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How To Manage A Home

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Owning a home in the United States is no easy task and proves to be much more difficult than many people ever imagine. The high levels of stress that are generated from owning a home can be proven to be incredibly high for many people. This is because they do not know what to do with mold removal, water leak detection, or how to handle themselves after a fire.

Dealing with fires or serious issues with the foundation can be hard for anyone, even people who consider themselves to be very smart. So many people will struggle to understand asbestos testing, asbestos encapsulation, and how to handle interior water damage. Here are all the facts on dealing with asbestos encapsulation.

A sheet of drywall standing upright with its edge sitting in a half-inch of water can wick water up to 6 inches in less than three hours. Dealing with asbestos encapsulation can be difficult and that is why it is important for homeowners to help arm themselves against water damage done to their home. There is no shame in relying on an expert to help with asbestos encapsulation.

Within the span of 48 hours mold can easily grow within an untreated most environment. So when dealing with asbestos encapsulation and mold, it is essential for a homeowner to be quick in calling an expert to help fix the situation. This is especially so for anyone living in flash flood areas because these floods can produce walls of water that are almost 20 feet high.

The most widespread natural disaster aide scenarios often involve floods, aside from wildfires. It is important to know that just about 90% of all natural disasters declared by the President in the United States will involve some sort of flooding. When a 2,000 square foot homes take on water damage it can end up costing a homeowner nearly $50,000.

Furthermore, just about 20% of all insurance claims are related to some form of water damage. So again, dealing with water and asbestos encapsulation is really important for homeowners to deal with and they should be prepared for this. Severe thunderstorms can cause people just about $9.6 billion every year and in 2015 they comprised just about 60% of all insured losses.

Winter storms and cold waves caused $3.5 billion in insured losses in 2015, almost double the 10-year average of $1.8 billion. Wildfires, heat waves, and drought produced $1.9 billion in insured losses in 2015, below the 10-year average of $2.8 billion. While asbestos encapsulation is not as serious as crazy wildfires, it is something that should still be taken very seriously.

Insured losses due to natural disasters in the United States in 2015 totaled $16.1 billion which is more than the $15.3 billion total for 2014. To properly prepare for some sort of catastrophic situation, most insurance companies will set up some form of 24-hour emergency hotlines. Keep in mind that in the second-quarter of 2015, the homeownership rate was at just about 64% according to data collected across the nation.

In late February, tornadoes struck Illinois, Indiana, Kentucky, and Ohio. Harrisburg. These places definitely experienced the most concentrated destruction, which resulted in nearly 225 homes and businesses damaged or destroyed and an estimated $475 million in total damage. Again, dealing with asbestos encapsulation is not the same as a tornado but it is still important.

In the year of 2013, the average homeowner’s insurance premium rose by 6% which follows a 5% increase in the year of 2012. This information came from a study conducted by the National Association of Insurance Commissioners in the month of February in 2016. A 2015 Insurance Information Institute poll conducted by ORC International found that 95% of homeowners had homeowners insurance but only 40% of renters had renters insurance.

In Conclusion

There is no doubt that homeowners should make sure that they have a good insurance plan when they go forward with owning a home. This is because so many people will end up in situations where they are completely over their head. Not all of the insurance situations that are extreme deal with natural disasters like floods and tornadoes but instead involve asbestos encapsulation.

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