Mold damage is one of the many headaches homeowners face. Mold damage may be covered by home insurance policies if it is the result of a sudden peril, and not the result of long-term neglect. Homeowners need to prevent mold in their homes because the most common types of mold damage are not covered by insurance. Preventing mold growth in your home benefits the overall health of everyone who lives in the home, as well as the structure itself.
Wildfires are devastating. Recent news indicated that a fire burning in Northern California is now the largest in the state’s history. In fact, a September 10, 2020 quote from Cal Fire via Twitter said, “The 2020 fire season has been record-breaking, in not only the total amount of acres burned at just over 3 million but also 6 of the top 20 largest wildfires in California history have occurred this year.” This is not good news for insurance adjusters, claim managers, or frankly anyone leading an insurance company.
Short-term rentals are the new wave for travel-enthusiasts. They’ve offered more options for people interested in experiencing the true feel of new places and they offer a much larger range of prices that make travel accessible to a broader audience. However, in the wake of COVID-19, the travel industry has been hit hard by new safety concerns. Short-term rental landlords are struggling to find ways to make ends meet and optimize their rentals within the current vacation lull to hopefully survive the summer.
The end of May marks the start of hurricane season, a threat not just to coastal homes, but many inland communities as well. Hurricane-force winds can reach out more than a hundred miles from a storm’s eye, and hurricanes can move over a hundred miles inland before winds slow to tropical storm speeds. Homeowners, like first responders, adjusters, and temporary housing companies, have a responsibility to make a plan before this year’s hurricane season begins, just in case a storm heads their way.
A tornado outbreak on Easter Sunday 2020 left 33 people dead, making it the deadliest in over six years. Tree damage tends to be one of the leading causes of fatalities in tornados, hurricanes, or severe thunderstorms. Along with the threat to life, falling trees often cause property damage. Whether it is a flying branch that smashes through a window or the upper portion of a tree's trunk falling on a roof, trees become dangerous projectiles during a powerful storm. It is important to understand tree damage claims and how they can be challenging for adjusters and homeowners alike.
Homeowners face a long list of difficult decisions following a significant property loss. As a result, property owners must lean on experts such as property insurers, contractors, salvage experts, and others to assist in the response and recovery process. One of the most important decision revolves around whether to repair or replace the major components of a home. Below is the third post in a three-part series focusing on how to analyze home damage to determine the best course of action following a claim.