Natural Disasters – No worry I have Insurance?!!
Well, yes you might have insurance but as recent history shows these policies vary from state to state and from provider to provider. There are well defined coverage of disasters such as hurricane damage, fire and many others but they may not include floods, etc. Be sure to ask for the details of coverage before signing to prevent the heartache/heartburn later. As we have said previously, contracts should be read and understood however hard it may be to do so. If in doubt, have your lawyer present to review the said policy so as to avoid misunderstandings. Being sure prevents you from getting disappointed that the insurance you are so depending on does not cover a specific natural disaster or event.