My name is Eric Bowman, and if you have questions about insurance, this is the blog you need to read. I was always confused when I had to purchase insurance. I would either end up paying for insurance I didn't need or I wouldn't buy the right policy. I finally decided that I was going to learn all I could about insurance policies so that I would understand exactly what I was buying. Now, I am completely satisfied with my insurance and the coverage is just what I need. I realized that there are others who are probably just as confused as I was, so I am writing this blog to help others get the best insurance for their needs and budget. I hope that my blog gives you the information you need to make the right choices when purchasing insurance.
When it comes to home insurance, you may feel like it's pretty straightforward. While you may have a good understanding of your policy, there are a few things that you may not be aware of when it comes to insuring your home. Taking the time to make sure that your home is protected is essential. Here are three things that you may not be aware of when it comes to home insurance.
Some Natural Disasters Are Not Covered
The first thing you should know about homeowner's insurance is that not all natural disasters are covered. If you live in an area where natural disasters are a threat, you will probably need to purchase additional coverage to protect your home. For example, flood insurance is a necessity if you live on a floodplain. Many homeowner's insurance companies will not cover flooding damage due to natural disasters; however, they can cover flooding from things like a burst pipe. Another natural disaster that may require additional insurance coverage is earthquakes. If you live in an area where earthquakes are common, you may want to purchase earthquake insurance.
You Need To Reassess Your Policy
One mistake that many homeowners make when it comes to home insurance is purchasing a policy and not looking at their coverage as time goes by. A home insurance policy that meets your needs when you buy your home may not meet your needs ten years down the road. Anytime you add to your home or make any significant changes, you should reevaluate your home insurance policy. It's a good idea to review your homeowner's policy at least once a year.
Home Maintenance Is Crucial
Another thing that you should know about your home insurance policy is that maintenance is crucial. If you don't maintain your home and your home is damaged because of this lack of care, your insurance claim may be denied. Any issues that arise from a lack of home maintenance is your problem, and your home insurance will not cover the cost to fix it. Make sure that you take care of your home. A lack of maintenance can cause additional expenses down the road.
Home insurance is something that is a necessity for most homeowners. However, there are a few things that you may not know about home insurance. First, not all natural disasters are covered by your policy. You may need additional insurance. Next, you also need to look at your policy at least once a year and make sure it still meets your needs. Finally, home maintenance is vital. Your policy will not cover damage that's due to a lack of care. Contact a home insurance agent for more information.