Insurance Tips: Homeowner's Insurance Coverage

VIDEO DESCRIPTION

You paid for a homeowner's policy, but do you really know what you're covered for?

VIDEO TAGS

all risk policy   clientelevision   coverage   exclusion   flood   guaranteed replacement cost   homeowners insurance   house coverage   insured peril   law   property loss   uncovered loss   

VIDEO TRANSCRIPT

You got to pay attention to the terms and conditions in the policy because 'All Risk' doesn't necessarily mean all risks. All Risk does provide coverage for fire, lightning, windstorm, vandalism, hail, storm damage, what it doesn't cover or catastrophe type causes of loss like earthquake, nuclear war, flood. Everybody that owns a home has a risk of being involved in a flood related incident, most people who live close to coastal areas like the east coast or New Orleans should highly consider purchasing flood insurance. Flood can be caused by torrential rains where you have surface water that runs into your basement parking that drives rain and sea water into coastal property. What you need to do is buy a flood insurance for your particular situation.

VIDEO SOURCE

http://www.contentdeity.com/video/34095319/Insurance-Tips-Homeowners-Insurance-Coverage.html

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