Many people are shocked to find out that their home owner’s insurance policy doesn’t cover a great deal of things. For instance many policies in Southern California do not cover flood insurance. Another very popular instance is earthquake insurance. Home owners should always talk with their insurance agent to find out exactly what is covered on their policy.
Beware of These Common Holes in Homeowners Insurance Coverage
Another occurrence is when something happens that IS covered but only to a certain amount. Another difficulty that can befall is when people do not take into account their deductible. Earthquake insurance in Southern California is notorious for its 15% deductible. A good quality agent can tell you all the ins and outs of each coverage. I highly recommend people take a good hard look at what they need and what they feel comfortable with. Insurance is there for when you need it, but you have to be informed for those instances.
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