It seems that natural disasters are becoming more frequent and stronger these days. If you watch international news, it seems that there are always some poor country somewhere that is being devastated by some form of natural disaster or another. This is not just limited to third world countries either. Tornadoes and hurricanes hit the US on a regular basis.
Now you can’t prevent a natural disaster more than you can prevent the world from spinning. What you can do is be prepared. And that is what insurance are for. They won’t protect your home if a tornado barrels down the street and demolishes the whole block but at least you can rebuild afterwards.
It wouldn’t hurt if you know or at least have a rudimentary knowledge in your own home’s insurance. …show more content…
You must obtain a rider on your homeowner’s policy, for an additional cost, to fully insure these items. A copy of your purchase receipt and/or an appraisal may be necessary to substantiate the value of the items covered under each rider.
You may want to consider whether your home falls under special circumstances that require additional coverage. You may need additional coverage on your home if the following conditions apply:
You operate a home-based business.
You live with someone to whom you aren’t married and who isn’t on the deed or title to the home.
You may be exposed to water damage due to storm sewer or water backup.
You live in a flood zone or are in danger of incurring water damage from other sources, such as hurricanes.
The only way to obtain flood insurance is through the National Flood Insurance Program (NFIP), and the coverage isn’t available in some of the most high-risk areas. Contact the NFIP or your homeowner’s agent to find out more.
You’re at risk for windstorm damage.
Your home is at risk of mold damage.
You live in or near an earthquake-prone area.
Now these are just the basics. I’ll be sure to cover a few more once I have additional
Now you can’t prevent a natural disaster more than you can prevent the world from spinning. What you can do is be prepared. And that is what insurance are for. They won’t protect your home if a tornado barrels down the street and demolishes the whole block but at least you can rebuild afterwards.
It wouldn’t hurt if you know or at least have a rudimentary knowledge in your own home’s insurance. …show more content…
You must obtain a rider on your homeowner’s policy, for an additional cost, to fully insure these items. A copy of your purchase receipt and/or an appraisal may be necessary to substantiate the value of the items covered under each rider.
You may want to consider whether your home falls under special circumstances that require additional coverage. You may need additional coverage on your home if the following conditions apply:
You operate a home-based business.
You live with someone to whom you aren’t married and who isn’t on the deed or title to the home.
You may be exposed to water damage due to storm sewer or water backup.
You live in a flood zone or are in danger of incurring water damage from other sources, such as hurricanes.
The only way to obtain flood insurance is through the National Flood Insurance Program (NFIP), and the coverage isn’t available in some of the most high-risk areas. Contact the NFIP or your homeowner’s agent to find out more.
You’re at risk for windstorm damage.
Your home is at risk of mold damage.
You live in or near an earthquake-prone area.
Now these are just the basics. I’ll be sure to cover a few more once I have additional