3 Ways How the Pandemic Affected Homeowners Insurance

The coronavirus or COVID-19 has disturbed every facet of our lives. From how we do our grocery up to the way we work, everything has changed. As everyone tries to adjust to the 'new normal,' people should note the things this pandemic has affected. One good example is their homeowners' insurance policy.
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Although the insurance will function normally during the pandemic, it's wise to know how current events impact it. The changing environment calls for a deeper understanding of the policy and what adjustments can be made. Here are several ways COVID-19 can affect your homeowners' insurance:

Buying a Home
Even though Americans did not stop buying or selling homes during the pandemic, the process behind it changed a bit. New homeowners need their houses to be inspected to get insurance, but the guidelines have changed.
Pre-pandemic, inspectors check the interior and exterior of the house to determine the coverage of the insurance. Now, they check the outside of the house due to social distancing guidelines, but they can still have the same coverage pre-pandemic.

Working at Home
As the states imposed stay-at-home orders, more Americans are shifting their business to their homes. Though standard homeowners' insurance covers companies' equipment, it is low, ranging from $1000 to $2500. If your machine has a higher value than the coverage, increasing the coverage can help you with you working remotely.

Handling Insurance Claims
Online filing of claims or through a mobile app is already evident before the pandemic. This kind of claim filing has increased in popularity today due to the guidelines for social distancing. It doesn't differ from the usual procedure of claim filing with having an adjuster visiting your home. However, depending on the severity of the claim, some adjusters can go to your home for a closer inspection.

Conclusion
We are all concerned about how the world will look post-pandemic. With this anxious feeling and the uncertainty surrounding it, many homeowners fear the extra costs they'll incur.

In case you have a limited budget, you might want to check on available options to keep up with the changing times. The important thing is your family and home are safe and secured with homeowners' insurance during this pandemic.

At Family Auto Insurance Agency, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (313) 285-9042 or Click Here to request a free quote.