Home insurance is a necessity when preventing significant financial losses caused by damage to your home. The payout from a home insurance claim can help cover the cost of repairing your home or replacing furniture or appliances. Leftover money from home insurance claims can be kept if you’re entitled to it per your policy.
Before the check is written, insurance companies send a claims adjuster to assess the damage to determine the payout amount. Having the knowledge of what your home insurance policy provides in the case of extenuating circumstances can give you the confidence that normalcy can be restored.