When it comes to protecting your finances, few things can be as meaningful as a solid homeowner\u2019s insurance policy. If a disaster should strike \u2013 tornado, fire, theft \u2013 you\u2019ll need a policy in place to safeguard against draining your savings to repair structural damage, replace stolen objects, and more. However, not all insurance policies are the same, so it\u2019s important to know these key items about your homeowner\u2019s insurance:<\/p>\n
What it Covers<\/strong><\/p>\n Most insurance policies will cover damage to your home caused by natural disasters. However, many policies don\u2019t include flood coverage. If you life in a flood plain, you may want to invest in a separate policy. Likewise, many home owner\u2019s policies provide full coverage for belongings, but many require a separate type of policy for jewelry.<\/p>\n What it DOESN\u2019T Cover<\/strong><\/p>\n The majority of policies will exclude earthquakes, landslides and power failures from coverage. Many exclude windstorm coverage in areas prone to tornadoes or hurricanes, requiring home owners to maintain supplemental insurance for such damage.<\/p>\n Why You Should Keep Good Records<\/strong><\/p>\n Many homeowners see legitimate claims rejected simply because they couldn\u2019t provide proper documentation. Always save receipts, contracts and appraisals for big-ticket items and, if an unforeseen loss occurs, document everything you\u2019re able to do to mitigate damages.<\/p>\n When to File a Claim<\/strong><\/p>\n Insurance companies don\u2019t like frivolous claims, and it\u2019s possible that your rates will rise if you\u2019re a habitual offender. However, you\u2019ll certainly want to file in the event of a true disaster, and you should consider filing for legitimate, but lesser, damage to your property, too.<\/p>\n Image via Flickr\/Agency One Insurance<\/p>\n","protected":false},"excerpt":{"rendered":" When it comes to protecting your finances, few things can be as meaningful as a solid homeowner\u2019s insurance policy. If a disaster should strike \u2013 tornado, fire, theft \u2013 you\u2019ll need a policy in place to safeguard against draining your savings to repair structural damage, replace stolen objects, and more. However, not all insurance policies […]<\/p>\n","protected":false},"author":1,"featured_media":3737,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[69],"tags":[],"yoast_head":"\n