Hurricane Sandy has changed the lives of many Americans throughout the East Coast. The devastating storm has caused major disruptions and tragedy for businesses and families, impacting daily life as we know it. However, the rebuilding efforts have been as tremendous as Sandy, herself. From neighborhoods banding together to provide eachother support, to the incredible efforts of Manhattan’s police force, transportation and government to ensure the subway system was almost fully functional within one week of Sandy’s passing, the East Coast has weathered the storm. To ensure you are taking the right steps to rebuild, or help those that have been impacted, here are some important resources. Continue reading
Recent wind and rain storms have left many individuals puzzled over their homeowners coverage.
“If a tree on my property falls over due to windstorm and damages my neighbor’s deck, does my policy cover the damage my tree did to their home?” This is the most common question we get at William Raveis Insurance. While it is nice to be neighborly and want to take on the expense of damage your tree did, it is actually the neighbor’s homeowners policy that will pay for their loss and removal of the tree from their premises. You are not responsible (liable) for the removal of the part that fell on and damaged their property and your insurance carrier will not pay their damages. If the tree is live this is considered an “act of God” for insurance purposes.
Most homeowners assume that their insurance policies will cover trees that are felled by windstorm…and this is true. However, what most are unaware of is that there is a limitation under your home policy per tree and per loss. The limit under most home policies is $500 per tree with a total of $1000 for tree removal per loss. While there is no limit for the damage the trees do to your home, as a homeowner you should be aware …and plan ahead. If you have purchased a property with trees surrounding the house, be sure to cut back any branches that overhang the roof, gutters or infringe on power lines. Continue reading
August 13, 2010