So you wake up one morning, the usual routine, nothing is any different, yet. Throw on a pot of java and head for the shower. You turn on the hot water and you wait a second for it to get hot but it doesn't.
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. Ok, this is bad but it could have been a lot worse if you didn't have 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. The next words to leave your mouth are not to be repeated here as you just discovered that your homeowner's insurance doesn't cover flooding.
You just assumed that you were covered, you didn't ask, and you didn't read your contract. The fact is that any type of dwelling insurance such as homeowners, renters, condo, etc. not only doesn't cover floods but they reject them entirely.
If you want flood insurance there are a few things that you should know. 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 burst and there's always that blasted hot water tank!
The price of flood insurance is going to be based, in part, on where you reside. Living in low lying areas will cost you more. The thing is, that you have to make sure that you have enough coverage. On occasions such as this, you will be glad that you planned for emergencies.
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. Ok, this is bad but it could have been a lot worse if you didn't have 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. The next words to leave your mouth are not to be repeated here as you just discovered that your homeowner's insurance doesn't cover flooding.
You just assumed that you were covered, you didn't ask, and you didn't read your contract. The fact is that any type of dwelling insurance such as homeowners, renters, condo, etc. not only doesn't cover floods but they reject them entirely.
If you want flood insurance there are a few things that you should know. 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 burst and there's always that blasted hot water tank!
The price of flood insurance is going to be based, in part, on where you reside. Living in low lying areas will cost you more. The thing is, that you have to make sure that you have enough coverage. On occasions such as this, you will be glad that you planned for emergencies.
About the Author:
Learn more here: Arizona home owner insurance and Louisiana home owner insurance. Chimezirim Odimba is an insurance expert.
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