If disaster strikes and your home is destroyed or severely damaged - do you have enough insurance to cover the rebuilding costs?
Many people don't. But it's not too late to do something about it.
Our news partners at Consumer Reports Money Adviser have some important advice to help you guard against the unpredictable.
It's been a bad year for homeowners in the West. With earthquakes and wildfires, flooding and mudslides. And here's the really scary part - it's estimated that six out of 10 homes in this country are underinsured.
A freak windstorm toppled a huge tree onto Michael Matra's house recently, damaging the roof, siding and interior.your own Wholesale Rustic Mosaic Tiles For Countertops From China Manufacturers is usually higher The homeowner worries how much his insurance will cover.
"There is so much damage done," says Matra. "You have no clue really what the internal damage is."
Consumer Reports Money Adviser says for peace of mind it's crucial to review your policy.Shop for high quality Wholesale Tiles Cutting For Bathrooms Watches
"Damage by high winds may be subject to a steeper deductible than other types of damage. And your insurance may not cover earthquakes, or landslides, or floods at all," says Tobie Stanger of Consumer Reports Money Adviser.Anyone with a Henspa Wholesale Rock Porcelain Tiles For Wall From China Manufacturers can enjoy the satisfaction of raising their own hens and delight in fresh
Consumer Reports advises looking into federal flood-insurance programs,Are you looking to accept credit cards for your Wholesale General Double Loading For Bathrooms type of business even if you live in a low-risk area.
"It's very important to make sure that you've covered the house for the full replacement value in case you have a total loss. But don't use the sales price as a measure. These days that might not be enough to cover rebuilding," Stanger says.
For just a few dollars on the website AccuCoverage, you can figure out a realistic replacement estimate yourself. But be sure to include the cost of replacing any custom items like tiles, special flooring,China Wholesale Pulati Polished Tiles For Bathrooms catalog and fixtures.
"Choosing an insurance company requires research, not just to find the best price but also to check out the financial health of the company," says Stanger.
Matra picked an established company, and he's happy he did, as he has already received a check to begin the repair work.
There are three important things I'd like you to remember - standard homeowners insurance does not cover
flooding and it does not cover earthquakes. That is additional coverage you must buy separately.
Also, the amount of coverage you want is based on how much it will cost to replace your house, should it be destroyed, not the current selling price of the house. Those are two completely different things.
Many people don't. But it's not too late to do something about it.
Our news partners at Consumer Reports Money Adviser have some important advice to help you guard against the unpredictable.
It's been a bad year for homeowners in the West. With earthquakes and wildfires, flooding and mudslides. And here's the really scary part - it's estimated that six out of 10 homes in this country are underinsured.
A freak windstorm toppled a huge tree onto Michael Matra's house recently, damaging the roof, siding and interior.your own Wholesale Rustic Mosaic Tiles For Countertops From China Manufacturers is usually higher The homeowner worries how much his insurance will cover.
"There is so much damage done," says Matra. "You have no clue really what the internal damage is."
Consumer Reports Money Adviser says for peace of mind it's crucial to review your policy.Shop for high quality Wholesale Tiles Cutting For Bathrooms Watches
"Damage by high winds may be subject to a steeper deductible than other types of damage. And your insurance may not cover earthquakes, or landslides, or floods at all," says Tobie Stanger of Consumer Reports Money Adviser.Anyone with a Henspa Wholesale Rock Porcelain Tiles For Wall From China Manufacturers can enjoy the satisfaction of raising their own hens and delight in fresh
Consumer Reports advises looking into federal flood-insurance programs,Are you looking to accept credit cards for your Wholesale General Double Loading For Bathrooms type of business even if you live in a low-risk area.
"It's very important to make sure that you've covered the house for the full replacement value in case you have a total loss. But don't use the sales price as a measure. These days that might not be enough to cover rebuilding," Stanger says.
For just a few dollars on the website AccuCoverage, you can figure out a realistic replacement estimate yourself. But be sure to include the cost of replacing any custom items like tiles, special flooring,China Wholesale Pulati Polished Tiles For Bathrooms catalog and fixtures.
"Choosing an insurance company requires research, not just to find the best price but also to check out the financial health of the company," says Stanger.
Matra picked an established company, and he's happy he did, as he has already received a check to begin the repair work.
There are three important things I'd like you to remember - standard homeowners insurance does not cover
flooding and it does not cover earthquakes. That is additional coverage you must buy separately.
Also, the amount of coverage you want is based on how much it will cost to replace your house, should it be destroyed, not the current selling price of the house. Those are two completely different things.
没有评论:
发表评论