Homeowners Insurance Lake Arthur Louisiana

Online Quotes for Homeowners Insurance Lake Arthur Louisiana in 5 Minutes or Less!

Homeowners Insurance Lake Arthur LouisianaIf you need better prices or coverage for home insurance in Lake Arthur or the surrounding areas you can count on Jeff Davis Insurance to help make that happen!

We are a leading insurance agency in Lake Arthur Louisiana offering great coverage and pricing options for business, life, car, and property insurance in Lake Arthur.

You can call us at 337-824-4455 or in 5 minutes or less obtain quotes for car, home, renters, or landlord insurance by clicking the below links:

Expensive Lesson Learned on Home Insurance Coverage.

In a previous article we discussed a homeowner’s claim that was denied for Steve and Allison after their twin 7 year old daughters emptied 2 containers of grape juice on a super expensive Isfahan Persian Area Rug.

This particular Persian area rug was worth more than $25,000 and it was ruined by the grape juice!

The reason why the claim was denied is because the HO3 policy form does not cover this type of claim event. Let’s consider more about this now.

The HO3 Louisiana Home Insurance Policy Explained.

The HO3 or Special Home Insurance Policy Form contains 6 coverage parts we discussed in a previous article.

One of the coverage parts Coverage C –Personal Property covers our personal items such as furniture, appliances, clothing, televisions, computers and various other electronics.

The Isfahan Persian Area Rug would be classified as personal property so it would fall under the claim conditions or perils insured against under the Coverage C portion of their home policy.

How are claim event conditions defined?  Please note sample language from one policy:

Coverage C – Personal Property.

We insure for direct physical loss to the property described in Coverage C caused by any of the following perils unless the loss is excluded in Section I – Exclusions.

The typical HO3 policy lists 16 claim events that would be covered by the policy…you can read the complete list by clicking here.

A claim event is described in the policy as a covered peril.  In other words if a fire damages your furniture, fire would need to be listed as a covered peril in Coverage C for your furniture to be covered by your policy. (Fire is a covered peril under the HO3)

Unfortunately grape juice is not a covered peril in the HO3 Home Policy because it is not listed as a covered peril so the claim submitted by Steve and Allison was properly denied by the insurance company.

Ouch!  In summary, for personal property to be covered by the HO3 policy, the claim event or peril must be listed. If it is not listed no coverage would be provided.

However you should be aware of an additional Lake Arthur home insurance option called the HO5.

The HO5 – A Superior Louisiana Homeowners Insurance Option.

The H05 homeowner’s policy form in contrast does not list a specific number of perils that are insured against. 

The HO5 is sometimes referred to as an Open Perils Policy – Meaning specifically that everything is covered unless it is excluded in the policy.

The HO5 is a superior policy and if it is available it is a better alternative compared to the traditional HO3.

Call Us Today When You Need Lake Arthur Home Insurance!

Jeff Davis Insurance is a name you can trust when you need any type of insurance.

Call 337-824-4455 during normal office hours (M-F 8:30 am-4:30 pm) or click any of the below links for car, home, renters, or landlord insurance:

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