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The term “Anti-Current Causation” sounds so complex many homeowners would simply ignore anything that followed. However, like most small print related to your insurance, it's actually important to understand, especially when obtaining a new home insurance quote or comparison shopping.
The Anti-Concurrent Causation clause is contained in many homeowner policies and may severely limit or restrict the amount of funds paid out in the event of a wind and water-related claim. Essentially the clause limits the amount of coverage to correspond to the flood damage when wind and flooding both act concurrently to cause damage to a property.
When shopping for a home insurance quote, be sure to ask the following questions so you can better understand the Anti-Concurrent Causation clause and how it could affect your finances in the event of a major storm.
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Jerry Mayo |