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Published on Jun 18, 2015
Homeowners insurance is important to protect what is for many people one of their biggest assets, their home. It is also required by most mortgage lenders. A standard homeowners insurance policy typically covers the home and personal property, but most have important exclusions. These may include damage due to natural disasters such as flooding, earthquakes, tornadoes and hurricanes.
Each year, billions of dollars are paid to settle insured property damage claims. While most people hope they never have to file a claim for damage to their home, statistics show that as recently as 2013, over 4% of insured homes filed a claim.
Some of the most common homeowners insurance claims revolve around water damage, fire damage, and wind and storm damage. While damage from any one of these common causes is often quite evident, these events can also create potential indoor environmental hazards that many property owners may not readily recognize. These could be due to the actual damage or result from cleanup and repair activities. A partial list of these potential indoor environmental hazards may include the following: • Electrical Hazards • Leaking Gas Lines • Carbon Monoxide • Smoke and Soot Residues • Mold • Bacteria • Viruses • Chemical Contaminants • Asbestos • Lead Dusts
For those facing a property damage claim to their home, there are steps that should be taken. Promptly notify your insurance company and make a detailed inventory of any damaged property. There are professionals who work on the behalf of policy holders known as public adjusters who can help in these situations and deal with the insurance company for the policy holder. Indoor environmental quality professionals can also help to assess if there are any existing hazards or potential future indoor environmental hazards that could result from the property damage.
These are just a few things to consider regarding some common property damage claims and related indoor environmental concerns. To learn more about this or other indoor air quality, health and safety, occupational, environmental or property damage issues, please visit the websites shown below.