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Many people assume that just because they have homeowners insurance, they have protection against any kind of incident. Unfortunately, many people don't realize just how untrue this is until they place a claim and it gets denied, and by then, it's too late.
Separate insurance coverage is offered for natural disasters like floods. As a homeowner, it's important that you understand this so that you get the coverage you need. When you compare homeowners insurance rates, be sure to consider the fact that you need to purchase separate coverage for flood if you live in a flood zone. If your home is not in a flood zone, you might not need this additional coverage. Keep in mind, however, that flooding doesn't only occur inside of flood zones.
Floods aren't the only disasters that require the purchase of special coverage. Earthquakes and sinkholes sometimes also require separate insurance coverage. Find out which natural disasters are common in your area and how to protect against them.