Getting certain types of insurance coverage may make you feel safer in the long run, but a hidden crack in your coverage may end up making you worse off after all.
- Floor insurance. Although flooding occurs pretty much everywhere, only 12 percent of homeowners have flood insurance. There is the misconception that homeowners insurance will cover flooding, however, that is not the case.
- Sewage backups. Standard homeowners insurance doesn’t cover the maintenance of sewer lines that run from a main pipeline to your home, but regardless you need to have that covered.
- Earthquake safety. Most people across the country go without earthquake insurance. Particularly those who live near or on fault lines should look into this type of insurance.
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