Homeowners in Richmond, VA, may wonder whether their homeowners’ insurance policy provides sufficient protection. This is an important consideration, as unexpected events can result in losses exceeding standard coverage. The agents at Bacon Insurance Group are available to review your current policy, address any concerns, and recommend additional coverage options when appropriate.

What Standard Homeowners Insurance Covers

A standard homeowners insurance policy typically protects the structure of your home and your personal belongings and provides a set amount of personal liability coverage. While this coverage handles many common risks, liability limits may not be sufficient in every situation. When claims exceed policy limits, homeowners can be left financially responsible for the remaining costs.

Additionally, standard homeowners’ policies generally do not cover certain natural disasters, such as flooding or earthquakes. Separate policies or endorsements are usually required for these types of risks.

Additional Coverage Options to Consider

One important option for Richmond homeowners is flood insurance. Flooding can occur due to heavy rainfall, hurricanes, or other severe weather events, and even a small amount of water can cause significant damage. Flood insurance provides protection that is not included in most standard homeowners policies.

Umbrella insurance is another valuable option, especially for homeowners with significant assets. An umbrella policy provides additional liability coverage once the limits of your homeowners’ insurance are reached. This coverage may help protect against claims involving injuries, property damage, legal defense costs, and certain non-physical lawsuits. Homeowners who own rental properties or multiple residences often benefit from the added protection an umbrella policy provides.

Contact Bacon Insurance Group

Richmond homeowners do not have to guess whether their insurance coverage is sufficient. By contacting the agents at Bacon Insurance Group, you can review your current policy and explore options to better protect your home and financial future. Reach out today to gain confidence and peace of mind, knowing your coverage aligns with your needs.

It makes sense that home insurance in Richmond, VA would cover preventative maintenance, especially if it can prevent an insurance claim. For example, a leaning tree can fall on the house, causing damage. However, it’s not that simple. 

Standard Coverage and Preventive Maintenance

Policies do not cover preventative maintenance, such as removing a leaning tree. This is considered the homeowner’s responsibility. In fact, you can run into trouble if you don’t remove the leaning tree. An agency may consider this high risk and raise your monthly premium. They may specifically exclude incidents of falling trees from insurance coverage. 

You may face a denied claim if the tree falls, even if it’s from a covered peril. For example, if the wind knocks down a leaning tree, this would be considered wind damage, which may be covered under the policy. However, a company can still deny your claim because you failed to do preventative maintenance. It’s important to contact us at the Bacon Insurance Group to see if a leaning tree can impact your policy or future claims. 

What About Normal Wear and Tear?

Every home has normal wear and tear as the years pass. Wind will blow a few shingles loose. The home may end up with water damage from a leaking roof or require additional maintenance. However, this is also considered the homeowner’s responsibility. Policies won’t cover normal wear and tear, or damage caused by your lack of maintenance. 

For example, if there is water damage from a leaking roof because you failed to do maintenance, the company can deny your claim. 

We understand how frustrating this can be. Professionals at the Bacon Insurance Group will work with you to learn about your situation and help you in any way we can. Contact us today to get started with an insurance company that cares. We’re currently serving the Richmond, VA area.