First-time homeowners may not know when it’s appropriate to file a claim with their homeowner’s insurance. To avoid increased premiums, it’s important to note that your insurance is intended for unexpected events, rather than regular home maintenance or systems aging out. Staples and Associates offer more on why you shouldn’t rely on your homeowner’s policy for maintenance coverage. 

Reasons to Stop Using Your Homeowner’s Policy as a Maintenance Policy

Homeowners Insurance Is for Unexpected Events, Not Routine Care

Your homeowner’s policy is designed to cover damage from sudden, unexpected events like fire, storms, or theft. Homeowners should not rely on their insurance policy to cover maintenance issues, small repairs, or replacing something that has exceeded its natural lifecycle, as these things will likely not be covered. 

Neglecting Maintenance Can Lead to Bigger, More Expensive Problems

If left unattended, a small roof leak can lead to serious damage that may require an entire roof replacement. Bathroom tubs, toilets, and pipes can all leak from time to time, and need to be serviced regularly to avoid water damage to floors or walls. Whether or not the claim is covered, bigger repairs mean more out-of-pocket cost for you in the long run. 

Insurance Premiums May Increase

Frequently filing claims for maintenance-related issues can lead to higher premiums over time. Insurance companies may view you as a higher risk if they see a pattern of claims, even if they’re for non-catastrophic events like worn-out appliances or failing systems. 

If you’re unsure about whether you should file a claim or not, reach out to one of our agents at Staples & Associates, and they can have a conversation with you to learn more and provide recommendations. Contact us today!