When you’re buying home insurance, what do you hope to protect?
You probably want to protect your belongings, both inside and out. You probably also want to protect your home itself—the foundation, the walls, the roof, and any appliances or other equipment that makes it functional. But as many homeowners have found out in recent years, there are things about our homes that we can’t always control.
Some natural disasters are unavoidable: earthquakes and hurricanes are just part of life in certain parts of the country. These kinds of disasters can destroy a home’s foundation, destroy a roof or wall, damage appliances and electronics—even cause fires that burn down entire buildings. When it comes to these disasters, there’s not much you can do but ensure you have enough coverage so that if something happens, you won’t have to worry about paying for repairs on your own dime!
When it comes to natural disasters, floods and severe storms are just some of the major threats that cause widespread damage to homes and businesses.
Typically, flood damage cleanup can cost around $500 for floors, up to $800 for drywall repair, and $2,000 to repair a roof. The cost of flood damage cleanup can increase significantly if more materials and equipment are involved in the cleanup process.
Disaster recovery can cost homeowners $20,000 or more per property, depending on the severity of the damage caused by natural disasters such as hurricanes and tornadoes.
Typical Homeowners Insurance Coverage
One of the most important things to consider when buying home insurance is what your policy covers. Home insurance will cover unexpected events or accidents such as theft, windstorm, or fire. These types of events are referred to as perils amongst insurance companies. However, home insurance policies typically don’t cover certain types of unexpected events, such as floods, hurricanes, earthquakes, or landslides.
Why You Should Consider Additional Coverage
We’ve all seen the news, and we know that natural disasters seem to be occurring more frequently and with greater severity than ever before. Know that if your home is damaged in a hurricane or tornado and you only have regular insurance, you WILL be forced to pay for repairs out of your pocket. Depending on the damage, this can mean a huge expense that could put you in financial hardship for years.
Natural disasters can be quite costly, from home repairs to lack of work and medical bills. If you want to protect yourself from financial hardship due to natural disaster damage, additional home coverage may be right for you.
Find the Best Coverage Today
When looking for home insurance, it’s easy to get overwhelmed by all the options. But the truth is that most people only need a basic policy, and you can save big with Hometown Financial Group!
We’ll help you find the right insurance package to mitigate risk while also saving money. And if you’re in an area where natural disasters are common, like hurricanes or tornadoes, we can even help you get a quote on a special policy that will protect your home and its contents in case of disaster.