Monday, 29 August 2016

Homeowners Insurance: Flood and Earthquakes

Homeowner’s insurance policy protects your home from all damages and loses. This is usually the leading line some insurance companies would use to sell you their policy. While there is nothing out rightly wrong with this, it is somewhat misleading. It just takes a simple "all" word to not only make the statement invalid but has the tendency of causing problems later in the future for clients and insurers.

The standard homeowner’s insurance policy covers damages and loss to homes but usually excludes flooding and earthquake related damages. This is not the time to question why or why it isn't included. When buying your homeowners insurance policy, do not go with the impression that it is included. For further clarification, you should feel free to ask your insurance agent.

If you live in areas that are prone or susceptible to flooding and earthquakes, it is best to include their coverage in your policy. Like other reasons for buying insurance, you cannot predict when and to what extent the damage from these natural disasters could be. You will always be safe to have it included to your insurance policy.

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