Bitter cold and snow didn’t keep our agents from providing excellent service! We’re proud to honor our top agents from February: take a look!
Ever wonder how insurance works if a tree in your yard falls into your neighbor’s yard and causes damage? Or, if your neighbor’s tree falls into your yard? Here are some basic ways in which typical insurance policies work in these situations.
Your tree falls onto your neighbor’s house, causing damage…
You are liable for the damage and removal of the tree if the tree was known to be diseased, or the stability of the tree was otherwise compromised. The liability section of your homeowner’s insurance policy would respond to cover you in this case. If the tree was healthy, you are not liable and your neighbor’s insurance would have to provide coverage for this.
Your own tree falls on your property, damaging your home or automobile…
The damage to your home or automobile would be covered (less the deductible). Removal of the tree would be covered up to the sublimit in your policy only if the tree was on your home, car, or blocking your driveway.
Your neighbor’s tree falls onto your house…
Again, if the tree was known to be diseased, or the stability of the tree was otherwise compromised, your neighbor’s liability insurance would respond. If the tree was healthy, your neighbor was not negligent and neither he nor his insurance would then be responsible. Your homeowner’s insurance (less your deductible) would respond.
The value of the trees themselves are rarely covered (unless damaged by fire, lightning, explosion, riot, vehicles [not owned by you] vandalism or theft). Wind is the most frequent cause of loss for trees and wind unfortunately is not a covered peril. The sublimit for the value of the tree itself, if covered, is usually about $1,000.
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Way to go, George! We’re so excited to see your episode!
For more information about the George Medina Team, visit his website.
Join us March 1-2 for a company-wide drive to benefit Big Brothers Big Sisters! We’re accepting gently used clothing, books, kitchen items and small household items. You can also drop off your donation at your local Reece & Nichols offices through March 7.
It’s a great time to get out of the house; why not support your community at the same time? Plan your route today!
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Why to Reece Commercial, of course! We’re excited that Dan Sight, Vice President of Reece Commercial is chairing the Real Property Operations Committee of the NAR.
This committee “oversees the leasing and management for the association’s three properties,” in Cincinnati, Washington, DC and Chicago.
Most exciting, though? Dan will play a pivotal role in the creation of a new NAR headquarters in Chicago.
“At the end of the day, if we do complete this project, we’ll end up with 180,000 square feet of Class A office space in Chicago, free and clear, living rent-free as an association,” he said. “And that’s pretty cool.”
Welcome to the agents who joined Reece and Nichols in January 2014!
Visit ReeceAndNichols.com to contact an agent today!