Additional Home Insurance Coverage

What if your current home insurance policy does not cover all the possible damages to your home? You can fix this problem by simply taking up an additional home insurance coverage. Read the article to learn more on the damages that your present insurance may not cover. This article covers

• Why an additional insurance is needed?
• What all are covered under additional insurance?
• What is umbrella liability coverage?

If you have an flexicover insurance policy on your home, you may not spend much time thinking about the types of home owner insurance covered on your policy. This can be a mistake, especially if you don't consider whether you need specialized or additional home insurance to protect you. Even if you have a good policy, your home insurance may simply not protect you against some dangers. For this reason, many homeowners are turning to additional coverage which complements their current home policy inexpensively but offers additional coverage.

Why Do You Need Termite Insurance?

Termites are insects that live in and destroy wood. Even if your home has brick or masonry on the exterior, termites could still enter to attack wood beams and floors. It has been estimated that termites cause more losses and damage to homes than floods, earthquakes, storms, and fires. Despite this, many insurance providers do not offer termite protection as a part of their insurance policies. Since the termites are a year-round threat that is difficult to detect, they can cause tens of thousands of dollars of damage to your home before you are aware of them. This is exactly why you will want to contact your insurance provider today to find out whether termite coverage is included on your home policy. If not, you want to provide your home with extra termite coverage.

Some pest control companies also offer inexpensive termite insurance for clients. This may be a good option if your insurance company does not cover you. In general, termite coverage by a pest control company only costs a few cents a day and covers you against the home damage as well as the costs associated with termite removal. Some pest control companies will only protect you against the costs associated with monitoring and eradicating the termites.

Flood Insurance

A flood occurs when excess water temporarily overflows from a water source or does not get absorbed into the soil from a heavy rainfall. When this happens, a large area of land is covered by stagnant water, which can rise to extreme heights, even covering houses entirely. Floods cause billions of dollars in damage, since they can completely ruin a home's structure as well as all personal belongings in the home. Despite this, most insurance policies do not offer protection against floods. If you live in an area that is prone to floods, it is vital that you spent a few hundred dollars extra each year on separate flood coverage. This can actually save you millions of dollars in case of a flood. Even if you do not live in an area were floods are common, you should know that frequent heavy rainfalls can cause basement flooding quite easily. Again, your regular home policy will not cover this, even though such damage can make you lose thousands of dollars.

Earthquake Insurance

Most homeowner insurance policies do not protect you against the damage caused by earthquakes. However, earthquakes damages property and homes each year. A powerful earthquake can completely ruin everything inside your home. you may have to spend hundreds of thousands of dollars or even millions of dollars to recoup. If you live in an area affected by earthquakes, it is vital that you get earthquake insurance in case the worst does happen.

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