If you own a home, chances are at some point you’ll need to have your windows replaced. While this is a common home improvement project, however, it can be pretty costly, especially when the need arises out of an emergency. Storm damage restoration is typically covered by home insurance policies but can they really help you replace your broken windows?
Here’s what you need to know, according to Renewal by Andersen® of Memphis, one of the country’s leading window installation companies:
Homeowner Insurance Basics
Luckily for homeowners, your homeowners insurance can pay for your broken window replacement. However, this is entirely dependent on the type of insurance that you have as well as the situation that broke your windows in the first place. When you’re getting a homeowners insurance policy, you can choose between open-peril and named-peril policies. According to experts, open-peril policies cover damages that are caused by many types of risks, meaning that with this kind of insurance, you’re more likely to be covered.
Named-peril policies, on the other hand, can leave you uncovered as they only cover perils that are specifically listed in the policy, such as accidents and damage caused by maintenance neglect. With that in mind, if you want your homeowners insurance to help you replace your broken windows with energy efficient windows, experts recommend that you obtain an open-peril policy for your home.
Instance When You Might Not Be Able to Make a Claim
While the cause of your broken window may fall under the coverage of your insurance policy, keep in mind that there might be an instance when you can’t make a claim. According to professionals, if you have a deductible, you might have to pay out of your own pocket for some of the replacements. This is especially true if you have a high deductible policy to lower your insurance premiums and the cost of the window replacement is relatively low.
Planning to install ENERGY STAR® windows for your home? Don’t hesitate to turn to Renewal by Andersen of Memphis. When it comes to window replacement and installation projects, we are the leading service provider to approach and we won’t let you down! Give us a call at (901) 979-4460 or fill out our contact form to schedule a FREE consultation.