Ways to Rebuild After a Disaster Your Insurance Doesn't Cover
When several major hurricanes made landfall in the United States in the fall of 2017, billions of dollars in property damage occurred. Much of the damage involved flooding of private homes -- a significant percentage of which were not in flood zones and did not have flood insurance coverage.
Unfortunately, while most people believe their homeowners' insurance will provide comprehensive coverage, this is not always the case. Earthquakes, sinkholes, and flooding are among the calamities that can destroy your home that aren't typically covered by a standard homeowner's policy.
If you experience any of these disasters and discover too late -- after the damage is done -- that you aren't covered by insurance, you'll need to explore other ways to pay to rebuild. Here are a few suggestions to help.
Source: Fool.com
