Flood waters stream down the road in Muhlenberg Township, Pennsylvania, after a major storm last August.
Ben Hasty | MediaNews Group | Getty Images
Continuing climate change and soaring lumber costs are two things you may need to consider when it comes to your homeowners insurance.
Whether you live in an area prone to hurricanes, tornados, flooding, hail, wildfires or severe storms — all of which are becoming more prevalent — it’s important to know which types of weather-related damage your policy covers, excludes or charges a separate (and likely higher) deductible for.
When it comes to roof damage, homeowners insurance can help you reduce out-of-pocket expenses. However, not everything is covered. Here’s what homeowners need to know about roof damage coverage. (iStock)
There’s no doubt that home insurance can be complicated. Knowing what kind of coverage you have for different situations — such as sustained damage to your roof — and how much you have, can be difficult to understand.
That’s why it’s better to be prepared. Here’s what homeowners should be familiar with when it comes to what roof damage will be covered under certain insurance policies and what
Is your policy offering the right protection? Are you paying too much? Use this home insurance guide to find out. (iStock)
Having adequate insurance is critical as a homeowner. Not only does it protect your investment (the home), but it also keeps you from being financially drained if an unexpected disaster should occur.
Unfortunately, nailing down the right policy can be tedious. There are all kinds of home insurance coverage to consider — some that are required by your mortgage lender and some that are optional. Even for an experienced homeowner, it can be a lot to think
Mold can be hazardous to your health and your finances. (iStock)
Mold is a kind of fungus that grows when it’s around moisture. People are exposed to mold and its spores on a daily basis but that exposure is typically harmless in small doses. But if your home becomes a haven for mold, it could increase your risk of getting sick, especially if you’re allergic.
If mold is in your home, it’s often found in the kitchen, bathroom, laundry room, basement or crawl space. Unlike mildew, mold isn’t easily cleaned up with household cleaning products. Once you find
A home warranty and homeowners insurance may both cover your home, but each offers distinct protection. Learn more about what you need as a homeowner. (iStock)
Have you ever wondered what the difference is between a home warranty and homeowners insurance? Although they both offer homeowners protection from various out-of-pocket expenses, the two offer different types of coverage.
Owning a home isn’t cheap — even without your monthly mortgage. Homeownership requires ongoing home maintenance and sometimes extensive repairs or replacements. According to HomeAdvisor, the average homeowner can pay between $1,185 and $5,056 to restore or repair water damage.
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