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Secure home coverage against these serious risks.

While you might not give them very much thought, landslides and mudslides can cause some very serious damage to your home.  In fact, the U.S. Geological Survey estimates that landslides cause an average of $2-4 billion in damage every year.  While you might assume that your home is protected against these damages by your existing homeowners insurance in Lubbock, Texas, this isn’t the case.  Landslide and mudslide damages are excluded from coverage under standard home insurance as a form of “earth movement.”  Additionally, flood and earthquake insurance will not cover this risk either.  So how can you secure the coverage that your home needs?  Read on to find out.

  • Landslide and Mudslide Coverage Options

Homeowners can secure coverage for landslide damages with a difference in conditions (DIC) policy.  DIC insurance specifically offers coverage for the perils that standard insurance policies usually exclude.  Typically, DIC insurance is issued as a standalone policy, but some insurers may offer you the opportunity to add this coverage onto your existing homeowners policy as an endorsement.

  • DIC Insurance Cost

The cost of your DIC insurance is dependent on multiple factors.  For instance, your insurer will take into account the slope of your property, how close your home is to mountains and hills, and the frequency of land and mudslides in your area.  Obviously, the higher your risk for land and mudslide damage, the higher your DIC insurance rates will be.

This is how you can secure home insurance coverage for the damage caused by landslides and mudslides.  Do you have additional questions regarding your homeowners insurance in Lubbock, Texas?  If so, then contact the experts at Promised Land Insurance Group today.

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