Many homeowners are covered for something that often happens through their home insurance policy and don’t even know it. If they were aware, they could save a significant amount of money if their children, pets or themselves cause damage to a neighbor’s house. It’s called Good Neighbor Insurance Coverage, and it’s included in virtually every homeowners insurance policy out there. The details of the coverage option vary a bit, but generally speaking, this is how coverage works.
If your children are damaged at your neighbor’s house, all you have to do is call and file a claim. The best thing about this coverage is that there is no required deductible and you get your money immediately after the insurance company has had a chance to see the damage to your neighbor’s house. Depending on who your homeowners policy is with and how much protection you have chosen, your maximum payment on a Good Neighbor claim will be around $1000 or more.
It even covers damage that your children do intentionally, as long as they are under a specific age that is named in the policy. It also covers any damage your pet might do like a dog chewing up the walls of your neighbor’s house. Of course, it covers any damage you cause while gardening or playing with your children. No matter what the exact cause, good neighbor coverage will take care of you and handle your payment without a deductible. Don’t forget you have it.