Insurance Claims for Home Damages Caused By an Insured Party

Home Damages caused by an insured partyDamages to your home can sometimes be caused by another party, and that party may be insured. Before filing a homeowners insurance claim, it can be helpful to understand how the system works and the pros and cons of taking certain approaches. Here are some important facts about insurance claims for home damages caused by an insured party.

Importance of Fault

If your home is hit by a motor vehicle, it’s usually pretty clear who is at fault. The driver’s auto insurance company would be responsible for damages in this case. When an individual (without a motor vehicle) causes damage to your home, you could sue their homeowner’s insurance company for damages. However, fault may be more difficult to prove in a court of law.

Why is it important to determine fault for home damages caused by an insured party? Normally, if another party is at fault and they are insured, then their insurance policy would pay for damages. In this case, you would not be subject to the deductible under your own policy. If you are at fault, either partially or entirely, then the deductible will apply.

Where to File a Claim

You will need to decide where to file insurance claims for home damages caused by an insured party. This is actually a very important decision.

You can always file a claim with your own insurance company. Your insurance would then pursue the other party or insurance company for reimbursement. This is often the quickest way to get compensated for damages to your home, so that you can promptly complete repairs. However, the downside is that the claim will be noted under your insurance profile. It contributes to your claims history, which can have a negative impact on your future premiums.

The other option is to file a claim directly with the party who is at fault (assuming fault is already determined). This avoids adding to your personal claims history. However, it often takes longer to process and receive compensation.

More on Insurance Claims for Home Damages Caused by an Insured Party

If you have a simple case, it may be easier to decide what to do. If the circumstances surrounding the damages to your home are complex, as most cases are, then you may want to consult with your insurance company and attorney before taking any action. Understanding your options and reviewing all relevant information will help you take the right steps to protect your interests and rights.