Homeowners Insurance and Natural Disasters the Facts You Need to Know

Natural Disasters happen each and every day. Some of the most common disasters that can disturb our lives include major weather storms such as a snowstorm, a big rainstorm, a hurricane, a tornado, and so on. Other common natural disasters seen all around the world include tsunamis, volcano activity, and more. The only protection that you really have from these types of devastating events is your homeowners insurance. By having the right insurance, you can rest easy knowing that if a natural disaster does occurs you and your family will be protected and will be able to survive, both emotionally and financially, anything that the world throws at you.

The largest single investment that most consumers make is in their homes and there are various types of insurance that can help you.

  1. The first type of insurance is known as property damage coverage. This type of insurance will help you pay for damage that is done to your home and any personal property that you may have at your disposal. Even if you have something such as a tool shed, a barn, a detached garage, or another structure on your property, this can be covered as well. Having property damage coverage can be very important, as the coverage will pay portions of the current cash value of any items that are destroyed in a natural disaster. If a hurricane comes and rips the roof off of your house, this coverage can help you in a big way.
  2. Having personal liability coverage is also very important when facing the threat of a natural disaster. Having personal liability coverage can allow you to have coverage for accidents that occur both on as well as off of your property. If you cause any type of injury or damage, you will be covered up to a certain amount. The policy will pay for the cost of defending you in something such as a court of law, as well as any other expenses you come across. Typically, basic liability coverage is around $100,000 for each occurrence and these coverage limits typically do not come with a deductible.
  3. Medical payment coverage can come in handy if you ever face a natural disaster that impacts your life and your home in general. Medical payment coverage is a type of coverage that is going to pay if someone outside of your family gets injured at your home. You may not even be at fault, but having this coverage will pay for the medical expenses that occur within one year of the accident at your home. If someone is acting foolish on a trampoline in your backyard and injures himself or herself, your insurance can cover this. The medical payment area of your homeowner insurance policy comes with coverage limits, but they can help with these costs.
  4. Homeowner insurance can cover significant amounts of additional living expenses. If a natural disaster takes place and does so much damage that you need to move into a motel or apartment temporarily, this coverage will help you pay for that. They typically pay up to 20% of the policy limit on your dwelling with these expenses.
  5. The key tips here when you are thinking about homeowner’s insurance as it relates to potential natural disasters, are that you need to shop around and educate yourself. You need to figure out which coverage you need and which you do not need. This can go a long way in making sure that you are safe and covered.

Natural disasters are no joke and you should do all that you can to be sure your insurance covers your losses.

Author Bio: Chuck Henry works for a company that provides information on home insurance http://www.homeownersinsurance.net

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