Get an Insurance Check Up
Can one ever be ready enough for the hurricane season?
No matter how much you prepare, it still takes a toll on you physically and mentally.
One aspect that many don’t think about as each year passes; do you have enough insurance coverage?
Insurance is not usually top of mind until after a disaster hits. However, now is the time to take another peek at your policy, your assets (hopefully they have increased and so should your coverage), and to give your insurance company a call.
Hurricane season officially starts June 1st. Weather.gov recommends that you call your insurance company or agent and ask for an insurance check-up to make sure you have enough homeowners insurance to repair or even replace your home.
But before you pick up the phone and start that much-needed conversation, here are some questions you could think about and some to ask when talking with your insurance company;
Do you know if you have repair or replacement coverage?
Are there ways you can reduce your premium?
What sort of natural disasters occurs in your area? Here in Florida, the most common one is a hurricane, however, there are tornadoes, floods, lightning strikes, power outages, hail, wildfires, and even an occasional earthquake.
Did you know there are separate policies for floods and earthquakes?
Are you aware that there is a 30 day waiting period when you apply for flood coverage?
Do you have flood coverage? If not you can contact your insurance company or go to the National Flood Insurance Program at floodsmart.gov.
If you have made home improvements and your home’s value has increased, have you documented everything and updated your policy to reflect the changes?
Do the deductibles need to be raised or lowered on your current policy?
Don’t forget about coverage for your car, boat or recreational vehicles too.
If you rent, do you have a renter’s policy?
To properly cover yourself, insurance policies of any kind should be updated yearly.
Insurance is a topic many wishes to avoid talking about, however, it is very important to update and keep an extra copy of your important papers regarding your policies should a disaster hit and destroy your home.