When we purchase home owners insurance we tend to think disasters won’t happen. Which is why most people don’t purchase earthquake coverage or flood insurance, or any other disaster insurance. Some people play the odds that it won’t happen to them and other people just aren’t knowledgeable about what their insurance will and will not cover. And some people are, well, cheap!
Take for example the Seattle earthquake a few years ago. Luckily the majority of people didn’t have any damage but what if you did? Would your insurance cover you? What about the floods over I-5 a few years ago? Yes federal aid was available but some of those people had to wait MONTHS to see that money. If you were affected would your insurance cover you?
You never know when disaster is going to strike. I’m not telling you what to do, I’m just suggesting you be knowledgeable about what your insurance will and will not cover when disaster does come along.
Here’s a great article from the folks at Zillow. When you need disaster Insurance.
Seattle Rattle Blog 