What is cosmetic damage in home insurance?
As its name indicates, cosmetic damage in a housing policy corresponds to damage caused by a previous accident that affects the aesthetics of the content and the container. A fire, a broken pipe or leaks in the home are examples of claims 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 it comes to dealing with expensive and complex repairs. At Allianz we are aware of this and that is why we include it in all our modalities of home insurance.
What is considered cosmetic damage?
Now, how does this coverage, sometimes known as aesthetic restoration, work? First, there are limits previously established in the policy . Thus, the arrangement, replacement or compensation of the elements altered and affected by the accident will be covered according to what is agreed in the contract. Home insurance that offers this type of coverage also includes the repair of cosmetic damage caused to the content. The tiles or bathroom furniture are some examples.
And, if the new color does not match the initial one or is it not possible to get the same tile or a very similar one? In case of not finding an identical or similar color or model, the cosmetic damage coverage will cover the replacement with totally new ones of similar qualities .
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:
If you need to recover the original appearance of any area of your home after an accident has occurred, it is best that you have a that includes cosmetic damage coverage. If you don’t know where to start, get in touch with our advisors and solve all your doubts.