Flood Insurance Checkup
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Flood Insurance Checkup
Hurricane Preparedness Week
Hurricane season begins on June 1st. Being that the National Weather Service has declared this Hurricane preparedness week, this might be a good time to take a look at your homeowners insurance to make sure you have adequete coverage in case there is a serious hurricane threat here this season.
Since the string of destructive hurricanes in the last decade, insurance companies have revamped many polices. You may think your covered but in reality you will find yourself in a big hole should disaster strike. Dealing with insurance companies could go something like this.
Flood Insurance Checkup What You Can Do
This could certainly be the case when it comes to flooding. Standard flood insurance DOES NOT COVER flooding due to rain. This requires specific flood insurance for such cases. You can check to see if your community is eligible for federal flood insurance from the federal government.
In addition most homeowners policies carry large hurricane deductibles. You should check to see what your policy states with regards to hurricane deductibles are. Often times they can run to up to 10 percent of the value of your home. That is a formidable amount of money in some cases. You may have to come up with tens of thousands of dollars before your insurance picks up the rest.
Do yourself a favor and take a little time to go over your insurance now before Hurricane Season starts.
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