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Does homeownrs insurance cover lightning and power surges?
A sudden summer thunderstorm rolls in, lightning cracks directly overhead, and within a split second, your lights flash and the TV goes black. When the storm passes, you discover your smart refrigerator, entertainment system, and HVAC unit are completely dead. As modern households fill with thousands of dollars in sensitive electronics and appliances, electrical damage is a growing threat. But when disaster strikes, does your homeowners insurance policy actually have your back? The short answer is: usually yes for lightning, but it depends when it comes to power surges. Understanding how insurance carriers differentiate between natural atmospheric events and grid-level electrical hiccups can save you thousands of dollars in denied…
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What does homeowners insurance actually cover?
Protecting your home is about more than just satisfying a mortgage requirement; it’s about safeguarding your peace of mind in the beautiful High Desert. Whether you are a long-time resident or a newcomer to Central Oregon, understanding Oregon homeowners’ insurance is the first step in protecting your greatest investment. In this post, we’ll break down exactly what a standard homeowners insurance policy covers and why choosing the right policy in Bend, Oregon, is vital for local residents. The Core Components of Homeowners Insurance Most standard policies are designed to cover a broad range of risks, typically referred to as “perils.” Here is a breakdown of the primary coverages: Dwelling Coverage:…
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The 5 Hidden Gaps in Homeowners Insurance Every Oregon Homeowner Should Know
Homeowners insurance is often treated like a quiet guardian—reliable, steadfast, and ready to shield your home from life’s uninvited plot twists. But even the strongest shield has seams, and understanding where those seams lie can save you from costly surprises later. Here are five common gaps many homeowners don’t realize exist until it’s too late. 1. Flood Damage Isn’t Covered A burst pipe? Covered. A river that decides to audition for your living room? Not so much. Standard homeowners’ insurance does not include flood protection. In areas like Central Oregon—where rapid snowmelt and quirky weather patterns can cause unexpected flooding—this gap can be a serious financial pitfall. Flood insurance must…
