I don’t know about you – but up until last week when I’d think of a meteor the thought that would come to my mind would be of trying to catch a beautiful display of “shooting stars” streaking through the night sky. While I’ve watched enough sci-fi movies to be aware of a perceived danger from world ending asteroids, I’ve admittedly never really contemplated the real life danger from such a phenomenon.
Granted, I was familiar with the story of Ann Hodges who was taking an afternoon nap on her couch before being rudely, “rocked” awake by a meteorite that crashed through her ceiling, hit her radio console and smashed into her hip, but I figured she was just unlucky. Now after seeing all of the photos and videos of meteor that hit Russia, it leaves me wondering what the chances are of something like this happening close to home. (Not to mention my sudden curiosity as to why so many Russian drivers have dash cams installed in their cars?!?)
While I can’t address the probability of us being struck by a meteor, I can help address who would pay for the damages should your house suddenly be rocked by a meteor – or a more likely case of “blue ice” for that matter.
Standard homeowners insurance polices provide coverage for falling objects – including satellites, asteroids, meteors and space debris when the falling object causes to the structure of the home, as well as to property or belongings damaged within the building.
If a satellite, meteor or asteroid falls on your car, coverage is provided under the optional comprehensive portion of a car insurance policy. And if falling debris causes an auto accident, the liability portion of the policy would come into play.
In the tragic event that space debris were to strike a person, his or her injuries would be covered under health insurance and, in the event of a death, existing life insurance policies would kick in.
So, even when the sky seems to be falling, insurance can provide peace of mind.
Contact me if you would like to be discuss your home insurance so we can be sure you have the proper coverage in place for life’s next phenomenon.
As a homeowner, it is imperative that you understand what is covered, or more imporantly — what’s NOT covered.
Not all policies are created equal
There are many different options with home insurance, so it is important to first know what is included in a standard home insurance policy. Simply because you have a policy does not mean you have obtained proper protection, and sadly most people only come to realize this when it is most important — when you need to file a claim.
For example: One common exclusion in standard home insurance policies is damage caused by water back-up of sewers and drains. However most insurers provide the option to add the coverage back for a nominal cost. I include this coverage on every single proposal I deliver. If the client opts to decline and sign off on this coverage it is because they have made the decision to remove the coverage — not because I made the decision for them in an effort to be the cheapest.
I never want to find myself on the phone with an angry client standing in two inches of their own crap, wondering why in the hell I wouldn’t have told them about this inexpensive coverage in the first place. That would be, well…crappy.
Do you’re homework and find out how well you are (or aren’t) protected:
If you live in Indiana and would like to discuss your insurance with me Click Here.
Spring is on the way, which means that Daylight saving time is beginning. When it’s time to “spring forward” and change the clocks on Sunday, March 11, make sure to change the batteries in all of your smoke and carbon monoxide detectors. Even if batteries were recently changed, it’s still very important to conduct your monthly test of your alarms. It could save a life!
Reminder: Smoke & CO detectors do not last forever. The maximum life span is 8-10 years. After that time, the entire unit should be replaced. If the unit does not respond properly when tested, it should be replaced immediately.
Do you know what’s really covered in a home insurance policy? Not many people do. It is important to have home insurance because it is designed to help protect you, the homeowner, from the different risks associated with owning a home.
This infographic helps outline what is and is not covered in a general home insurance policy so that you could better understand your needs ahead of time.