I was surprised how many people are actually shocked of what their homeowner’s insurance policy will and will not cover. Many are horrified when they find out how much their deductible actual is. I asked the question, “Have you ever read your homeowner’s policy?”
Who’s to blame, the DFW insurance agent or the Dallas Fort Worth property owner? In my humble opinion they both are! When we as property owners are looking for homeowner’s insurance we are basing our decision on price. Which Dallas Fort Worth carrier has a better deal, we rarely ask our agent to explain our coverage. The insurance agent wanting to sell a policy is quick to give a lower price than their competitor to get the sale.
Check these Dallas Fort Worth Insurance Claim Stories
I felt bad for one retired Dallas Fort Worth elderly couple that had a 2% deductible, on a fix income! At first I was angry with their agent for putting them in such a predicament, but realized they should have read their policy or asked their agent to explain their coverage.
Had another Dallas Fort Worth homeowner who was furious that insurance didn’t cover his Dallas Fort Worth roof or fence. It simply had deteriorated beyond their useful life. “Then why do I have homeowner’s insurance!” he yelled. If he understood his policy and realize that homeowner’s insurance doesn’t cover neglect he may have not been so upset. No one reads his or her policy.
Let’s talk deductibles.
Many Dallas Fort Worth homeowners’ believe since they paid into it for years they shouldn’t have to pay their deductible. Then to add insult to injury you have Texas roofers running around telling property owner that they will cover their deductible by committing insurance fraud.
No one seems to understand that homeowner’s Insurance is a shared risk. The homeowner pays premiums (payments) for protection from catastrophic events. In the event of one, the insurance pays out what your policy coverage outlined, (the majority of the claim). The first money paid is your deductible, than your insurance covers the rest. If you understand what you policy will or will not cover you wont be upset if your Dallas Fort Worth roof gets hailed out, you’ll be thankful that you understand exactly what you are covered for.