Heavy Rainstorms Cause Many Phoenix Residents To Reevaluate Their Insurance Policies
Many Phoenix, AZ residents are still reeling from storm damage caused by multiple heavy rainstorms during the first week of September, but some homeowners are realizing that their frustrations are just beginning. Contrary to popular belief, damage caused by flooding is often not covered by most insurance policies. And while a good rainstorm or two tends to remind homeowners about the importance of having both homeowner or renter and auto insurance, checking up on one's insurance policies after a big storm occurs may result in some unpleasant surprises.
As Russ Wiles notes in a recent azcentral.com article, homeowners -- like many Phoenix residents at the moment -- don't realize (or remember) that their insurance policies have complicated rules regarding water damage coverage. A spokespers...