Posts from November 16th, 2020
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Buying A Home? Make Sure You Understand What Home Insurance Does—And Doesn't—Cover
Getting homeowners insurance when you purchase a house is a non-negotiable. But while standard home insurance policies provide a high level of coverage and protection, they don't cover everything—and in order to protect your home (and your investment), it's important to understand what potential issues might fall outside your home insurance umbrella.
A recent article from realtor.com outlined the surprising things home insurance doesn't cover, including:
- Floods. While home insurance typically covers water issues like burst pipes, if your home is flooded due to a hurricane or excessive rain, most standard home insurance policies won't cover the damage. In order to get coverage, you'll need to purchase additional flood insurance.
- Earthqu...