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Home insurance and storm damage: how the 55mph storm damage definition could affect you

The article from MoneyWeek discusses how the definition of "storm damage" can significantly impact home insurance claims. It explains that insurers often have specific criteria for what constitutes a storm, typically involving high winds, heavy rain, or snow, but the exact thresholds can vary between insurance providers. This variation can lead to disputes over whether damage was caused by a storm or by normal wear and tear, which is not covered. The article highlights that policyholders need to understand their insurance policy's definition of a storm to ensure they are adequately covered. It also notes that insurers might require evidence like weather reports to validate claims, and policyholders should document damage thoroughly. Additionally, the piece touches on the importance of maintaining the property to prevent storm damage, as neglect can void claims. Overall, the article underscores the complexity and potential pitfalls in claiming for storm damage, emphasizing the need for clear policy understanding and proactive property maintenance.

Read the Full MoneyWeek Article at:
[ https://moneyweek.com/personal-finance/insurance/how-storm-damage-definition-affects-home-insurance-claim ]