Global Courant
There is a certain type of coverage option that is often included in standard homeowners insurance that many people are not aware of. This is called coverage for damage to good neighbours. For people who have it, and many have it, it will give you great protection from damage to your neighbor’s house that you would be held liable for.
How does it work? Simple. There is coverage for damage to the neighbour’s house because you cut down a tree and let it hit the fence. Or cover is provided if your kids are playing ball in the front yard and a ball goes through a neighbor’s window. Surprisingly, coverage is provided even if your neighbor can prove that your children have deliberately caused damage to their home.
Damage to the neighbour’s house caused by pets is also covered with this Community cover. If your dog chews a hole in their fence or gets into your neighbor’s house and destroys their carpet or furniture, you’re covered.
The amount of coverage offered varies from insurance company to insurance company, but most coverage limits are between one thousand and two thousand dollars. The best thing about it is that there is no deductible to pay when making a claim. Just contact your insurance company and explain what happened. Sometimes you have to come out of pocket to repair the damage and then wait for compensation. Other times, the check is mailed immediately once the damage to your neighbor’s house is determined.
Homeowners Insurance Options – What Is Good Neighbor Property Damage?
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