Does Home Insurance Cover Fence Damage

April 15, 2024

Home insurance is a liable financial entity which protects your home or property when it is damaged or destroyed by something your policy covers such as fire or storm.

Types Of Home Insurance Coverages

Home insurance coverage policies combine several types, specifically in Texas, including:

Dwelling Coverage

Dwelling coverage is the part of your homeowner insurance policy that enables rebuilding or repairing the physical structure of your home if it is damaged by a covered hazard.

Personal Property Coverage

This type of insured coverage pays for you furniture, clothing or other personal items that you own which are stolen, damaged or destroyed.

Other Structures Coverage

This type of insurance coverage pays to repair structures on your property which aren’t attached to your house. This can include detached garages, storage sheds, fences, etc.

Additional Living Expense Coverage

This pays for the time when you have to temporarily move while your house is being repaired to fix any damages that your policy covers. Additional living expenses can include rent, food and other costs you wouldn’t have if you will be in your home.

Personal Liability Coverage

This type of insured service pays for bills, lost wages, and other costs for people you are legally said to injure. Additionally, it also pays on your behalf if you’re said to be responsible for damaging someone else’s property. This also pays for your court costs in case you are sued because of an accident.

Medical Payments Coverage

This pays the bill for people who are hurt on your property. This can also cover for injuries which are done away from your home, by a person or pet.

What Type Of Damage Is Included And Excluded In Home Insurance

Fences are usually included in coverage plans as they are part of the residential property. However, each house is insured on a different policy and plan. Most homeowners’ policies encompass a variety of coverages such as dwelling protections and other structures. However, not all damage is treated equally in the eyes of an insurance policy. Homeowner insurance policies often exclude certain types of damages that are caused by termites, mold, or simple neglect. Knowing the excluded insured conditions can help you make an informed decision on both fence type and how you maintain its structural and functional integrity. Texas weather is an unexplained journey for all residents, insurance can be a valuable asset in terms of extra protections providing you peace of mind when the sky turns gray. Hence, as a homeowner or rent payer, it is important to read through the insurance contract to know your personal liabilities and claims.

Understanding Replacement Cost And Actual Cash Value

While insurance policy covers for damages, each one can have a distinct way of operating.replacement cost value offers coverage to rebuild or repair your fence as its actual cost without calculating depreciation. However actual cash value factors in the age and condition at that time. It is, thus, important to thoroughly go through the terms and conditions of your insurance policy to understand your personal expectations and goals.

Final Words

Southland Fence & Supply can guide you on the right insurance information used across Houston TX. Call us at (281) 355-0707 for booking our services!