Once you have secured insurance coverage for your home, you can have some peace of mind that you are prepared for most possible losses. Losses to home and property can come in all forms, shapes, and sizes, and occur because of natural disasters, theft, fire, or other reasons. Patterns in homeowners insurance claims are influenced […]
Last revised on November 11, 2021, as reviewed by Samantha Silberstein As a homeowner. You are aware that unforeseen occurrences may at any time result in damage to your property or home. You can prepare for the worst, but you can hope for the best. Purchasing homeowners insurance coverage is the smartest way to prepare […]
Depending on the type of roof on your house, hail damage to your roof can take many different forms. Black-top shingle or composite shingle: With a few granules, round, dark impact marks may appear. You might notice exposed felt and the spongy feel of the damaged shingles. Shingles of wood: The wood may have dents […]
The financial assistance provided by FEMA varies according to the requirements of each individual and the available federal funds for the disaster. It is essential to be aware that having insurance is preferable to relying on the government for assistance. Due to the uncertainty surrounding the availability of the funds, FEMA payments should not be […]
You can start making repairs as soon as they are approved. Your deductible will affect how much your insurance will pay for covered repairs. However, flooding frequently destroys vehicles. Your insurance company will pay you the fair market value of your vehicle, less your deductible, in the event of a total loss. If you so […]
You should immediately file a claim with your agent if a flood causes damage to your vehicle. You may be asked to provide additional event-related information to your provider during this process. Take pictures of your car and the flood damage to prepare for this. Water damage is not covered by comprehensive insurance. If you […]
Flood damage to your car is covered by comprehensive insurance. Some lenders may require this kind of coverage if you finance your car, while others may consider it optional. This indicates that not all motorists have comprehensive coverage. The additional premium you pay for it depends on the deductible you select and the value of […]
The National Association of Insurance Commissioners reported in its 2019 rate review, which looked at data from 2017. That the average renters insurance rate in the United States was $180 per year.3 At just $15 per month, renters insurance is one of the most affordable types of insurance you can buy. The amount of your […]
You may not need to notify your insurance company if another driver is at fault for a fender bender, accepts responsibility, and gives you their contact information and information about their insurance company. However, you will need to contact the other driver’s insurer in order to file a claim for damage to your vehicle. But […]
Water can enter underlying materials through a damaged roof, affecting roofing plywood and insulation. Paint and sheetrock can become damaged when water seeps into walls and ceilings. Mold and mildew can grow on structural materials as well as clothing and furniture if leaks aren’t fixed. Ceiling joists and wall studs, for example, can rot due […]
