A sudden increase in electricity, an increase in power can damage or destroy devices and appliances in no time. And with more electronics in our stores than ever, it can be expensive. Personal property coverage in the homeowner's insurance policy can help cover damaged or destroyed electronics and devices, depending on how the surge occurred.
What causes overvoltages?
According to the National Institute of Standards and Technology, energy increases can be caused by two main events: Lightning, as well as other damage, can cause an energy overload if it strikes your home, power lines, or telephone lines.
Switching shocks are caused by sudden changes in the electrical loads in your home or by the operation of the electric company.
PERSONAL PROPERTY COVERAGE FOR ELECTRICAL DAMAGE
Home insurance policies generally include different types of coverage. Important coverage is personal property coverage, which can help replace your belongings if they are damaged by a covered hazard. If power surges damages or destroys your electronic devices and equipment, personal property coverage from your home insurance can help protect you within the limits of your policy. Insurance coverage may vary depending on your individual policy. Therefore, read your policy carefully or contact your insurance agent.
The Insurance Information Institute (III) explains that some, but not all, home insurance cover surges that occur when lightning strikes your home.
Under III, most homeowners' policies include some protection against sudden and accidental damage caused by human-made electricity. However, some insurers do not offer cover for the tubes, transistors and other components with which the electronics work. Review your policies to find out what can and cannot be covered in your home.
For example, if a device overheats and dies from a power surge, your landlord's insurance can help you cover this loss. Home insurance can also provide protection if a surge damages the electronic components of your television, entertainment system or laptop.
OVERVOLTAGE PLANNING AND PROTECTION
It is important to have an adequate inventory of your belongings in case you need to make a claim. A detailed home inventory can help you decide if you have sufficient insurance. It can also make it easier to file a complaint if you need to. Finally, you can take proactive steps to protect your home. The III suggests installing a lightning protection system and using surge protection. In the event of a storm, you should consider disconnecting devices from the mains, especially more sensitive electronic devices such as computers.
Of course, nobody wants their electronics or devices to be fried in a wave. However, if you have current protection and know the conditions and limits of your home insurance coverage, you can calm down in any case.