When it comes to home safety and preparedness, there are two factors you should consider—the current state of your home, and its unique exposure to risks and liabilities.
While you probably had an inspection when you first bought your property, there are many problem areas an inspector can miss:
- Old wiring may be up to code, but it can still spark a fire in your walls;
- Hidden mold in a damp basement could cause major health problems; and
- A poor drainage system could lead to thousands of dollars in flood damage and liability.
Beyond the condition of your home, its location and structure can render it more or less vulnerable to risk and natural disasters. Severe weather, such as hurricanes, earthquakes, high winds, tornadoes, wildfires and so on, can cause a great deal of damage and your insurance policy may not cover.