Streetsmart insurance Blog
In the past year, there were approximately 46,500 home fires in the United States due to electrical malfunctions and failures. Property damage can quickly add up when there is an electrical fire. Good thing homeowner’s policies offer significant coverage for the damages and losses obtained. Compared to other coverage, fire is considered the widest protection a policyholder can have.
There are some important concerns you need to take into account in terms of homeowner’s insurance and electrical fires.
Record the Fire Damage
After experiencing an electrical fire in your home, keep a hard copy of the scenario. Take some pictures of the damages as soon as the place is safe. Get a copy of your home insurance policy and review it again to know your rights and responsibilities as a policyholder. Keep a notebook, and list every detail about the disaster.
Mold Damage Is not Always Covered
In case of a fire and firefighters responds to the scene, they could leave a large amount of water inside your home, including your walls. Mold is likely to develop on your wet drywall. However, mold is often excluded in a standard homeowner’s policy. In some cases, mold coverage is included but for a limited amount only.
Install Safety Devices to Get Discounts
Check if your insurance company gives discounts on your premiums if you have installed home safety devices such as a burglar and fire alarm, smoke detector, or a sprinkler system. Most insurance firms deduct about 5 percent from your monthly premium.
Clean, Repair or Replace Damaged Items
When there’s a fire, there’s smoke. It means some items in your house can be damaged due to the smoke. Homeowner’s insurance policies generally pay for the damages that are the result of smoke from a fire.
For example, if you take your smoke-damaged items to a professional cleaning service such as your rugs, curtains, or other furnishings, the bills will be covered by the insurer. If the items are beyond repair or cleaning, your insurer may cover the costs of the replacement.
Open Your Claim for a few Months
Consider keeping your claim open if your home has suffered from a partial-loss fire. The extra time will enable to discover undetected damages brought on by the fire. For example, some of your house plants have withered due to the fire, but only after a few weeks.
These are some factors to consider regarding your homeowner’s insurance and electrical fire. Do not forget to take precautionary measures to avoid these incidents. At Streetsmart Insurance, we work hard in making sure that our clients are well-protected with policies that they can afford. To learn more about how we can help you, please contact our agency at (732) 462-8343 or Click Here to request a free quote.