Homeowner’s insurance in the state of Louisiana is very much like homeowner’s insurance in other states. Louisiana is a state that borders the Gulf of Mexico and the Mississippi River, but it also has many other natural attractions and is subject to all types of weather and storm events. Many of the homeowner’s policies reflect the living conditions in the state, but for the most part they still offer the same basic coverage as the rest of the US.
What Louisiana Homeowner’s Insurance Covers
Homeowner’s insurance is optional for those who own their properties outright, but is generally required for owners who have mortgages or liens on the property itself. The insurance covers a wide range of issues that include, but are not limited to the following:
- Home or Dwelling Protection
- Separate Structures such as Storage Sheds, Barns, etc.
- Personal Property
- Additional Living Expenses
- Personal Liability
- Water Backup or Leak Damage
- Medical Payments for Injured Guests and More
While called homeowner’s insurance, it really covers the entire property which means that damage to separate structures such as your storage or garden shed may also be protected. Plus, your personal property which is damaged by storm, fire, or other cause that is covered will be reimbursed as well. Your insurance also has protections that include additional living expenses which means you can rent or pay hotel expenses if your home has been damaged to the point of being unlivable. And, you can pay for the medical expenses of guests who have been injured while on your property.
Although much of Louisiana is subject to flooding caused by storms and hurricanes, it is not a part of homeowner’s insurance policies. Flood insurance must be purchased separately and is recommended if you live along the coast, near bodies of water, or if your home is in a low-lying area that tends to flood during a storm. However, damage caused by wind or debris from a storm is usually covered by homeowner’s insurance.
How It Works for You
If your home or property has been damaged by one or more of the conditions described above, the first step after stopping the damage is to contact your insurance company. While most homeowner’s insurance companies offer similar policies in handling claims, there are differences that your insurance company can guide you through so that everything is done correctly.
For most claims, you must get at least one estimate from a recognized repair or restoration company who will correct the damage that has occurred. With some insurance companies, you might have to get three estimates from different companies. In addition, a claims adjuster might inspect the home to verify the damage that has occurred.
Your claim will either directly take care of or reimburse you for the expense of having your home repaired. For additional living expenses, personal liability, and medical payments for injured guests, the insurance will cover the bills that are generated. This is why it’s important to consult with your insurance agent for more information about how homeowner’s insurance works in the state of Louisiana.