#35 Are You Really Covered? The Truth About Homeowners Insurance

Welcome back to our #35 episode! In this episode, Leigh and Angie explore the often-overlooked aspects of homeowners insurance and disaster preparedness. Learn what your policy might be missing and how to ensure you're properly covered when disaster strikes.

Expert Tip: While FEMA and other assistance may be available after major disasters, always plan to rely on your insurance coverage first.

Remember: The time to understand your insurance coverage is before you need it, not after disaster strikes.

To learn about detailed Documentation, listen to Ep#22

#38pctprepared #38percentprepared #areyoucover #homeowner #homeownerpolicy #homeinsurance #onguard #reviewpolicy #staysafe #stayprepared

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Understanding Your Policy The importance of thoroughly reading and understanding your insurance policy Critical questions to ask about coverage limitations Understanding deductibles and maximum payouts Coverage for structures beyond your main home (garages, fences, outbuildings) Additional Living Expenses (ALE) coverage Tree damage coverage specifics

What's Usually Not Covered

Flood damage (requires separate flood insurance) Earthquake damage Sewer backup Mold damage Termite damage Maintenance-related issues

Common Insurance Problems

Underinsurance and the difference between market value and replacement cost Personal property coverage limitations Claims disputes and the importance of documentation Delays in claims processing Unexpected policy exclusions

What Is Typically Covered

Tornadoes Lightning strikes Winter storm damage Fire Theft Wind damage Hail Vandalism

Key Takeaways

Review your homeowners policy annually and after major life changes Maintain open communication with your insurance agent Know your coverage limits and what's included Consider additional coverage for region-specific risks Stay current on home maintenance to avoid coverage issues

Credit: Insurance Information Institute

Credit: National Association of Insurance Commission