Homeowner's Insurance

[vperez1]

In october, I woke up to a bathroom full of water! There was extensive water damage all the way to the bottom floor. I apparently have two insurances- the master policy and my personal homeowner's insurance policy.(I live in a townhouse) The problem is that the master policy is the one that supposedly is responsible first and their deductible is $5.000. My personal insurance says that they cover what the master policy does not. I asked if they would cover the $5,000 and they said no, that they did not cover deductibles. Something is not right! I have two insurances but it seems like my personal policy does not want to pay anything at all. So far the total loss is 7,500 less the 5,000 deductible=2,500. Shouldn't the homeowner's pay for the $5,000 worth of damages that weren't covered by the master policy? What should I do? It seems like the homeowner's is trying to get out of paying. Please help! I am frustrated.

 

[JenniferH]

I suggest you get legal advice from a local attorney. They usually have a free consult. This problem seems too complicated and legal to be getting advice from this board.

Good Luck,

 

[No lo gonna go]

You don't need an attorney. You need to learn to read. It's your policy- if you don't like the coverage it provides, then you should have looked elsewhere. Why should an insurance company pony up coverage YOU HAVEN"T PAID FOR!!!!!?????!!!!!!!

Tough luck that you learn your lesson the hard way. Welcome to life. If you want to waste some more money, go hire an attorney to tell you nicely that you are a knucklehead. But you might be better served by using those duckies to buy insurance with lower deductibles, or supplementary insurance (AFLAC-quack) that picks up all out of pocket costs. Either way, the time to find out what coverage you have is when you sign for the policy, not when you need to make a claim.