The cost of owning and repairing a home can quickly add up, which is why having homeowners insurance is so important. Some lenders even require Washington homeowners to have coverage. But what does the average homeowners insurance policy actually cover? Perhaps somewhat less than what most people think.
Insurance law and long-term disability benefits
Life might have felt predictable before you got hurt, but now you are left trying to figure out the right path forward. If you can no longer work because of your injury, that path may include long-term disability benefits. Insurance law in Washington and across the country does not make it easy for you to navigate this system, though. You may want to consider some of the following when claiming benefits.
Renters insurance provides helpful coverage
Renters rely on their landlords for repairs around their houses or apartments. Since a landlord is usually just a phone call away, the average renter in Washington might not think that he or she needs renters insurance. But renters insurance is not like homeowners' insurance. It is not for damages or repairs to the property, but things like possessions or injuries that happen on the property.
Insurance law and your disputed homeowners claim
Your home is probably the biggest purchase you will ever make. Protecting that investment is important to your current well-being as well as your future financial success, so you made the smart decision to purchase homeowners insurance coverage. But you might not have realized that insurance companies rely on what you do not know when offering you coverage, and later when denying your claim. Washington's complicated insurance law does not make this any easier.
Insurance companies may not cover facility fees
Patients want to know what they are paying for before they receive care, but few are actually given that information. This is because more and more people in Washington are having to shell out for much more than just their copays. Facility fees are driving up the cost of seeking medical care, and they are becoming more and more common.
