If your home recently sustained damage covered by your insurance policy, you may be thinking about signing an Assignment of Benefits or AOB. While an AOB can be beneficial in some situations and can save you the hassle of dealing with insurers, it also has the potential to lead to further problems.
In most cases, standard homeowner’s insurance policies do not contain coverage that protects you in the event of a flood. Fortunately, flood insurance is a relatively affordable type of coverage, as it is often government subsidized.
Many homeowners are surprised to learn that water and flood damage are not the same thing. While your homeowner’s insurance covers certain types of water damage, it will not cover destruction to your home or property caused by flood waters. To receive coverage for this type of damage, you must have separate flood insurance.
No one wants to live with mold. Not only can it damage your home, it can be harmful to your health. Unsightly, smelly, and downright dangerous, mold conditions should be remedied as quickly as possible.
After a particularly brutal September and October, with hurricanes battering Florida, Texas and islands in the Caribbean, climate scientists are paying even closer attention to the role human activity is having on these natural disasters.