There’s one more type of water peril that’s different from leaks. Homeowners and renters need to be aware of this peril. It’s sewer and drain back up. Leaking pipes and appliances are certainly a nuisance, but at least the water is clear and clean. Much more foul is a sewage and drain backup.
??When it comes to water leaks, most insurance companies and their policies classify leaks into two categories;
Sudden & accidental
Slow drip or slow leak
Sudden & accidental: This type of leak is characterized as being sudden; it quickly materialized or occurred and it was unintentional.
?Early in my career I met with a client to review the changes we’d made to her homeowner’s policy. She’d completed a remodeling project so we updated the amount of coverage on her home. She gave me a tour of her home and then we sat down at the dining room table to review the policy changes. There were 4 beautiful paintings hanging on the walls and I asked her if they were originals. With pride, she beamed they were. The value of the paintings was about $32,000.00. We had discussed everything else except the artwork.
Two weeks ago, we looked at the importance of having a home inventory. Having one helps any insured renter or homeowner be fully and accurately reimbursed for their contents if they’ve been burglarized or experience a loss from a fire or natural disaster. We followed up that post with what to do if you’ve been broken into. Avoiding being broken into is better yet.
Here are 14 steps you can take to reduce your odds of being burglarized by making it harder for a burglar, as published by the Dallas Police Department.
?Is a town home a house, a condo or something else? Since we’re discussing it from an insurance standpoint (we’ll ignore the real estate perspective), town homes can be viewed as;
A single family home (yes, even if it’s connected on both sides to neighbors)
It can also be viewed as a condo
?There are always an interesting set of numbers about any storm like Sandy. Here are some of the ones I thought to be interesting,
– 932 – The number of miles across / wide for the storm. This distance is about the distance from New York to Jacksonville, Florida. At its largest, Sandy would have covered almost 1/3 of the United States.
– 13.88 – The height in feet for the storm surge that occurred from the wind pushing the water that high.
If you’re about to buy a home or change insurance companies, did you know the insurance company will perform an inspection of your home? Inspections are performed on homes, rental properties, town homes and in some cases condos. There are three types of home inspections for Texans …
Where you live influences the rate you pay on home and car insurance. The premium difference between different areas is greater for home insurance than car insurance. The real question that needs to be answered is why the difference in premium if everything else is roughly the same, such as
At the end of a busy day at work, you arrive home and find 2 inches of water in your home. What if it isn’t
Personal Liability Insurance A friend of mine and his family were out of the house one day. His mother in law arrived at their home
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