Does your home insurance kick in when the power is out and will it cover food spoilage? Damage or loss from power outages is ordinarily covered under your homeowners policy if the power outage occurs on your property. If you lose a freezer full of pricey steaks when your power is out, will your homeowners insurance cover the cost? Probably. However, insurance coverage for power outage losses can vary among providers. Your reimbursement for loss of food in a power outage depends on your actual coverage. Consider these factors: Your coverage may be subject to your personal property deductible, typically between $1000 an 2500 The amount of food coverage or costs to replace can be lower than your deductible. Filing a claim however could increase your premium ultimately offsetting the amount you paid to replace your groceries! Then the claim could follow you on your next purchase and presents a claims history on your home in the event you decide to sale. Coverage that's included with your homeowners policy is typically limited to $250 or $500 per occurrence. It often isn't worth filing a claim for relatively small amounts, unless the food spoilage is just part of a larger claim for the same event. Because so many variables depend on your individual carrier and policy, don't make any assumptions about your power outage coverage. Read your policy carefully, to see if food spoilage is specifically excluded within your list of exclusions. If you're still uncertain about whether or not you are covered, contact your insurance agent or call us at The Stack Agency remember you heard it from Danielle. Talk to you son
Food Spoilage Coverage when electricity goes out
Does your home insurance kick in when the power is out and will it cover food spoilage? Damage or loss from power outages is ordinarily covered under your homeowners policy if the power outage occurs on your property. If you lose a freezer full of pricey steaks when your power is out, will your homeowners insurance cover the cost? Probably. However, insurance coverage for power outage losses can vary among providers. Your reimbursement for loss of food in a power outage depends on your actual coverage. Consider these factors: Your coverage may be subject to your personal property deductible, typically between $1000 an 2500 The amount of food coverage or costs to replace can be lower than your deductible. Filing a claim however could increase your premium ultimately offsetting the amount you paid to replace your groceries! Then the claim could follow you on your next purchase and presents a claims history on your home in the event you decide to sale. Coverage that's included with your homeowners policy is typically limited to $250 or $500 per occurrence. It often isn't worth filing a claim for relatively small amounts, unless the food spoilage is just part of a larger claim for the same event. Because so many variables depend on your individual carrier and policy, don't make any assumptions about your power outage coverage. Read your policy carefully, to see if food spoilage is specifically excluded within your list of exclusions. If you're still uncertain about whether or not you are covered, contact your insurance agent or call us at The Stack Agency remember you heard it from Danielle. Talk to you son
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