What Insurance Companies Don't Want You to Know

   ................that you DO need coverage for water damage. That is one of the mistakes I made when I got home-owner's insurance. I thought I asked all the right questions about the coverage I needed, including flood coverage. I was told by the agent that flood coverage is not covered in a basic policy and you have to get that separately but, if your home is not a flood prone area then, it is unnecessary because if it is something major then, FEMA (federal government) or MEMA (state government) provides assistance. Now, I'm not trying to down the government (well, actually I am) but, we all seen how the situation with Hurricane Katrina went down (that doesn't give me much faith that I will receive help). Now, what the insurance agent did not tell me was that I should have gotten water damage coverage. This can help you in case your sump pump overflows, it shuts off due to power outage, a toilet flood an area of the home, etc. So don't let them get off the phone without talking about water damage coverage. Do the research to avoid regretting it in the long run.


Til next time,

JC