Losing power in your geographic area is an inconvenience when it lasts a few hours, but what about when you’re left without power for several days? You may be surprised to learn your homeowners insurance benefits extend to helping you emerge from the financial hole created by an extensive power outage.
Lost Power, Lost Food
Imagine going to the grocery store and stocking up your fridge and losing power almost as soon as you’re done putting the groceries away. If the power outage lasts long enough for your food to spoil, you will have essentially wasted money and food. That is unless you have the right homeowner’s insurance policy.
Your insurance provider may offer to restock your fridge after a power outage. Some policies cover losses totaling as much as $500.
Take a close look at your homeowners policy to determine what kind of power outage coverage it offers. You never know when a long-term loss of power will strike your neighborhood.
