Most homeowners are familiar with basic insurance terminology like deductibles and premiums, but the details of insurance policies often go overlooked. People find themselves uncovered and out of luck when the unfortunate happens.
There are so many unexpected events that can cost money and put extra stress on a family: dog bites, a guest slips and falls at a pool party in your home, or even mold.
In May of 2010, many homeowners in Nashville found themselves in dire situations after a flood destroyed nearly 11,000 properties in just 36 hours, causing more than $2 billion in private property damage. In the aftermath and days following the flood, thousands of homeowners were shocked to discover that their standard policy language did not cover their losses in the instance of a flood.
Do you know what is covered in most homeowner’s insurance policies? Take this quiz from The Nest to find out.
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