What is home insurance?

When people buy expensive possessions, they want to protect these assets. They have spent their hard-earned money on these products. They do not want to see it go to waste. A house is a big investment for people. Whether it is a couple looking to marry or a family starting, people may look to buy a house and think about how they can protect it. Home insurance can protect people’s homes from natural disasters that can cause devastating damage to homes. When natural disasters hit, homeowners take the necessary measures to protect their homes. Unfortunately, Mother Nature does not take directions from anyone and can be unpredictable. It can be hard for people to prepare for a storm if they are unaware of how much of a toll it could have on them. A tornado can pick up a home and toss. A hurricane can blow through a home and cause it to become torn apart. A flood can wreak havoc on a home by filling the house and damaging everything inside of it. Not only can homeowner insurance protect against weather-related disasters, but it can also protect against fires and theft. Insurance companies can work to assess the damage of a home after a disaster. It can show that they will need to aid the homeowner. Then the insurance company will address a certain amount of coverage after the storm.

Is flood insurance included in regular coverage?

Flood insurance is one form of a natural disaster that may not be covered under a typical insurance plan for homeowners. Instead, homeowners may have to buy a separate plan to cover these types of damages. The National Flood Insurance Program provides a flood insurance policy that homeowners can get in addition to their regular policy. This flood policy is available to anyone that resides in an area that adheres to the federal stormwater and floodplain management rules. The NFIP flood insurance policy can cover up to $250,000 in damage to your home or garage. This can include clean up, repairs, debris removal and removal of mildew, mold or fungus. With this aid, homeowners may be able to rebuild their homes and their lives to improve their situation.

The Law Office of Craig A. Blumberg is an experienced New York City insurance law firm. If you require quality assistance after having suffered property loss, please contact our firm to schedule a free initial consultation.