If you're wondering why the heck I'm discussing home insurance on Adventures in Baby Savings, here's why: I literally had to use it over the last month!
In my previous post, I revealed how my condo unit experienced a massive flood (which, by the way, we are STILL recovering from after moving back into our home last week!).
One thing this experience has taught me is that you should NEVER assume you won't need home insurance. We didn't expect a flood to happen in our building — but it happened, and thank goodness we had insurance to back us up. We ended up replacing our entire flooring, plus furniture, cabinets, dressers, tables and such. Imagine the money we'd have to spend if we never had insurance!
So if you're looking into home insurance for the first time – or you want to be sure you have the right policy – follow this list:
1. Read your coverage pamphlet from beginning to end. For instance, insurance policies do not cover all types of flooding.
2. Double check that you're covered for additional living expenses. This includes having your hotel accommodations covered while your home is getting repaired.
3. Looking for discounts? See if you can combine your auto and home insurance.
In addition, if you already live in a condo building, do NOT assume your condo will automatically pay for your damaged belongings! Bottom line: it's worth it to invest in home insurance, trust me.
Can you add more noteworthy home insurance tips to my list?
No comments:
Post a Comment