The goal in buying insurance is to make you financially ready following a loss or damage. Home Insurance is a package policy. It can cover damages to property and liability. It also covers damages done by pets. But, natural disaster coverage is a different matter. These policies vary on your location, your insurance carrier, and risk levels.
The Coverage Policies against Natural Disaster
Standard home insurance policies cover tornadoes, lightning strikes, wind, hail, and wildfire. Coverage for floods or earthquakes has a separate policy for each. It is important to check with your agent on the coverages of your home insurance. You should never assume that everything is covered. Listed below are common natural disasters and the coverage home insurance offer:
- Tornadoes- mostly cover the destruction caused by high winds.
- Wildfire- smoke and fire damage are covered.
- Ice Storms – as long as you take the recommended preventive measures, you're covered.
- Flood and Earthquake Coverage
The cost of earthquake insurance coverage depends on the area's level of risk. It is inexpensive to areas where earthquakes are rare. But, it's expensive where they are often happening. This policy covers major expenses like:
- Structural repairs
- Payment for temporary housing
- Replacing personal property.
It is also the same with flood insurance coverage. Likewise, it covers water damage to your home, furniture and appliances due to flooding. But some are not covered. Such finished basements washed away landscape and sewage backup into the house.
Natural disasters can end the lives of residents. The damages that they leave behind can cause families a lot of grief. Investing in home insurance can lessen the cost of rebuilding your home. Make sure that you ask what natural disasters are covered. In these kinds of calamities, the right insurance coverage can make a big difference.
At Honest Insurance Services LLC, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (215) 354-1600. Get your free quote today by CLICKING HERE.