September is the most common month for hurricanes making landfall in the
"Eight of the most catastrophic and costly hurricanes in
These five actions can help you stay ready for whatever the remainder of hurricane season has in store.
- Review Your Insurance Coverage: Homeowners insurance provides financial protection against disasters. It insures the home itself and the things you keep in it. Because homes get upgrades and possessions get added and replaced, your insurance must reflect these ever-changing improvements. Make sure you understand what is covered and what is not covered. You need to have enough insurance to rebuild your home and replace all of your personal belongings. Contact your insurance professional and ask questions. Understand your deductibles. If you have a hurricane or windstorm deductible, make sure you understand how it works.
"The time to review your insurance is before you need to file a claim," said Salvatore. "You don't want to find out after a disaster that you could have purchased additional coverage. For instance, many people should consider adding coverage for backup of sewers and drains or law and ordinance, which would pay to rebuild your home to current and more stringent building code standards.
Consider Flood Insurance: A standard homeowners insurance policy does not cover flood damage. Flood insurance is not only for those living in high-risk flood zones. More than 20 percent of flood insurance claims are paid to those living in low- to moderate-risk flood zones. While hurricanes do bring catastrophic flooding, rain can, too. As the current disastrous flooding in Louisianademonstrates, heavy rain might also result in destructive and deadly flooding.
Flood insurance is available from the National Flood Insurance Program (NFIP) or from a private insurance company. Excess flood insurance may also be obtained from private insurance companies if more coverage is needed than the limits available from the NFIP.
- Conduct a Home Inventory: If a hurricane or tropical storm strikes your home, insurance companies may ask for an itemized list of what was damaged or destroyed. An up-to-date home inventory will make it much easier to file a claim. This also helps you purchase the right amount of coverage, and the documentation also may be required if you need to apply for aid after a disaster. The I.I.I. has a free home inventory app, available at https://KnowYourStuff.org/.
- Make Your Home More Disaster Resistant.
The Insurance Information Institute for Business and Home Safetyhas information on things you can do to strengthen your home against a hurricane or other disaster.
- Know Where You
Will Goand What You Need to Take If You Have to Evacuate. Advanced planning can make things much easier if you need to leave your home. This is especially important if you have children, pets, elderly relatives or anyone with special needs. The I.I.I. has KnowYour Plan software and other resources to help keep you safe.
It's always a good time of year to talk to your insurance provider. Now may be the best of times, considering that the
Article: What Is Covered by a Standard Homeowners Policy?
Article: Does My Homeowners Insurance Cover Flooding?
Article: Understanding Your Insurance Deductible
Article: How to Create a Home Inventory
THE I.I.I. IS A NONPROFIT COMMUNICATIONS ORGANIZATION SUPPORTED BY THE INSURANCE INDUSTRY.
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