Hazard Insurance: Protecting Your Assets from Calamity Brooklyn NY

Hazard Insurance: Protecting Your Assets from Calamity

Hazard Insurance

Flood.Earthquake. Hurricane. Wildfire. Each of these weather events can causesignificant destruction to our property—and our wallets. But with the properhazard insurance coverage, you can rest easy knowing your assets are covered.

HomeInsurance Coverages

Ifyou own a home, your mortgage lender probably requires you to carry homeownersinsurance. This policy protects the structure of the home and thebelongings inside from damage and total destruction.

A common home insurance policy will usually protect you from damage caused by:

• Smoke, fire and lightning
• Vandalism and burglary
• Wind and hail
• Water damage from homeappliances (like a refrigerator or water heater)
• The weight of heavy snow orice

Despitethese coverages, home insurance does not protect your home from flooddamage or earthquakes. And as we saw with the insurance problems along the Gulf Coast in 2005, you should always purchase flood insurance in addition to your homeinsurance policy if you live in a flood-prone area. Flood insurancecan be purchased through some home insurance companies, or directlythrough FEMA’s National Flood Insurance Program (NFIP). ...

Click here to read the full insurance article from Insureme.