You get up at the crack of dawn, the typical schedule, not anything is in the least, different, so far. Throw on a pot of java and head for the shower. There's a problem, there doesn't seem to be any hot water.
After further investigations you discover that your hot water tank burst in the night and now your basement is filled with about four inches of water. While, this is awful it may well have been a disaster without homeowner's insurance. As you look around at all of the things that are floating in this water, the college text books, your collection of DVD's, your son's DS, the laptop that was left on the floor, and the new carpet are just a few of the things that you can see at the moment.
Since you notice lots of damage you provide yourself with a show of approval for never increasing your deductible as your husband had recommended. You have decided to phone your insurance company and break the news of your flood to them. However, next you listen to something that sucks the breath out of you: homeowner's insurance doesn't cover floods.
You just assumed that you were covered, you didn't ask, and you didn't read your contract. The fact is that any type of dwelling insurance such as homeowners, renters, condo, etc. not only doesn't cover floods but they reject them entirely.
If you want flood insurance there are a few things you should be familiar with. For starters, you will buy an entirely separate policy for floods.
Next, flooding doesn't only happen to those who live by water. Sewers can back up, hoses on washing machines can burst and there's always that blasted hot water tank!
The price of flood insurance is going to be based, in part, on where you reside. Living in low lying areas will cost you more. You have to make certain that you have an adequate amount of coverage. On occasions such as this, you will be glad that you planned for emergencies.
After further investigations you discover that your hot water tank burst in the night and now your basement is filled with about four inches of water. While, this is awful it may well have been a disaster without homeowner's insurance. As you look around at all of the things that are floating in this water, the college text books, your collection of DVD's, your son's DS, the laptop that was left on the floor, and the new carpet are just a few of the things that you can see at the moment.
Since you notice lots of damage you provide yourself with a show of approval for never increasing your deductible as your husband had recommended. You have decided to phone your insurance company and break the news of your flood to them. However, next you listen to something that sucks the breath out of you: homeowner's insurance doesn't cover floods.
You just assumed that you were covered, you didn't ask, and you didn't read your contract. The fact is that any type of dwelling insurance such as homeowners, renters, condo, etc. not only doesn't cover floods but they reject them entirely.
If you want flood insurance there are a few things you should be familiar with. For starters, you will buy an entirely separate policy for floods.
Next, flooding doesn't only happen to those who live by water. Sewers can back up, hoses on washing machines can burst and there's always that blasted hot water tank!
The price of flood insurance is going to be based, in part, on where you reside. Living in low lying areas will cost you more. You have to make certain that you have an adequate amount of coverage. On occasions such as this, you will be glad that you planned for emergencies.
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For more tips visit Arizona home owner insurance and Louisiana home owner insurance. Chimezirim Odimba helps you pay less for more.
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