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Taylor Morrison Home Employees: Navigating the Financial Implications of Fallen Tree Damage on Your Property

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Are Taylor Morrison Home employees responsible for the damage caused by a tree on their property that hits their neighbor’s home or other insured structure, such as a garage or shed?

In most cases, the answer is “no.”

When such damage occurs to your neighbor’s home due to forces outside your control (e.g., weather events), your neighbors may have to file a claim with their insurer to receive a reimbursement for the damage a fallen down tree caused.

There is one exception, however.

If it is determined that the tree damage stems from your negligence (e.g., dead limbs that you refused to cut down, or you chose to trim your tree as a weekend project), then the neighbor’s insurer may come after you to recover their loss—a process called subrogation.¹

You may want to check your policy or speak to your insurance agent to ascertain if your homeowner's policy covers your liability in cases of negligence.

When Neighbors Sue

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Some neighbors may seek to bring legal action against you, though often that is unnecessary.

For those working at Taylor Morrison Home, determine what municipal laws are in place to cover such instances. Generally speaking, you are not responsible unless you knew, or should have known, about the danger. Proving what you knew or should have known can be difficult and costly in a court of law. It typically benefits both parties to arrive at a compromise that avoids an expensive legal process.

The information in this material is not intended as legal advice. Please consult legal or insurance professionals for specific information regarding your individual situation.

What is the 401(k) plan offered by Taylor Morrison Home?

The 401(k) plan at Taylor Morrison Home is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.

How can I enroll in the 401(k) plan at Taylor Morrison Home?

Employees can enroll in the 401(k) plan at Taylor Morrison Home by completing the enrollment process through the company’s benefits portal or by contacting the HR department for assistance.

What is the employer match for the 401(k) plan at Taylor Morrison Home?

Taylor Morrison Home offers a competitive employer match for the 401(k) plan, which typically matches a percentage of employee contributions up to a certain limit.

Are there any eligibility requirements to participate in Taylor Morrison Home's 401(k) plan?

Yes, employees must meet specific eligibility criteria, such as being a full-time employee and completing a certain period of service, to participate in Taylor Morrison Home's 401(k) plan.

What types of investment options are available in the Taylor Morrison Home 401(k) plan?

The 401(k) plan at Taylor Morrison Home offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to help employees grow their retirement savings.

Can I take a loan from my 401(k) plan at Taylor Morrison Home?

Yes, Taylor Morrison Home allows employees to take loans from their 401(k) plan, subject to specific terms and conditions outlined in the plan documents.

How often can I change my contribution amount to the 401(k) plan at Taylor Morrison Home?

Employees at Taylor Morrison Home can change their contribution amount to the 401(k) plan at any time, typically through the benefits portal or by contacting HR.

What happens to my 401(k) if I leave Taylor Morrison Home?

If you leave Taylor Morrison Home, you have several options for your 401(k), including rolling it over to an IRA or a new employer’s plan, cashing it out, or leaving it with Taylor Morrison Home.

Is there a vesting schedule for the employer match in Taylor Morrison Home's 401(k) plan?

Yes, Taylor Morrison Home has a vesting schedule for the employer match, which means that employees must work for a certain number of years before they fully own the matched funds.

Can I contribute to my 401(k) plan at Taylor Morrison Home if I am also contributing to an IRA?

Yes, employees can contribute to both a 401(k) plan at Taylor Morrison Home and an IRA, as long as they adhere to the contribution limits set by the IRS.