Unlike planned window replacement projects, homeowners are often caught without a budget for replacing broken windows. There are qualifying situations that allow homeowner’s insurance to pay for the repair costs. In this blog, Renewal by Andersen® of Denver takes a close look at these situations.
Cause of Window Damage
There are two types of policies that cover broken windows: named-peril and open-peril policies. Named-peril policies cover specific losses as listed in the policy. On the other hand, open-peril policy covers damage caused by many different types of risk. This type of policy may have exclusions listed. Damage caused by hailstones and storms are generally covered by both types.
If a window breaks because of an accident, like a baseball through the window, you may have to pay for the new windows out of your own pocket—unless, of course, whoever caused it is willing to pay for the damage.
Paying the Deductibles
It’s important to set your expectations about the payout if your window replacement costs are eligible for coverage. You can always count for some out-of–pocket expenses for window replacement because of deductibles, which will vary depending on the policy you signed up for. For example, if you signed up for a high-deductible policy because of the lower premiums, your out-of-pocket expenses will be a significant portion of the replacement cost.
Normal Wear and Tear
All types of insurance policies exclude coverage for normal wear and tear because care and maintenance is the homeowner’s responsibility. If you keep your windows well-maintained, you are more likely to be covered in case of damage. However, damage arising from lack of maintenance, such as leaks caused by neglected window seals, have less chance of being covered. If you’re not sure what your homeowner’s insurance covers, or if you are looking into upgrading your insurance coverage, your insurance provider should be able to answer your questions.
Renewal by Andersen of Denver is your leading provider of replacement windows. Give us a call at (303) 823-4312 (in Denver) and (719) 419-5496 (in Colorado Springs). You can also fill out our contact form to schedule an appointment. We serve customers in Denver and surrounding areas.