There is a certain type of coverage option that is often included in a standard homeowners insurance policy that many people are not aware of˳ It is called the good neighbor property damage coverage˳ For people who have it, and many do, it will provide you terrific protection for damage caused to your neighbors home that you would be considered liable for˳
How does it work? Simple˳ Coverage is provided for damage caused to a neighbors home by you cutting down a tree and having it smash in their fence˳ Or, coverage is provided if your kids are playing ball in the front yard and a ball goes through a neighbors window˳ Surprisingly, coverage is provided even if your neighbor can prove that your kids did damage to their home intentionally˳
Damage caused to your neighbors house by pets is also covered with this good neighbor property coverage˳ If your dog chews a hole in their fence or gets into your neighbors home and destroys their carpet or furniture, you are covered˳
The amount of coverage provided varies from insurance company to insurance company but most coverage limits are between one thousand dollars and two thousand dollars˳ The best part about it is there is no deductible that needs to be paid when making a claim˳ Simply contact your insurance company and explain what happened˳ Sometimes you will have to come out of pocket to repair the damage, then wait for reimbursement˳ Other times, the check will be sent out immediately once the damage to your neighbor’s home is assessed˳
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