While a person is moving, the chances of misplacing and damaging their belongings are high and most people wonder if their insurance carrier will cover the losses for them in such circumstances. The reality is that homeowner’s insurance generally only covers the loss or damage to personal possessions when they are related to some form of peril.
Peril means anything that causes high risk such as theft or a house fire. If a person is moving and their belongings are stolen from the truck, then that comes under theft and may be covered by the insurance carrier as well. The insurance carrier may also be able to cover a person’s damages if their belongings were damaged due to a moving truck accident.
To understand how much coverage a person will get, they will have to know their deductible. The deductible amount is removed from the total amount a person needs based on other factors such as the limit of their home insurance policy.
In New Mexico, a person can opt for the type of insurance they want. Insurance options generally include:
- Dwelling coverage
- Liability coverage
- Personal property coverage
Dwelling coverage helps protect the home and the other structures that are directly attached to it. Personal property coverage includes protecting damaged belongings after a peril such as a fire. Liability coverage helps protect a person if they are responsible for someone else’s injuries.
Anyone who needs to sign up for insurance or make an insurance claim should get in touch with an insurance lawyer for proper legal guidance. An attorney can guide them on what insurance is best for them and what steps they should take to ensure they are signing up for the insurance they need in case of an emergency.
In New Mexico, there are often severe storms and monsoons, and a person should make sure they have the proper insurance to cover damage to their property. What most people are unaware of is that flooding is generally not covered through home insurance. A person will need to get separate flood insurance to help them cover the damages.
Connecting with an Insurance attorney in New Mexico
Anyone who wishes to get settled into their home and not have to worry about the financial consequences of sudden damage to their property should speak with an insurance lawyer as soon as possible. A lawyer who specializes in dealing with insurance cases can easily guide a person through the steps of selecting the right coverage. They can also help a person file a legal claim if the damage takes place to ensure they get a fair amount of settlement based on the contract they signed with the insurance provider.