In an August 24th cnnMoney.com article columnist Gerri Willis says “There are a lot of events that a typical home insurance policy don’t cover.” She mentions a family that lost its home to a storm induced mudslide and says, “You may wonder why something like this isn’t covered by insurance. … But in fact, there are a lot of events that insurance doesn’t cover. Typical homeowner policies do not cover floods, earthquakes, mudslides, sinkholes, war or nuclear accidents. In the case of mudslides, you may be covered if you have flood insurance. But a flood policy will not cover damage if a hillside becomes saturated as a result of rainfall and slowly begins to move. That’s considered earth movement.” See the article for further discussion and suggestions.

Ever wonder if the homeowners insurance policy you purchased or your about to purchase is enough in case of a disaster? Know the difference between appraised value and market value.

Christina Stubler with LGS Insurance Services agreed to be interviewed to help you with this important decision.   Her number:  408-395-9800  License 0788196  visit: www.lgsis.com for more details or questions.