Summer storm season is here! Here are 4 easy steps to make sure you are ready and properly covered.
- Buy the right policies
No single insurance policy will cover all types of hurricane damage. For example, most homeowners insurance policies won’t pay for flood damage, so if you want coverage, you’ll need flood insurance.
Don’t wait until a storm is on the horizon: It can take up to 30 days for a new flood insurance policy to go into effect.
- Check your coverage limits
Last year, many of us sheltered at home and did a lot of DIY projects. Have a conversation with your agent and make sure that he or she is aware of that. If you’ve made significant upgrades to your home, you may need to increase your policy limits to be fully covered.
- Evaluate your deductibles
For some homeowners, a hurricane claim could cost significantly more than other claims. If you live in a hurricane-prone area, you could very likely have a separate hurricane deductible you have to pay out-of-pocket.
Raising deductibles can save you money on your premiums, but the strategy could backfire if you have trouble coming up with enough cash to cover the deductibles in an emergency.
- Make a home inventory
Imagine coming home after a hurricane and finding a pile of rubble. When filing a claim, would you remember every kitchen gadget or pair of shoes that need to be replaced? Spare yourself the hassle by creating a home inventory in advance.
Let’s make sure you’re prepared for the summer storm season and properly covered. Contact us today for assistance with your insurance needs.