While properties closest to the coast are usually the likely targets of a hurricane, there are times when a storm will make an unexpected turn and impact more inland properties. If that occurs, do you know how to get the most from your insurance coverage?
After an incident has occurred (or ideally, before a natural disaster hits, if possible) it is important to find out just exactly what is and is not covered by your policy. Although all insurance policies are different, in many cases, the damage from high winds will be covered under standard home owners’ policies. Flood damage, however, will oftentimes be excluded.
In order to obtain flood insurance protection, there are plans available through the federal government. Unfortunately, though, it is estimated that only about one in eight home owners across the U.S. have this.
Even if your home owner’s insurance policy does cover some or all of the perils that occur, you may still have to fight for your rightful coverage. Oftentimes, for instance, insurance companies will include a lot of “fine print” in their policies, which could provide them with loopholes for getting out of paying certain claims. With that in mind, be sure that you not only understand your policy’s coverage, but that you are also ready to fight for the protection you’re owed.
As you go through the claims process, be sure that you keep a record of all communication that you have with the insurance company, as well as other related personnel such as insurance adjusters.
Are you thinking about making a move soon? If so, making sure that your current and your new home are properly protected with insurance coverage is important, as is setting the proper listing price, and making your property as attractive as possible to potential purchasers. Give us a call for more information and to ensure a smooth, easy transaction.