December 2012

Homeowners policies are all about risk-sharing


Homeowners policies are like homeowners: They come in many sizes and shapes. Some are long on coverage and short on paperwork, and others quite the opposite. So becoming familiar with the sometimes subtle provisions of homeowners policies is a good idea for anyone who owns a home or is thinking about buying one.

Homeowners insurance with flood coverage is rare


Homeowners insurance policies with flood coverage are hard to find. A consumer can pretty well assume that any standard policies he considers will not cover flood damage. Flooding is such a devastating kind of damage—not only ruining contents but fostering mold that requires a damaged home to be taken back to its studs.