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The Watercooler
earthquake and hurricane damage.
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<blockquote data-quote="InsaneCdn" data-source="post: 458605" data-attributes="member: 11791"><p>That deductable kinda caught my eye too... first reaction is "what kind of house do you live in anyway!"... but at 15%... its nothing extravigant.</p><p>And that will probably be house AND contents - right? I won't tell you what our deductable is (don't need envy).</p><p></p><p>We can't get flood ins - OR earthquake ins - but for different reasons.</p><p>Nobody knows what our earthquake risk is... so they won't insure it.</p><p>Flood - happens far too often.</p><p>Wind-driven rain = same as flood, unless you can prove the water damage is due to storm damage allowing water in (for example, storm snaps tree into house... even if it just breaks the window, any water damage as a result is storm damage - but forcing rain between the door and the jamb? "bad maintenance" - no coverage.</p><p>Water in basement = flood. Unless it came in through the sewer system, in which case it is covered.</p><p>Hail damage - is covered - shingles, for example, damaged siding, windows.</p><p>Tornado - not covered. Can't get insurance for "acts of God". Which is why flood isn't covered either.</p><p></p><p>Insurance is such a complicated business. We can't afford to not have it. But when insurance takes up the first 25% of your take-home pay... its not nice. And we're not even paying for basic medical ins! (this is Canada). House. Car. Life. Disability. Extended health care (medications etc.). Debt insurance.</p><p></p><p>I'm going to bed before my head explodes just thinking about this stuff!</p></blockquote><p></p>
[QUOTE="InsaneCdn, post: 458605, member: 11791"] That deductable kinda caught my eye too... first reaction is "what kind of house do you live in anyway!"... but at 15%... its nothing extravigant. And that will probably be house AND contents - right? I won't tell you what our deductable is (don't need envy). We can't get flood ins - OR earthquake ins - but for different reasons. Nobody knows what our earthquake risk is... so they won't insure it. Flood - happens far too often. Wind-driven rain = same as flood, unless you can prove the water damage is due to storm damage allowing water in (for example, storm snaps tree into house... even if it just breaks the window, any water damage as a result is storm damage - but forcing rain between the door and the jamb? "bad maintenance" - no coverage. Water in basement = flood. Unless it came in through the sewer system, in which case it is covered. Hail damage - is covered - shingles, for example, damaged siding, windows. Tornado - not covered. Can't get insurance for "acts of God". Which is why flood isn't covered either. Insurance is such a complicated business. We can't afford to not have it. But when insurance takes up the first 25% of your take-home pay... its not nice. And we're not even paying for basic medical ins! (this is Canada). House. Car. Life. Disability. Extended health care (medications etc.). Debt insurance. I'm going to bed before my head explodes just thinking about this stuff! [/QUOTE]
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earthquake and hurricane damage.
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