Month: April 2014


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Homeowners: Watch Out for Water Exclusion Clauses

 
If you’re a homeowner, you don’t need to be told just how expensive it can be to make major repairs to your property. Even things that seem small can sometimes end up costing thousands, and bigger jobs easily climb into the tens of thousands – especially if there’s structural damage or changes to theplumbing or electrical wiring are involved. That’s why there’s homeowner’s insurance—by making regular payments to your insurance company, you’re getting the peace of mind that if disaster does strike, you won’t be footing the repair bill yourself. But what if you dutifully pay your insurance premiums every month only to discover that when you need to file a claim, your insurance company denies your claim based on an exclusion clause?…

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