Your insurance probably covers rain damage. Flooding, not so much

Many homeowner policies cover rain and wind damage. Flood damage is another matter. (Getty Images)

More than a few Southern California homeowners may now be wondering if their insurance covers hurricane damage.

The answer is yes, maybe. But not entirely.

Many homeowner policies cover rain and wind damage. So if you find a leak during this downpour, or if a tree falls on your house, chances are your insurance company will help with the repairs.

Flood damage is another matter entirely.

Most policies do No cover floods (unless you are required to have flood insurance because you live near a coastline or river).

That means if the damage to your home is coming from the ground up, not the sky down, you’re probably on your own.

You can purchase flood coverage separately, but, like earthquake insurance, it is expensive.

Most flood policies will limit damage claims to $250,000 for structures, and $100,000 for what is inside the property.

Also, don’t think you can take a snap and buy flood insurance when the clouds come.

There is usually a 30 day waiting period for coverage to prevent people from judging the policy when the storm arrives.

Pro tip: Periodically call your insurance agent and review your coverage for home repairs or market changes.

Oftentimes, costs for wood and concrete can go up after your policy is issued, and you may no longer have as much coverage as you thought.

Ask about add-ons to your insurance that can offset unexpectedly higher commodity costs.

And make it a habit every year or so to walk around your house with a phone and video in every room.

Documentary evidence can make things a lot easier when your insurance company refuses to cover your state-of-the-art home entertainment system or mega-stereo.

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