ISU-Wiseman Insurance Blog
Wind Damage: Is This Real Threat Included in Your Utah Homeowner’s Insurance?
While not generally entirely overlooked, Utah homeowner’s insurance may often be insufficient. While some residents are required by their home loan contracts to keep a certain amount of coverage, those that are not may figure skipping the policy is a great way to save money in this economy. The truth is however, by not having insurance, or having too little by way of coverage, you could be heading into a very serious financial bind should a disaster occur.
Between November 30th and December 1st, 2011, the northern part of Utah was devastated by a windstorm. The Salt Lake City Tribune reports that the strongest winds recorded during the storm were 102 MPH, about the same as what would be produced by a Category 2 hurricane. Many homes were damaged and some even lost their entire roof to the hurricane-strength winds. President Obama declared the state federal disaster as of February 1st, 2012, which means Utah will receive additional aid in the recovery process.
Whether your mortgage lender requires it or not, it is smart to invest in a Utah homeowners insurance policy. Mother Nature can certainly threaten the investment you made in your house. With the right coverage, you can be aided in getting your home back to normal after a disaster.
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