As storm season arrives, make sure you are not underinsured
"If you are underinsured and a storm causes major damage to your property, you could have a nasty surprise when you are stuck paying thousands of dollars out-of-pocket," said Kansas Insurance Commissioner
Underinsurance refers to when you have an insurance policy that does not provide enough coverage to pay for the full cost of a claim. Often homeowners can become underinsured if they have made changes to their property like renovations or additions, or they have not updated their coverage to keep up with construction costs.
Here are a few tips to make sure that your policies are up to date before severe weather season:
Check with your agent or insurance company. First and foremost, review your current coverages with your agent or insurer right away. It is always a good idea to do a yearly insurance review, but even more so if you have made major changes to your property.
Consider your auto coverage as well. Hail and wind can take their toll on your vehicle just as much as your home. If you have liability coverage only, you may want to weigh the benefits of getting comprehensive coverage. Liability alone won't cover hail damage or if a tree branch falls on your car. Just like your home coverage, review and understand what your policy does and does not cover when it comes to your vehicle.
Shop around for better coverages and premiums. With inflation and rising costs, it can feel like you are spending more than you should for coverage. But there are options, and shopping around for coverage that better fits your needs can lead to savings that help offset rising premiums. Additionally, be sure to check if there are discounts you may qualify for.
This storm season, if you or someone you know is having trouble with an insurance claim, please contact the Department's Consumer Assistance Division toll free at 1-800-432-2484, by email at [email protected] or online at insurance.kansas.gov for any claims related questions or concerns.
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