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Homeowners should know their options after storms

7/17/2017, 9:44 a.m.
Following severe summer storms, the Illinois Department of Insurance (DOI) wants Illinois families to know the range of options they ...
The city of Joliet is responsible for cleaning up downed limbs and other debris from trees damaged in storms; residents who mix private property debris with it risk not having any of it removed.

Standard homeowners policies do not cover damage due to mine subsidence unless you paid an additional premium for a mine subsidence endorsement.

Earthquake

Standard homeowners policies do not cover damage due to earthquakes unless you paid an additional premium for an earthquake endorsement. If you do not have earthquake insurance, any damage that can be directly attributed to the quake would not be covered.

If you purchased an earthquake coverage endorsement, your company will assign a representative to evaluate your damage. If you did not purchase earthquake coverage, you should ask the representatives at the local disaster application center or the toll-free disaster tele-registration hotline if you are eligible for financial assistance.

Homeowners insurance contracts generally have a stated deductible (e.g. $250) for claims such as fire and theft. The deductible for earthquake coverage is a stated percentage (e.g. 5%) of the amount of insurance you carry for each coverage under the policy.

If, for example, a homeowners policy provides $100,000 of coverage on the dwelling, $50,000 on the contents, and $10,000 on an unattached garage and the earthquake deductible is 5%, there would be an earthquake deductible of $5,000 on the dwelling, $2,500 on the contents and $500 on the unattached garage.

Since all insurance contracts are not the same, you should ask your insurance agent to review your policy and earthquake deductible.

If people still have questions about their coverage, DOI has developed a useful resource center at http://insurance.illinois.gov/HomeInsurance/consumerHomeowners.html. Should someone want to speak with DOI staff members, they can call 866-445-5346.