Making a Homeowners Insurance Claim? Get Ready for a Big Surprise

It’s time to know your home insurance inside-out to make sure you get the coverage you need.

When your home looks like this after it's damaged, do you think your insurance company will pay for everything? You're probably in for a surprise. Tim Carter/Tribune Content Agency

Do you have homeowners insurance? How much do you know about your policy or contract?

Your policy is just a contract between you and the insurance company. When was the last time you read your policy cover-to-cover? If you’re like me, you purchased a policy sight unseen assuming that you and your possessions are protected in case of a fire, flood, storm, water leak or other calamity.