Do you know about - Home Owners assurance and Trees - You Love Them Your assurance business Hates Them
Compare Auto Insurance Companies! Again, for I know. Ready to share new things that are useful. You and your friends.Coverage for damage caused by trees and for the trees themselves is one of many confusing areas of a Homeowners guarnatee policy.
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Your neighbors' tree falls and damages your garage, shed and fence.
Will guarnatee pay for the damage?
Whose guarnatee should pay?
What will they pay for?
A tree falls in your yard.
Will your guarnatee course pay for it to be removed?
Will it pay for a new tree?
A tree limb breaks from wind or a lightning storm and is dangling over your house.
Will your guarnatee course pay for it to be removed?
What if it's hanging over a neighbor's house?
A tree falls on your car.
What course will cover the damage to my car?
Is there coverage for the tree removal?
First, the basics; it does not matter whose tree it was. If there is damage to your property (from anyone's tree) your guarnatee course is the one to respond. If there is damage from your tree to a neighbor's property, their guarnatee course is involved. If there is damage to both properties (from anyone's tree) both policies will be involved and each will deal with its own property only.
The only time a Homeowners guarnatee course should be involved with damage to man else's property is if there is liability involved. That is if the tree was rotten or leaning and should have been removed or trimmed prior to the damage occurring. Even then the damaged properties guarnatee course will commonly pay for their customer's damage and then try to recover their money from the tree owners' guarnatee company.
Second, the important notice for coverage is; what is physically damaged. If a tree, or part of a tree, falls and does not damage any real property there is no coverage. Real property is any building, structure or contents item it does not consist of land, landscaping or plants of any kind. A fence, shed, patio, driveway, swing set or motorcycle would count as real property.
If a tree falls into your yard and does not cause any damage to the home or any other real property then there is no coverage to remove the tree or for any cleanup. Sorry!
If there is damage to anything such as a fence then the course should cover repairs or exchange of the damaged item(s) and also limited coverage for removal of the tree. To make this even more confusing; the tree removal coverage is divided in 2 phases.
Phase 1: Getting the tree removed off of the real property is covered with no sub-limit. That is if a tree is on a storehouse shed then the first stage of tree removal is to remove it off the shed so repairs can be made. The only limit for this part of the removal is the coverage limit on this section of your policy; in this case the Other Structures coverage.
If the repairs to the shed and the tree removal combined are greater than the coverage ready then there is an further coverage ready for debris removal. This is 5% in most cases, so if you have ,000 coverage on Other Structures you can have up to ,500 for the repairs and tree removal cost.
Phase 2: The second stage of tree removal is removing the tree debris off the premises. This part is limited to 0 or ,000, this limit can vary by guarnatee company, course type and state involved.
Third, the tree itself is covered in clear limited circumstances and for a limited whole only. The tree is not covered for wind or hail damage but is covered for damage from fire, lightning, explosion, vandalism and car damage (as long as it was not a car driven by members of your family). The limit is typically 0 per tree but can be more on some policies and in some states.
Fourth, If a damaged tree is leaning toward your home or dangling precipitously over your home what is covered? Assuming that part of the tree has not damaged real property then there is No coverage. Even if another tree or part of the same tree has caused damage.
It is your accountability to safe your property. The guarnatee course only covers damage, Not possible damage. The same is true if one of your trees is dangling over man else's property, no coverage for possible damage.
If you ignore the situation and the tree later falls and causes damage to the neighbor's home their guarnatee will cover their damage. They will then want to recover their money from your guarnatee company, or you. This is called subrogation.
If the later damage occurs to your home your guarnatee enterprise could try to deny coverage because you did not safe the property.
The Homeowners guarnatee course covers sudden and accidental damage it is not a maintenance policy.
Finally, damage to any automobile will only be covered on the auto course (then only if you have comprehensive coverage). The tree removal will not be covered by your Homeowners course unless other real property was damaged.
See our websites mentioned below for more information. You can send direct questions or read what other homeowners have asked.
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