The clock goes off and you climb out of bed, another routine day. You make the coffee and walk into the bathroom to take a quick shower before work. You turn on the hot water and you wait a second for it to get hot but it doesn't.
You look around for the culprit only to find that your basement is flooded because your hot water tank took a dump. Ok, this is bad but it could have been a lot worse if you didn't have homeowner's insurance. Observing your belongings just floating in the water, the school text books, your new collection of DVD's, your son's DS, the laptop, and the new carpet are only some of what you can see this second.
On your drive to work you offer yourself a congratulations for forgetting to raise your deductible which your husband had suggested. It's time to get in touch with your insurance agency and file a claim for your flood. But then you hear something that takes you quite by surprise: You're not covered.
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.
There is some stuff that you ought to be familiar with if you would like flood insurance. To begin with, you will need a completely different arrangement 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 price of flood insurance is going to be based, in part, on where you reside. If you live in low lying areas then you will pay much 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 look around for the culprit only to find that your basement is flooded because your hot water tank took a dump. Ok, this is bad but it could have been a lot worse if you didn't have homeowner's insurance. Observing your belongings just floating in the water, the school text books, your new collection of DVD's, your son's DS, the laptop, and the new carpet are only some of what you can see this second.
On your drive to work you offer yourself a congratulations for forgetting to raise your deductible which your husband had suggested. It's time to get in touch with your insurance agency and file a claim for your flood. But then you hear something that takes you quite by surprise: You're not covered.
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.
There is some stuff that you ought to be familiar with if you would like flood insurance. To begin with, you will need a completely different arrangement 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 price of flood insurance is going to be based, in part, on where you reside. If you live in low lying areas then you will pay much 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:
Learn more at Arizona home owner insurance and Louisiana home owner insurance. Chimezirim Odimba teaches how to pay less for more.
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