So you wake up one morning, the usual routine, nothing is any different, yet. You make the coffee and walk into the bathroom to take a quick shower before work. 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 awful it may well have been a disaster 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.
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. 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 failed to inquire, and you failed to examine your agreement, you just thought that you were covered. 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. For starters, you will buy an entirely separate policy for floods.
Next, flooding doesn't only happen to those who live by water. Drains can back up, hoses on washing machines can split and there's always that pitiful hot water tank break.
Where you live will play a big role in the amount that you pay for flood insurance. Living in low lying areas will cost you more. You have to make certain that you have an adequate amount of coverage. One can never predict unforeseen events so it is times like this that having an alternative plan is best.
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 awful it may well have been a disaster 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.
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. 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 failed to inquire, and you failed to examine your agreement, you just thought that you were covered. 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. For starters, you will buy an entirely separate policy for floods.
Next, flooding doesn't only happen to those who live by water. Drains can back up, hoses on washing machines can split and there's always that pitiful hot water tank break.
Where you live will play a big role in the amount that you pay for flood insurance. Living in low lying areas will cost you more. You have to make certain that you have an adequate amount of coverage. One can never predict unforeseen events so it is times like this that having an alternative plan is best.
About the Author:
For more tips go to Arizona home owner insurance and Louisiana home owner insurance. Chimezirim Odimba writes on insurance.
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