You get up at the crack of dawn, the typical schedule, not anything is in the least, different, so far. 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. For some reason the hot water just keeps getting colder.
You look around for the culprit only to find that your basement is flooded because your hot water tank took a dump. While this is surely not the best start for any morning, things might have been even worse if you were without 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.
On your drive to work you offer yourself a congratulations for forgetting to raise your deductible which your husband had suggested. You have decided to phone your insurance company and break the news of your flood to them. However, next you listen to something that sucks the breath out of you: homeowner's insurance doesn't cover floods.
You just assumed that you were covered, you didn't ask, and you didn't read your contract. 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. 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!
Where you live will play a big role in the amount that you pay for flood insurance. If you live in low lying areas then you will pay much more. Make sure that you buy plenty of coverage. On occasions such as this, you will be glad that you planned for emergencies.
You look around for the culprit only to find that your basement is flooded because your hot water tank took a dump. While this is surely not the best start for any morning, things might have been even worse if you were without 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.
On your drive to work you offer yourself a congratulations for forgetting to raise your deductible which your husband had suggested. You have decided to phone your insurance company and break the news of your flood to them. However, next you listen to something that sucks the breath out of you: homeowner's insurance doesn't cover floods.
You just assumed that you were covered, you didn't ask, and you didn't read your contract. 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. 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!
Where you live will play a big role in the amount that you pay for flood insurance. If you live in low lying areas then you will pay much more. 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:
Get more tips at Arizona home owner insurance and Louisiana home owner insurance. Chimezirim Odimba helps you pay less for more.
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