Does Your Homeowners Insurance Really Protect You at All?

Understand what’s covered

There are eight main categories of homeowner’s insurance, designated HO-1 through HO-8. HO-1 isn’t used that much anymore, but the rest offer varying degrees of coverage against specific damages.

HO-3 is the most popular kind of coverage. It covers homeowners against all perils unless specifically exempted.

These so-called perils include, but are not limited to:

  • Lighting and fire damages
  • Hail and wind
  • Explosions
  • Damage caused by vehicles or aircraft
  • Civil unrest and riots
  • Vandalism
  • Smoke
  • Damage caused by the weight of ice, sleet, or snow
  • Damage caused by volcanoes
  • Catastrophes caused by the freezing of various home systems

The kinds of perils that are covered in a home insurance possible can be very exacting. The specificity of terms can limit coverage or require purchase of additional coverage. If you are unaware of how a claim can be successfully approved, owning such coverage can be almost self-defeating. Let’s explore some additional examples.

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Smarter cryptocurrency investments

The stock market crash of 2008 was the catalyst for his journey into alternatives. And interestingly, it was the impetus behind the creation of Bitcoin and the blockchain technology behind it. Keene Little wasn’t ready to risk his money yet but he was very curious, so he began charting Bitcoin’s technical patterns. What finally convinced him to dip a toe into digital currencies was seeing that they followed familiar price patterns that could be analyzed and successfully acted on. Now he shares those insights with subscribers to the Crypto Wealth Protocol.
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