Protect Your House And Insurance Rates By Getting Rid Of That Hazardous Tree
Posted on: 10 June 2015
If a storm knocks a tree over onto your home, you will have to go through a lot of steps to get the repairs you need. This can not only create a mess with your house and yard, but it could also cost you money and lead to an increase in your home insurance rates. To protect your house and insurance premiums, you may want to consider hiring a tree removal company to trim your trees and remove any hazardous trees you may have in your yard.
How much is tree removal?
The average cost to have a tree removed from a yard is $500 to $1,000. While this may seem like a lot of money, choosing to have a hazardous tree removed before it causes damage could save you a lot of headaches and problems. If this tree landed on your house, it's hard to say how much damage would be done, but you could avoid this by removing the tree before it falls.
How does home insurance handle fallen trees?
If you plan on taking a risk with this tree, there is one important thing you should find out—your insurance deductible amount. If you leave this tree and it falls on your house, your home insurance will cover the costs for removing it and repairing your house, but you will be responsible for paying the deductible.
According to Forbes, the average home insurance plan has a deductible of $500 or $1,000. If your deductible is $1,000, you will have to pay this before the insurance will pay the rest, and this would be approximately the same amount you would have paid if you had the tree removed before it fell.
How does this decision affect home insurance rates?
While home insurance companies may raise their rates yearly to accommodate for increases in the cost of living, your rates will always be lower if you do not file claims. According to ABC News, when you file a claim on your home insurance, you can expect an average increase of around 9% on your policy.
For example, if you are currently paying $1,000 a year for home insurance, your premium might go up to $1,090 next year. To avoid this increase, you should avoid filing claims if possible. In this situation, you could avoid filing a claim and dealing with a damaged house simply by hiring a tree removal company to remove that hazardous tree from your yard.
It is your responsibility, as a homeowner, to keep your trees trimmed and to remove any trees that could potentially harm your house. If you are interested in getting a quote for tree removal, contact a tree company like D & L Tree today.
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