Insurance coverage issues.
by: Christine Zafra
If you have a HO-3 or a HO-5 type of policy and you read or your agent told you that it is an “all risk” type of policy, behold—do not celebrate yet. You have to know whether what “all risks” covers. There are certain types of damages that are not covered by your insurance company such as mudslide, earthquakes and sometimes, flood. Before engaging with a certain insurance company you have to read the terms and conditions, or perhaps, the limitations of your insurance so that you’ll know whether damages incurred by some rather unconventional disasters are covered by your policy.
Photo taken from http://images.jupiterimages.com