Power surge insurance typically pays a limited amount for damage caused by power surges. Power surge isn’t the same as normal electrical usage such as turning on a light or TV, which will cause your gadgets to break down over time.
Most homeowners insurance policies will pay up to $1,000 per appliance or electronics item that was damaged by a power surge and up to $5,000 total on all of these items throughout an entire home.
If you have had to make a homeowners claim due to a power outage and your rates have jumped up, shop around to see if you can get better rates out there. Compare at least three rate quotes and see if another home insurance provider can offer you a better annual premium.