Homeowners insurance won't cover our issue! PAIN!

Real Estate Agent · Salt Lake, City · Member since 2019 · 42 posts · 10 votes

What have been your experience with your Homeowner Insurance? We have had issues with Farmers insurance covering 'wind driven rain' flooding our home. What do you look for in a policy and what (if anything) should we change when the primary turns into a rental?

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Rod HanksBusiness Member

Insurance Agent · Dallas, TX · Member since 2013 · 743 posts · 462 votes

Wind driven rain is pretty standard on most homeowners policies. It’s covered as long as the reason for the opening was due to the wind or other covered peril. If you just leave a window open and it rains and damages your property that won’t be covered, but if a wind gust blows the window out and rains comes in as a result that would be covered. I would be interested to know the reason they denied your claim.

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Cameron MoorePro Member
Insurance Agent · DFW, TX · Member since 2021 · 348 posts · 245 votes
4y
Yes absolutely, find an insurance broker (independent agent) in CA to shop the market and make them aware of Farmers' kick back on your claims to make sure they find an option expecting that sort of loss.
[email protected]682-593-4016
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Bo Bond
Insurance Agent · Plano, TX · Member since 2021 · 127 posts · 94 votes
4y
Nathan,

In my opinion, no matter the agent or carrier, an investor should really be looking for a commercial special form policy or a DP-3 special form policy. Special form policies provide the broadest level of coverage you can find with an insurance carrier. In these forms, anything that is not specifically excluded in the policy is covered. With a policy like this, you need to read the policy itself, but certainly need to read the exclusions and their exact wording. Many of them will be standard exclusions that you and any agent would expect, and can review quickly. However, there may be a few that you need to discuss further before binding a policy. Some carriers may be flexible and remove the exclusion if you request them to, while others may not. Then some exclusions will likely never be removed.

Below are other items to review & consider:

* Make sure you're limits are as current and accurate as possible.

* Understand how co-insurance and actual cash value "might be" applied to your dwellings at the time of loss.

* Understand your deductibles and how they would apply at the time of loss (especially your hurricane/wind/hail deductible).

* Keep in mind that most policies do not automatically provide coverage for flood or earthquake damage. In most cases, these would have to be purchased as separate policies, or be added to your current policy upon request w/ additional premium.
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Rod HanksBusiness Member
Insurance Agent · Dallas, TX · Member since 2013 · 743 posts · 462 votes
4y
Wind driven rain is pretty standard on most homeowners policies. It’s covered as long as the reason for the opening was due to the wind or other covered peril. If you just leave a window open and it rains and damages your property that won’t be covered, but if a wind gust blows the window out and rains comes in as a result that would be covered. I would be interested to know the reason they denied your claim.

Rod Hanks Insurance4.9155 Reviews
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