Home Owners Insurance Blog

We usually feel very happy once we get an insurance cover for our home. However, how many of us have faced the situation of making a claim against our insurance. This leads us back to introspect the fact that did we read our home insurance contract before signing on. If we did read it, was it a very reader friendly document or we couldn’t make much sense of it.

In reality, home insurance contracts are extremely complex documents and lay individuals like us would hardly have the patience to read through, leave aside understanding it. The clauses are usually drafted in such a way that they have multiple meanings. Insurance companies will tend to take advantage of these clauses in cases where multiple claims pour in due to a disaster as is in the case of the series of hurricanes.

Courts would usually tend to favor the claimants as they understand that the clauses are subject to multiple interpretations and an insurer will attempt to construe the interpretations in his favor. This implies that homeowners will need to move courts to recover their claims, which is not the best situation after having your home raised by a hurricane and having no place to go.