Homeowners Insurance Conditions Can Void the Policy

    CHICAGO, IL, June 26, 2009 /24-7PressRelease/ -- You may think, as a homeowner, paying your premium on time and in full means you've done your job. That's simply not true. It is up to homeowners to reread their policies and look for certain "conditions." Knowing which conditions apply to your homeowners insurance policy and what can and can't void a claim can protect you, according to a new article published on InsuranceAgents.com (http://www.insuranceagents.com/
).

"Make sure you always read your homeowners insurance policy as thoroughly as possible and always note the conditions attached. You bought that homeowners insurance to protect you and your home. You need to know what conditions may void you of any and all coverage," recommends the Insuranceagents.com article, ' Homeowners Insurance: Watch Out for Those Conditions.'

There are several critical requirements you are obligated to fulfill if you ever expect your homeowners insurance carrier to financially back your insurance claim. The conditions include reporting the claim immediately, cooperating with your insurance carrier, and protecting the property from further loss.

"[Protecting the property from further loss] is a very important condition on every homeowners insurance policy, one that too many people choose to forget," according to the Insuranceagents.com article. "If damage has occurred and you do not take precautions to protect your home from further destruction, your homeowners insurance doesn't cover you and your insurance company will unquestionably refuse to pay a dime."

For example, you find out there's a hole in your roof and you don't fix it right away. Later, you hear on the news a severe rainstorm is going to hit this week. If you don't put up a tarp or some kind of protective roof covering, you are allowing for the little hole in your roof to rip open and cause water damage in your home. And your insurance carrier will consider it your fault due to negligence.

"[I]nsurance companies don't pay for negligence, no matter how much coverage your homeowners insurance policy gives you or how much you pay for your premium," warns the Insuranceagents.com article.

Every policy may have their own conditions; with economic times being what they are, most can not afford to disregard the conditions in their policy that may cost them hundreds or thousands of dollars down the road.

InsuranceAgents.com provides consumers with access to information including insurance quotes, articles, and comparisons.

Source: InsuranceAgents.com
Website: http://www.insuranceagents.com/

# # #