Don't Fall Into The Gaps

7/3/2019 (Permalink)

Be sure to review your homeowner's policy and rest easy knowing you have the appropriate coverage.

All too often we will receive a call from a customer who just suffered a water loss, and while they do have coverage from their insurance company, it is not enough to cover the damages and they are left paying the remaining balance out of their own pocket. Don’t fall into the gap!

While having this coverage on your homeowner’s policy is highly recommended, it is equally important to make sure you have the proper amount of coverage for your home. We generally see coverage for Water Back-up between 5-10 thousand dollars. And, while that may be enough for an unfinished basement, it is often times not enough for a finished one. After the demolition and mitigation work is completed, there may not be enough coverage left to clean the contents in the basement and complete the reconstruction work. What is the solution? Give your insurance agent a call and have them take a look at your current policy. Adjustments to this coverage can happen at any time, and may end up saving you thousands of dollars down the road.

We recommend asking yourself these questions when trying to assess how much coverage you need to protect your West Seneca/Lancaster home:

1. Are there any furniture/rugs being stored or used in the basement?
2. Do you have any valuables being stored in the basement?
3. Are the contents in your basement stored in tots and off the floor?
4. Are you planning on renovating the basement in the near future?
5. Are there any special features built in the basement that you would want repaired in the event of a loss?

Be sure to communicate these answers to your insurance agent so together, you can determine how much coverage is appropriate. And, should you ever experience water damage in your home, be sure to call the experts at SERVPRO of West Seneca/Lancaster a call at (716) 674-1103 to make it, “Like it never even happened."