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When Your Power Is Out Does Homeowners Insurance Kick In?

When Your Power Is Out Does Homeowners Insurance Kick In?

When Your Power Is Out Does Homeowners Insurance Kick In?
News from TheStreet.com:

At best a power outage is a minor inconvenience that gives the family a chance to eat by candlelight and the kids an opportunity to discover a world away from the TV and computer.

But power failures that last for days wreak havoc, especially in the dead of winter or at the peak of a summer heat wave. Whether homeowners insurance covers the consequences of a power outage depends in part on how the outage occurred, where you live and the fine print of your home insurance policy. (See: “Hurricanes and insurance: 5 must-know facts.”)

Generally, the likelihood of coverage is greater if the outage is a direct result of a problem that occurred on your property, such as a lightning strike or fallen tree, than if the outage is the result of a widespread blackout, says David Colmans, executive director of the Georgia Insurance Information Service.

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Home insurance companies vary in how they handle coverage for power ou…………… continues on TheStreet.com

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