You get up at the crack of dawn, the typical schedule, not anything is in the least, different, so far. You make the coffee and walk into the bathroom to take a quick shower before work. 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.
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 failed to inquire, and you failed to examine your agreement, you just thought that you were covered. 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. 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 rupture and there's always that wretched hot water tank.
Where you live will play a big role in the amount that you pay for flood insurance. 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. 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.
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 failed to inquire, and you failed to examine your agreement, you just thought that you were covered. 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. 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 rupture and there's always that wretched hot water tank.
Where you live will play a big role in the amount that you pay for flood insurance. 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 helps people save on insurance.
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