Home Insurance. Thursday , March 01st , 2018 - 21:50:16 PM
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.
Loretta Worters, a spokeswoman for the Insurance Information Institute, a trade group, said some insurers include the dollar value of the deductible, along with the applicable percentage, to eliminate confusion. A hurricane deductible is distinct from the deductible for other sorts of damage to the home and usually goes into effect when a storm is categorized as a hurricane by the National Weather Service — or, in some cases, when a storm is named, even if doesn’t become a hurricane. (Some policies have separate windstorm deductibles that apply even for unnamed storms.)
Ms. Worters noted that standard homeowner policies don’t cover damage from floodwaters, even if it is caused by a hurricane’s storm surge. Homeowners must buy separate flood coverage, either through the National Flood Insurance Program or from private companies. There is often a waiting period (30 days, in the case of federal flood insurance) before flood policies take effect. Homeowners who want coverage beyond a standard flood policy can also consider extra insurance, available from excess or surplus lines insurers.
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