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5 Natural Disasters Not Covered in Your Homeowners Policy
Posted By Miranda On 01/10/2013 @ 12:08 pm In Insurance | 7 Comments
We pay for homeowners insurance  in the hopes that when something goes wrong, it won’t devastate our finances because the insurance company will cover the costs involved — including possibly paying to replace the home and everything in it.
And, while most natural disaster  events, including fire, lightning, windstorm, and hail, might be covered by your homeowners policy, there are plenty of other disasters that aren’t covered. If you run into the following problems, you might find that your homeowners policy won’t cover your costs, and that could, in turn, cause serious problems for your finances:
Don’t assume that you are covered in the event of a natural disaster. You might need to purchase extra coverage, particularly if you are in an area at risk for natural disasters. You also need to double-check your natural disaster coverage to make sure you understand exactly how the damage is categorized, and what types of damage are covered. In some cases, you might only be covered for damage that is a direct result of the disaster, and not for damage indirectly caused.
Know what your coverage entails before you get the policy — and certainly know what your coverage entails now. You don’t want any more surprises while you are dealing with the aftermath of a natural disaster.
(Photo: methodshop.com )
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