Does Homeowners Insurance Cover Power Surge Damage?

Homeowner's insurance policies, specifically personal property coverage, typically cover damage to devices and appliances caused by a power surge – but only if the power surge occurred in a particular manner.

Understanding how power surges arise is critical to protect yourself from one. We'll go over the basics of power surges and insurance, as well as preventative measures you may take to safeguard your devices and appliances from the damage they cause.

COVERAGE FOR PERSONAL PROPERTY DAMAGE CAUSED BY ELECTRICITY

Typically, homeowners insurance policies contain a variety of coverage options. Personal property coverage is critical, as it may assist in replacing your items if a covered risk damages them. If power surges damage or destroys your devices and appliances, personal property coverage included in your homeowner's insurance policy may help protect you – up to the policy's limits. However, coverage varies by policy, so it's critical to study your policy or contact your insurance representative carefully.

According to the Insurance Information Institute (III), some — but not all — homeowners' policies cover power surges caused by direct lightning strikes on your property.

According to the III, most homes policies protect against abrupt, accidental harm caused by man-made energy. However, the III cautions that some insurers exclude coverage for tubes, transistors, and other electrical components. Examine your policy details to see what is and is not covered in your house.

For instance, if an appliance overheats and dies due to a power surge, your homeowner's insurance policy may assist cover the repair cost. Additionally, homeowners insurance may cover you if a power surge damages the electrical components of your television, entertainment system, or laptop.

Procedure for Filing an Insurance Claim for Power Surge Damage

If you sustain damage due to a power surge, you can file a claim with your insurance carrier to recoup your costs. Create an inventory of the electronics (and other personal property) in your home ahead of time if you need to reference it to file a claim. Not only will this assist you in determining the appropriate amount of coverage, but it will also make submitting a claim easier.

ADVANCE PLANNING AND SURGE PROTECTION

It's critical to maintain an accurate inventory of your personal belongings if you ever need to make a claim. A thorough house inventory can assist you in determining whether you have adequate insurance. Additionally, it can make it easier to file a claim if the need arises.

Finally, there are preventative measures you may take to assist in safeguarding your house. The III recommends that you establish a lightning protection system and utilize surge protectors. Consider unplugging appliances susceptible to electrical items such as computers during a storm.

Naturally, no one wants to have their devices or appliances fried during a power surge. However, having protections in place — and being familiar with the terms and limitations of your homeowner's insurance policy — can provide some peace of mind in the event of a loss.