May 11, 2021

homeowners

There are more reasons this year to check your homeowners insurance

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.

Add in current lumber prices — they

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Does homeowners insurance cover roof damage?

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

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How to get the best homeowners insurance policy for your needs

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

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KSL Investigates: What water damage is not covered by homeowners insurance?

SALT LAKE CITY – When it comes to homeowners’ insurance, there are certain things you can just count on being covered.

Damage from fire and wind is going to be covered, but damage from water is … a bit more complicated.

Michelle Megna with Insurance.com said thousands of homeowners every year are shocked when the inside of their home ends up wet — and insurance leaves them high and dry.

“Water damage claims are among the most common claims that homeowners make,” she said.

One rule of thumb, she said, is to try and answer the question: Where did the

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Is mold coverage included in my homeowners insurance policy?

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

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What’s the difference between home warranty and homeowners insurance?

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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