Consumer Reports: What You Don’t Know About Homeowners Insurance Could Cost You
We buy homeowners insurance to protect against the high drama of our greatest fears: tornadoes ripping off the roof, fire racing up the stairs, floodwaters lapping at the front porch. But in reality, the worst rarely happens. And even in the event that, say, a tree crushes your deck or an errant baseball shatters your leaded-glass picture window, the damage tends to be minor and the repairs easy to resolve with your insurer. As a result, most of us don’t spend a lot of time thinking about homeowners insurance. We get the coverage when we buy our house and then—unless and until something happens—pretty much put it out of our heads.