Are You Covered? What To Know About Home Insurance Coverage
Did you purchase a basic home insurance policy and think that your home is covered against anything life can throw at you? If so, you may be in for a surprise when the time comes to finally make an insurance claim. Here are some things to verify your coverage so that you know if your home has the protection it needs.
Flood Coverage
Homes that are located in a FEMA-designated flood zone are required to have flood insurance. If you do not live close to the water, you may think it is pointless to purchase this additional coverage. However, flood insurance covers more than the traditional flood, since it covers any situation where water enters your home from the outside. This means that if you have a heavy storm come through town that causes water levels to rise up from the street and enter your home through a window well, you'll have coverage as long as you have flood insurance.
Sewer Backup Coverage
Don't make the mistake of confusing flood coverage with sewer backup coverage, since the two types of coverage are very different. Sewer coverage will come in handy if you have a fear of your city's sewer system backing up into your basement. As long as the water is entering your home through the sewer pipe, this coverage will take care of the damage. It's common for this type of damage from a sewer backup to be out of your control. For instance, if the drain pipe going out to the sewer is broken, that can also cause backup problems that would be covered
One thing to keep in mind is that you don't need sewer backup coverage for a water pipe that freezes and bursts in your home. Even though it may be part of the same system that leads to your sewers, your basic home insurance policy should cover a burst pipe.
Jewelry Coverage
Many home insurance policies cover jewelry, but there is a cap on how much they will pay out. It is worth totaling up your jewelry and find out how much it is all worth, and then comparing it to what your policy offers. Wedding rings alone can sometimes cause you to exceed your policy limits, so make sure you have the coverage that you need.
Work with a local insurance agent if you have any questions about what is covered under your home insurance policy.
For more information, contact insurance companies like Cypress Insurance.
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