All insurance policies have limitations and exclusions on the things they’re covered, and the amounts you may be able to receive as reimbursement. Your health insurance policy, for example, won’t cover every type of illness and accident or other malady that may affect you. Even umbrella insurance policies have coverage limits and exclusions for certain types of claims.
The same is also true with your homeowner’s insurance policy. You might assume that you’ll be fully covered in compensated for any damage that might happen to your home, for whatever reason, but that’s simply not the case.
Everyone’s policy is different,... Articles Tagged ‘Homeowners’
What Your Homeowners Insurance Doesn’t Cover
All insurance policies have limitations and exclusions on the things they’re covered, and the amounts you may be able to receive as reimbursement. Your health insurance policy, for example, won’t cover every type of illness and accident or other malady that may affect you. Even umbrella insurance policies have coverage limits and exclusions for certain types of claims.
The same is also true with your homeowner’s insurance policy. You might assume that you’ll be fully covered in compensated for any damage that might happen to your home, for whatever reason, but that’s simply not the case.
Everyone’s policy is different,...
Friday, June 21st, 2013
All insurance policies have limitations and exclusions on the things they’re covered, and the amounts you may be able to receive as reimbursement. Your health insurance policy, for example, won’t cover every type of illness and accident or other malady that may affect you. Even umbrella insurance policies have coverage limits and exclusions for certain types of claims.
The same is also true with your homeowner’s insurance policy. You might assume that you’ll be fully covered in compensated for any damage that might happen to your home, for whatever reason, but that’s simply not the case.
Everyone’s policy is different,... Insurance Advice on Understanding a Home Insurance Policy
We have a great deal of freedom to choose our own financial paths. We can decide how to invest or save – or even whether we invest or save – and how we spend the money we earn. But there are some areas of personal finance in which we are effectively required to participate or to buy certain services.
Homeowners insurance is one of those areas. For those of us who have an outstanding mortgage on our homes, our mortgage lenders require us to have adequate homeowners insurance as a condition of borrowing. Since buying insurance in those circumstances...
Thursday, April 5th, 2012
We have a great deal of freedom to choose our own financial paths. We can decide how to invest or save – or even whether we invest or save – and how we spend the money we earn. But there are some areas of personal finance in which we are effectively required to participate or to buy certain services.
Homeowners insurance is one of those areas. For those of us who have an outstanding mortgage on our homes, our mortgage lenders require us to have adequate homeowners insurance as a condition of borrowing. Since buying insurance in those circumstances... Top Tips for Filing a Homeowners Insurance Claim
Having the right homeowners insurance policy can provide you the relief and support you want in your time of need. Knowing what to do with that policy once it has been secured can be the real challenge.
The trouble for most people comes when it is time to use that insurance policy. Knowing the top tips for filing an insurance claim can help you avoid issues and get right to the financial relief you have paid for.
If your property has sustained damage from fire, flooding, wind, water, mold, theft, and any other disasters then you must be aware of how...
Monday, March 14th, 2011
Having the right homeowners insurance policy can provide you the relief and support you want in your time of need. Knowing what to do with that policy once it has been secured can be the real challenge.
The trouble for most people comes when it is time to use that insurance policy. Knowing the top tips for filing an insurance claim can help you avoid issues and get right to the financial relief you have paid for.
If your property has sustained damage from fire, flooding, wind, water, mold, theft, and any other disasters then you must be aware of how... What Insurance Do You Really Need?
One of the first things any reputable financial planner will tell you is to make sure that you have adequate insurance coverage. Whether we’re talking about your health insurance, automobile insurance life insurance or homeowners’ insurance, any single accident or unexpected illness or catastrophe can do more to destroy your financial future than just about anything else. You should review your overall insurance situation on an annual basis.
It’s all about making the best choices from the options that you have available. To do this, you first need to evaluate your individual situation and honestly assess your needs.
Here is...
Wednesday, December 1st, 2010
One of the first things any reputable financial planner will tell you is to make sure that you have adequate insurance coverage. Whether we’re talking about your health insurance, automobile insurance life insurance or homeowners’ insurance, any single accident or unexpected illness or catastrophe can do more to destroy your financial future than just about anything else. You should review your overall insurance situation on an annual basis.
It’s all about making the best choices from the options that you have available. To do this, you first need to evaluate your individual situation and honestly assess your needs.
Here is... Check Your Homeowners’ Insurance for Catastrophic Coverage
We’ve seen a number of destructive weather events happen in different parts of the country over the past few years – hurricanes, flooding due to rivers overflowing their banks, and drought-like weather leading to forest fires and grass fires.
The damage that these kinds of natural disasters and weather events can do to homes and other properties is of often devastating. Flooding and wildfires in particular can destroy not only one person’s home, but entire neighborhoods or towns as well.
It would be easy to assume that all types of destruction that might happen to your house are covered by your...
Wednesday, November 10th, 2010
We’ve seen a number of destructive weather events happen in different parts of the country over the past few years – hurricanes, flooding due to rivers overflowing their banks, and drought-like weather leading to forest fires and grass fires.
The damage that these kinds of natural disasters and weather events can do to homes and other properties is of often devastating. Flooding and wildfires in particular can destroy not only one person’s home, but entire neighborhoods or towns as well.
It would be easy to assume that all types of destruction that might happen to your house are covered by your... Home Insurance Coverage
Most homeowners insurance policies contain some coverages that you may not be aware of, but that may come in handy in the event of an emergency or catastrophe. Again, homeowners policies vary from company to company, and state to state. Different companies may call coverages by different names, however the general categories described below should be recognizable. The limits (maximum amount of coverage provided by the policy) covered can also vary. The amounts quoted below are averages. Read the fine print and/or speak to your insurance agent to confirm what coverages and limits are in your policy. Here is some...
Monday, February 22nd, 2010
Most homeowners insurance policies contain some coverages that you may not be aware of, but that may come in handy in the event of an emergency or catastrophe. Again, homeowners policies vary from company to company, and state to state. Different companies may call coverages by different names, however the general categories described below should be recognizable. The limits (maximum amount of coverage provided by the policy) covered can also vary. The amounts quoted below are averages. Read the fine print and/or speak to your insurance agent to confirm what coverages and limits are in your policy. Here is some... Homeowners Insurance Basics
Homeowners insurance is a term used for home contents and / or buildings. While it can’t replace what you have built up for many years in memories, it can help to replace your possessions if they are damaged or lost. Household insurance covers the majority of your belongings in the home up to a certain amount and this is stated at the outset of the policy for which you pay a monthly premium.
The majority of standard homeowner insurance policies will cover any damage made from such as fire, theft, flooding and damage caused by storms. Accidental damage is usually...
Monday, March 16th, 2009
Homeowners insurance is a term used for home contents and / or buildings. While it can’t replace what you have built up for many years in memories, it can help to replace your possessions if they are damaged or lost. Household insurance covers the majority of your belongings in the home up to a certain amount and this is stated at the outset of the policy for which you pay a monthly premium.
The majority of standard homeowner insurance policies will cover any damage made from such as fire, theft, flooding and damage caused by storms. Accidental damage is usually... 
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