Can I Claim My Electrical Repair on My Insurance?

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If you value your home and the contents within it, you'll protect it at all costs. When electrical emergencies arise, the bills can mount and leave you feeling disturbed. Fortunately, home and content insurance plans give you peace of mind.

Claiming the Cost of Repairs

It can be hard to deal with a malfunctioning dishwasher, fridge, or water heater. What's worse is when the repair costs a couple of hundred dollars. Home and content insurance takes care of this for you. You can claim part of your expenses from your insurance provider when you do major repair work at home. Home insurance takes care of the cost of repairing the home when it has sustained severe damage due to natural disasters. If flood waters damage your home, for instance, you could claim the cost of electrical fixes.

There are different plans available and some insurers offer you home appliance insurance as well. This type of insurance covers you for damages to home appliances. If your appliances are accidentally damaged or stolen, they will replace them with new ones.

If you're worried about electrical work or natural disasters, review your insurance and see what’s covered. Explore your options on the market to see if there's a better deal for you.

Claiming Deductions

Another important thing to remember is to claim deductions on electrical repairs when you file taxes. If floods or any other natural disasters have damaged your home, you could claim a deduction for the cost of repairing electrical wiring. If you have to replace damaged appliances, you can claim a deduction for the decline in value. If the cost of the appliance is less than $300, you're entitled to an immediate deduction.

Tips for Home Owners

If you're carrying out repairs along with improvements, you can only claim deductions on repairs. If you call an electrician to repair a depreciable asset, for instance, you could claim the cost of the repair.

If you have home insurance cover, make sure you talk to your insurance provider before you carry out any major home renovations. You might have to increase your cover to protect your home from accidental damage.

Insurance and Power Outages

Some insurance providers offer you 2, 4 or 8 call-outs per year. If you have a power outage in your home, you could call a tradesperson and get approximately $300 off for every call-out. The terms and conditions vary across insurance plans, so make sure you find out what's covered before you sign the contract.

Emergency Electrician in West Melbourne

If you're looking for a 24-hour electrician in Melbourne, don't hesitate to contact Laser Electrical Yarraville. We offer same day service in Footscray, Williamstown, Newport and Port Melbourne.

Our experienced electricians handle all domestic and commercial electrical jobs with care and skill. Whether you need air conditioning installations, lighting designs or routine maintenance, we can help you. We'll offer you the best solution for your electrical problems. Call us on 1300 761 024 for emergency electrical services. You could also visit us online to make an enquiry.

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