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Once again, a storm has devastated a region and broken records. Hurricane Harvey dropped so much rain on Texas, the National Weather Service had to add new colors to its map graphics. Where will the money come from to repair the damage?
Seeing Hurricane Harvey’s devastation in Texas has left some people wondering if they have adequate home insurance. Unfortunately, for a lot of people, the answer is no, and that can end up costing thousands of out-of-pocket dollars if disaster strikes.
Mistake No. 1: Considering only cost, not value
United Policyholders Offers Texans Free Home Inventory App, Provides Guidance to Residents for Before and After the Storm
Insured homeowners in California whose homes have been badly damaged, but not destroyed, are entitled to coverage for the cost of repairing them, even if that cost far exceeds the property’s market value, under a ruling that has now become final.
The state Supreme Court unanimously denied review Wednesday of an insurance association’s appeal from a lower-court decision favoring a...