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Homeowners buy insurance on their property to protect it in case of a fire or other catastrophe. Buying cheaper homeowners insurance is getting easier by the day as a result of increasing competition and the Internet. By 2017 more than half of all insurance policies are expected to be purchased online. Homeowners policies are intended to give consumers peace of mind in case of a fire, theft or another catastrophe. But with increasing competition among insurance companies in the marketplace, many homeowners find out the hard way that some damages aren’t covered at all and that others are only partially covered. Flood insurance is one of the most misunderstood coverages in the industry. Damage caused by flooding is usually only covered by a special flood insurance policy provided by the federal government. Personal property can be destroyed in a major flood. Many homeowners believe insurance will protect them in almost any situation, but that isn’t the case as insurance companies look for more issues to exclude. Earthquake damage is excluded from the common homeowners’ policy. Not all areas of the country are at risk for damage from a quake so you may be able to do without this coverage, but damages from a major earthquake can be extensive in areas that are at risk. Landslide and sinkhole damage won’t be covered under the typical policy either. The soil beneath a home could move and end up damaging or destroying it if you live on expansive soil. This type of soil contains large amounts of clay that tends to slip after heavy rains. Consumers take control of their own destiny through Wise Insurance Quotes new platform to gain an upper hand on insurance companies and get exclusive insider insurance news for consumers reported by a staff of insurance industry veterans on homeowners, life, health care, rental and car insurance. Wise Insurance Quotes is an independent leading insurance news website that offers consumers news to use to save money on insurance premiums, including car insurance, homeowners, life and health care coverage. The website also regularly surveys visitors on important issues related to the insurance industry. Even though homeowners insurance covers damage caused by many events, researching exactly what is covered can make the difference between living in a home that is in good condition and dealing with problems for years. Buying cheaper homeowners insurance is easier online with the help of technology to check the rates and policies from dozens of companies at the same time with no obligation at Wise Insurance Quotes
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