Home Insurance. Thursday , March 01st , 2018 - 11:14:59 AM
Drainage is one of those things that rarely comes up on a house tour. To achieve proper drainage in your yard, you’ll either have a project on your hands or a contractor’s fee to pay off, which may cause you to want to look elsewhere. So what do you do if you’re all moved in and realizing you have drainage issues? Figure out the root cause of your drainage problems, and decide from there whether you can fix it all on your own by grading your yard, or if you need to call in some professional help.
Review your homeowners policy and understand what it does and does not cover. Many homeowners are unaware that damage caused by flooding resulting from a hurricane is not covered by their homeowners insurance. If you live in a coastal area, even if you are not in a low-lying area, you might want to consider purchasing flood insurance. Do not wait too long to do this, as most policies are usually not effective until after 30 days.
Most homeowner insurance policies for coastal properties now have separate deductibles for damage caused by hurricanes, and the amounts are usually based on a percentage of the home’s insured value, rather than a flat dollar fee. Details of a policy’s hurricane deductible will typically be explained on the policy’s “declarations” page. Ms. Bach suggests that consumers call their insurance agent if they don’t fully understand what their policy requires, so they can plan for out-of-pocket costs in the event of a storm.
Any content, trademark/s, or other material that might be found on this site that is not this site property remains the copyright of its respective owner/s. In no way does Montrealamoi claim ownership or responsibility for such items, and you should seek legal consent for any use of such materials from its owner.