Does My Home Insurance Policy Cover Flood?

Nobody knows what the future holds. Nobody even knows what will happen in the next minute. It’s not easy to be a homeowner in America, which is why you need to protect your house from the unknown. Disasters happen every now then, and as a homeowner, you have a lot to lose from such. You need to protect the investment that is your home.

Homeowner’s Insurance

How can you do that? Simple, by getting a homeowner’s insurance policy to shield yourself from financial losses that may arise from the occurrence of a disastrous event. A homeowner’s insurance policy typically covers the structure of your home and some of the personal belongings in it. For instance, if a fire breaks out and destroys your home and everything inside, you are entitled to compensation for the house itself, most of the belongings inside, and depending on the terms of your policy, accommodation as the repair work for your home continues.

Does Your Homeowner’s Policy Cover All Types of Risks?

A typical homeowner’s insurance covers a lot of perils from theft to fire, vandalism, and natural disasters. But it doesn’t cover everything. In most cases, high-value items such as jewelry are not catered for by a standard homeowner’s policy, and you have to get additional coverage if you want such items covered. Most notably, standard homeowners’ policies don’t provide coverage against floods. If you want your home covered against losses in the event of a flood, you will have to purchase a standalone flood policy.

The federal government, through the National Flood Insurance Program (NFIP) in collaboration with the Federal Emergency Management Agency (FEMA), provides coverage against floods to areas considered to be flood prone. You can also purchase a private flood insurance policy from reputable insurance providers. If you live in Arvada, CO, Alliance Insurance Services has got your back. For information on our private flood insurance policy, call us and speak to one of our agents directly.

Does Your Motorcycle Insurance Cover You Without A Helmet?

Motorcycle riders in Arvada, CO know that they are required, by law, to wear a helmet when they ride. Colorado is one of the states that makes this mandatory, but what if you ride without one? Will a policy from Alliance Insurance Services still cover your accident?

Any accident you suffer while on a motorcycle covered by insurance is likely to be covered by your policy. This fact is true even if you aren’t wearing a helmet. However, the lack of a helmet could complicate your coverage a little and make some instances of coverage more difficult.

For example, continually wearing your helmet and following the law will likely decrease your claim if you do get in an accident. That’s because the helmet will protect you from the kind of serious head injury that can often be so debilitating in motorcycle accidents.

For example, one study has shown that hospitalization costs go up by more than one-third after an accident if you fail to wear a helmet. Your policy will struggle to pay for these extra costs and may not cover everything, leaving you with a large bill to pay.

Just as importantly, getting in a crash without a helmet may cause you to get fined for not obeying the helmet laws. When this fine is reported to your insurance company, they are likely to increase your rates. That’s because you are now a high-risk driver who has shown poor driving choices when on their bike.

In some instances, your Arvada, CO motorcycle insurance policy may not insure you if you are doing anything illegal. For example, some may consider riding without a helmet an illegal act which may invalidate your policy.

However, liability insurance will pay for damage to others caused by your motorcycle accident, no matter what the cause. So contact us at Alliance Insurance Services to learn more about this situation and avoid serious financial difficulties.