So you wake up one morning, the usual routine, nothing is any different, yet. You brew up a strong pot of Joe and hightail it to the restroom to catch a speedy shower before you head off to your job. For some reason the hot water just keeps getting colder.
You know that something is wrong and when you start to check it out you see that your basement is covered in water and your hot water tank ruptured. 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.
All the way to work you give yourself a pat on the back for never raising your homeowner's deductible like your husband had suggested because you see a lot of damage already. Once you get to work you make a call to your insurance agent to get started on your claim. But then you hear something that takes you quite by surprise: You're not covered.
You failed to inquire, and you failed to examine your agreement, you just thought that you were covered. 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. First, you will require a totally separate plan for that.
Flooding isn't simply limited to those that reside by water. Sewers can back up, hoses on washing machines can rupture and there's always that wretched hot water tank.
The cost of flood insurance is going to really depend on where you live. If you live in low lying areas then you will pay much more. Make sure that you buy plenty of coverage. On occasions such as this, you will be glad that you planned for emergencies.
You know that something is wrong and when you start to check it out you see that your basement is covered in water and your hot water tank ruptured. 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.
All the way to work you give yourself a pat on the back for never raising your homeowner's deductible like your husband had suggested because you see a lot of damage already. Once you get to work you make a call to your insurance agent to get started on your claim. But then you hear something that takes you quite by surprise: You're not covered.
You failed to inquire, and you failed to examine your agreement, you just thought that you were covered. 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. First, you will require a totally separate plan for that.
Flooding isn't simply limited to those that reside by water. Sewers can back up, hoses on washing machines can rupture and there's always that wretched hot water tank.
The cost of flood insurance is going to really depend on where you live. If you live in low lying areas then you will pay much more. Make sure that you buy plenty of coverage. On occasions such as this, you will be glad that you planned for emergencies.
About the Author:
Learn more at Arizona home owner insurance and Louisiana home owner insurance. Chimezirim Odimba writes on financial matters.
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