Personal Property Sublimits: Why Your $250,000 Homeowners Policy Pays Only $1,500 for Stolen Jewelry
A burglary cleaned out $9,200 in jewelry from Lauren Castillo's bedroom dresser. Her $250,000 homeowners policy paid only $1,500 because of a sublimit she had never read.
Ordinance or Law Coverage: Why Your Insurer Won’t Pay to Bring an Old House...
Aisha's insurer paid for the kitchen fire damage. The city required her entire 1962 colonial brought up to current code. The $87,400 gap was hers to absorb.
Homeowners Insurance Doesn’t Cover Flooding
Sandra had $340,000 in homeowners coverage and three feet of water in her living room. Her insurer paid zero. The standard homeowners policy excludes flooding entirely, and most homeowners don't find out until after the loss.
Your Homeowners Policy Covers Water Damage, Except for the Type Most Likely to Actually...
A Cincinnati homeowner returned from a weekend trip to find $18,700 in sewer damage that her homeowners policy wouldn't touch. The water backup exclusion was on page 11 of her declarations. The endorsement would have cost her $80.
You Turned Your Old House Into a Rental and Didn’t Tell Your Insurer. Your...
A Charlotte couple kept the homeowners policy on their old house after renting it to a family friend. Ten months later a kitchen fire caused $87,000 in damage and the insurer walked away.
Your Home Is Worth 40% More to Rebuild Than It Was in 2019. Your...
Tom and Linda bought their home for $295,000 in 2017 and insured it accordingly. Six years later, a kitchen fire triggered a full rebuild estimate. Their policy covered $310,000. The actual cost was $489,000.
How to Compare Homeowners Insurance Policies
Owning a home is one of the largest financial investments most people make. Homeowners insurance helps protect that investment against a wide range of...
