There is a certain type of coverage option that is often included in standard homeowners insurance that many people are not aware of. It’s called the good neighbor property damage coverage. For people who have it, and many have it, it offers you great protection against damage to your neighbor’s home for which you would be held liable.
How does it work? Easy. Coverage is provided for damage to a neighbor’s house caused by you cutting a tree and slamming it into their fence. Or cover will be provided if your kids are playing ball in the front yard and a ball goes through the neighbor’s window. Surprisingly, coverage is in place even if your neighbor can prove that your children intentionally damaged their home.
Damage to a neighbor’s house caused by pets is also covered with this good neighbor insurance. If your dog chews a hole in his fence or breaks into your neighbor’s house and destroys their carpet or furniture, you’re covered.
The amount of coverage varies from insurance company to insurance company, but most coverage limits are between a thousand dollars and two thousand dollars. The best part is that there is no deductible to be paid when making a claim. Just contact your insurance company and explain what happened. Sometimes you first have to come out of your own pocket to repair the damage and then wait for compensation. In other cases, the check will be sent immediately as soon as the damage to your neighbor’s home has been determined.