For many American families, the household income has taken a turn for the worse due to the recent pandemic that has plagued much of the world. If you are unlucky enough to fall victim to this trend, you may have been scavenging for ways to save money on household expenses such as groceries, auto loans, and mortgages. But homeowners insurance is an often overlooked expense, with higher costs taking precedence.
How has COVID-19 affected my homeowner’s insurance?
If you’re following governmental protocols by staying at home as much as you can, chances are you have or are currently working from home, as well as children and teenagers resuming virtual in-home schooling. Chances are that the coronavirus has impacted how much insurance you need. For example, if you or your spouse works from home and a client visits your home and is injured in the process or if one of your children’s electronic devices(iPad, Laptop, etc.) for school use is broken at home, you will need to make sure your current policy covers these situations.
Filing claims
While adhering to safety guidelines is beneficial and important, it can be a challenge for certain activities that usually have always been made face to face, such as insurance claims. However, due to the ever-evolving communication via technology, important events can be attended virtually. Most insurers have gone down this path and can perform insurance claims remotely without violating safety precautions, assuring you and your family is safe from outside threats. It is worth noting that this process can sometimes take longer than usual as long as social distancing is taking place.
Can’t pay your home insurance?
Insurance companies are willing to help if you need assistance as long as you contact them directly and tell them of your situation. Remember that the earlier you contact your provider, the better. Failing to do so could result in issues with your policy. Countless home insurance companies have announced plans to assist homeowners struggling to make ends meet. Also, state regulators have noted the financial stress that the pandemic has caused and are stepping up to make sure you’re protected.