A tree may not seem like an asset, but it can be. If a storm occurs and your tree falls, what will home insurance do to help you?
In some situations, it may cover your losses all around. Each policy is a bit different, however. It is important to know how these types of policies can help you to recoup all of the losses you have. Here is some insight into what happens in regards to tree damage.
When Does Home Insurance Cover Tree Damage?
Home insurance policies do not cover all types of landscaping. For example, if your small ornaments blow away during a storm, then they may not have any protection under your policy. The policy offers minimum (if any) protection for most types of landscaping. However, your larger plants and trees may have some financial protection.
There are limits to this coverage, though. For example, your policy does not cover disease of the tree. If the tree suffers from a disease, or is dead, and that is the reason it fell during the storm, then the policy may not provide you with coverage. Tree care and dead shrubbery removal is a type of normal expected maintenance for the property owner.
What Happens When a Tree Falls?
If a storm occurs and the tree suffers damage due to a lightning strike, fire or wind event, then the policy may offer some help to you. It may include the cleanup of the downed tree. It may also replace the tree. Most policies have a limit on the value of such an asset of no more than $500. Be sure to check your own policy to know what specific coverage is available to you.
Another way your policy can help is with repairs to structures damaged by the falling tree. If the tree damages your home’s roof, a fence or even a neighbor’s asset, your policy is likely to offer financial protection to you. Dwelling coverage will pay for your own property damage, while liability insurance can cover damage to third-party property. There are limits to this, however.
What to Do When It Happens
If you have a sizable tree fall, be sure to turn to your home insurance agent. Inquire about your existing policy. Does it offer coverage? How much does it help?
Then, work with your agent to file a claim. They will handle the process for you. Do not clean up the tree or otherwise buy services until you know what your insurer is going to provide assistance to you.