Getting the most out of our home insurance will depend on how aware we are about the coverage and guarantees that we have contracted. Many policyholders are unaware of the real scope of their policy, assuming repair costs that the insurance company could bear. In addition to legal defense, digital erasure or online will service, coverage known as cosmetic damage could also be included in your policy. At Uworld Inurance Group we explain how you can benefit from it if you need it.
As its name indicates, cosmetic damage in a home insurance policy corresponds to damage caused by a previous accident that affects the aesthetics of a specific place. A fire, a broken pipe or leaks in the home are examples of losses that could cause alterations in the original characteristics of the residence.
It should be noted that for the insurance company to assume the damages, it will be essential that these have been the product of a previous contingency. Likewise, it will be necessary to make sure that, by default, the coverage is included in the conditions of your policy. Otherwise, you will have to add it. Although it is not a mandatory coverage, having it is a plus when dealing with expensive and complex repairs.
What is considered cosmetic damage?
The best way to explain it is through an example that will surely be very familiar to you. For a moment imagine that as a result of a broken pipe, your kitchen suffers collateral damage: a tile breaks or walls are damaged due to the need to chip them to solve the problem. If cosmetic damage coverage is included in your policy, your insurance company will be responsible for solving the damage caused by water and the damage suffered in furniture or adjacent areas due to the repair itself.
In what cases can we not use this coverage?
The conditions may vary between insurance companies, but in general terms we can say that the repair of aesthetic damages does not cover in the following situations:
Damages to third parties. In other words, the cosmetic damage coverage only guarantees the restoration of damages that have taken place inside the insured home. To remedy the damage caused to third parties, you will have to resort to civil liability coverage.
Regarding the aesthetic restoration of a residential complex, the repair of elements that are outside the house. Retaining walls, fences, facades and sports facilities, among others, are excluded from the coverage.
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