Do You Have the Necessary Insurance?
Posted on | April 19, 2007 |
Many homeowners hit by the Nor’easter storm this weekend are discovering they’re missing adequate coverage - sewer-backup insurance, according to today’s Wall Street Journal.
Chances are your own policy might not have this coverage as well. According to WSJ, only 20% of homeowners have paid for sewer-backup insurance, which is available by adding a rider to your homeowners’ insurance policy and costs usually about $40-50 a year.
So, do you really know what you’re covered for? First, have a general look through your policy. Second, make an appointment with your insurance agent to talk about your policy, especially if you haven’t reevaluated your situation for quite a while (meaning 2 years or more). Talk to your agent about these additional riders and ask if you should be adding additional coverage to your existing policy.
- Ask Your Agent About Your Coverage
- Purchasing Flood Insurance
- Hurricane Katrina: Insurance Lessons Learned
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