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III explains disaster issues in light of recent storms

Posted On Thu, July 26, 2012

The Insurance Information Institute recently clarified some home insurance rules for consumers after the large storms that struck the Midwest and Mid-Atlantic areas.

The storm, known as a "derecho," damaged many properties, cut power to more than one million residents and also registered many casualties. This type of storm can have a significant impact on the area it hits, as it reaches out across a large area sending severe thunderstorms and high winds. Due to the issues that came about when the storm hit, many people were left with significant insurance claims.

Home insurance covers fire incidents, as well as damage from heavy winds and lightning, the announcement explained. However, it is important to keep in mind that home insurance plans vary, so having a good understanding of the policy is also necessary. The dollar amounts for this type of coverage can vary significantly.

Any trees that hit the home will be covered, to some extent, according to the III. This typically is a limit of $500. In addition, trees that fall harmlessly into a homeowner's yard will need to be removed by their expense. However, if it blocks the driveway, it could be covered, depending on the plan. Large vegetation such as bushes and trees are covered for most incidents except for wind.

Home insurance policies will cover living expenses if a home is too damaged to live in for a period of time, the report added. This will include food, hotel expenses and other payments that occur in this time period.

Those who are concerned about the summer storm season and want to upgrade their plan may benefit by searching online for options. There are many policies with low home insurance rates that can help a person feel better about the ongoing season.

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