ Reviews:
·Verizon FiOS
·Optimum Online
| reply to Jack_in_VA
Yes, it does cover fences.
As for the rate increase - it shouldn't because of the claim.
If you mean across-the-board hikes, that may happen, but it's not because I'd file a claim. |
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