The situation is all too common. Although insurance is essential when owning a home, it doesn't cover everything. Most of us aren't insurance experts and sometimes we don't know enough to ask the right questions. And let's face it, who even reads the policy itself?
We found this story on the internet but it is true. Your insurance company will not cover preventative maintenace. That is why it is important for you to set a budget for tree maintenance.
A couple of years ago, a tree fell on my house causing some damage. My insurance company paid for repairs. They also paid to remove the tree. When I asked whether the company would help cut down the other dangerous trees, the adjuster said "no." He told me insurance will only pay when a tree falls and damages the house.
My face contorted in a bemused fashion like a third grader who doesn't understand negative integers. It made no sense. "Let me get this straight," I said. "Insurance won't pay a couple of thousand dollars to have the remaining trees cut so they don't do any more harm, but it will pay $120,000 if the trees fall and damage the house?"
"Yes," was the answer.
"Doesn't seem cost-effective," I said.
"No, it doesn't."
