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. Ok, this is bad but it could have been a lot worse if you didn't have homeowner's insurance. The school text books, your set of DVD's, your son's DS, the laptop that was left on the floor, and the fresh new carpeting are just a small number of the items that you can distinguish that are floating around.
Since you notice lots of damage you provide yourself with a show of approval for never increasing your deductible as your husband had recommended. It's time to get in touch with your insurance agency and file a claim for your flood. However, next you listen to something that sucks the breath out of you: homeowner's insurance doesn't cover floods.
You simply presumed that you had coverage, you never asked, and you never studied your contract. In reality, any category of private residence insurance such as homeowners, renters, condo, etc will simply decline any flood claims.
If you want flood insurance there are a few things that you should know. First, you will require a totally separate plan for that.
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 cost of flood insurance is going to really depend on where you live. Living in low lying areas will cost you more. You have to make certain that you have an adequate amount of coverage. One can never predict unforeseen events so it is times like this that having an alternative plan is best.
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. Ok, this is bad but it could have been a lot worse if you didn't have homeowner's insurance. The school text books, your set of DVD's, your son's DS, the laptop that was left on the floor, and the fresh new carpeting are just a small number of the items that you can distinguish that are floating around.
Since you notice lots of damage you provide yourself with a show of approval for never increasing your deductible as your husband had recommended. It's time to get in touch with your insurance agency and file a claim for your flood. However, next you listen to something that sucks the breath out of you: homeowner's insurance doesn't cover floods.
You simply presumed that you had coverage, you never asked, and you never studied your contract. In reality, any category of private residence insurance such as homeowners, renters, condo, etc will simply decline any flood claims.
If you want flood insurance there are a few things that you should know. First, you will require a totally separate plan for that.
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 cost of flood insurance is going to really depend on where you live. Living in low lying areas will cost you more. You have to make certain that you have an adequate amount of coverage. One can never predict unforeseen events so it is times like this that having an alternative plan is best.
About the Author:
Get more tips at Arizona home owner insurance and Louisiana home owner insurance. Chimezirim Odimba writes on insurance.
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