Are chimney repairs covered by insurance?

Homeowners' policies typically come with a number of coverage options. Are chimney repairs covered by homeowners insurance? That question, asked many times before, has a simple answer: "It depends." In other words, it really does depend on what kind of policy one has and what policy says. Coverage varies from homeowner to homeowner, depending upon the contract they signed when buying the house.

Homeowners' policies typically come with a number of coverage options. For example, some will pay for fire damage up to $500; others pay more than that. Though some newer ones do, most homeowners' insurance policies do not cover damage due to floods, earthquakes, or other natural disasters. Some policies cover damage caused by wear and tear, which includes chimney cracks, but these are rare.

Are chimneys repaired through this? 

Homeowner's insurance usually covers these repairs if the home is insured for it under a specialized type of homeowners policy called "guaranteed replacement." This coverage is meant to protect against catastrophic damage that an insured peril could cause under the terms of the policy that the small cost of repairing would probably not be considered worth fixing. However, if there was no such special policy available, someone may have to pay for these damages out-of-pocket.

This means that the homeowner's insurance company can issue a check for the cost of replacing or repairing the chimney. There are many things that insurance companies may not cover. What about chimney repairs? It's important to understand the answer before you call your agent and ask for a claim because if there is coverage, you can save money by having an expert do it.

Whether you need a chimney repair or another type of home improvement. Please contact an Asheville chimney repair professional. For all insurance advice about what is listed above or any questions please contact an insurance company.