Homeowners insurance: it’s a complicated, nuanced topic, fraught with caveats and minute differences between individual policies. None of us like thinking about it, and when we do, trying to process all the dense industry jargon is likely to lead to quite the headache!
It’s a hard topic to talk about, but an essential one to understand, especially when it comes to such household necessities as flooring. Insurance money can help you get the resources you need to live comfortably and safely.
E Hardwood and Flooring, where you can buy hardwood flooring online, is here to help. Below, we discuss simply what your homeowners insurance is likely to cover in terms of monetary compensation for new flooring.
If the damage to your solid hardwood flooring, your engineered hardwood flooring, or your waterproof wood-look flooring was caused by something stated word-for-word in your individual insurance policy, you will receive some degree of financial compensation.
However, the keyword here is individual.All insurance brands and policies are different, so it’s impossible to make blanket statements about an entire industry when every insurance company and every homeowner is in a unique situation. The only way to know for sure what you’re covered for is to consult your individual policy.
However, that being said, there are some overarching insurance industry legal requirements and trends that can point you in the right direction: