The clock goes off and you climb out of bed, another routine day. 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. You turn on the hot water and you wait a second for it to get hot but it doesn't.
After further investigations you discover that your hot water tank burst in the night and now your basement is filled with about four inches of water. 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.
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 just assumed that you were covered, you didn't ask, and you didn't read your contract. Every kind of dwelling insurance such as homeowners, renters, condo, etc. not just doesn't cover floods although, they actually refuse them completely.
There is some stuff that you ought to be familiar with if you would like flood insurance. First, you will require a totally separate plan for that.
Flooding happens to more than just those that live by the 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. Low lying areas will have higher rates. Make sure that you buy plenty of coverage. On occasions such as this, you will be glad that you planned for emergencies.
After further investigations you discover that your hot water tank burst in the night and now your basement is filled with about four inches of water. 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.
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 just assumed that you were covered, you didn't ask, and you didn't read your contract. Every kind of dwelling insurance such as homeowners, renters, condo, etc. not just doesn't cover floods although, they actually refuse them completely.
There is some stuff that you ought to be familiar with if you would like flood insurance. First, you will require a totally separate plan for that.
Flooding happens to more than just those that live by the 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. Low lying areas will have higher rates. 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:
To learn more go to Arizona home owner insurance and Louisiana home owner insurance. Chimezirim Odimba teaches how to pay less for more.
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