Are you sitting there watching the 5 o’clock news about the horrible hurricanes and massive wildfires somewhere far away from you? Are you feeling comfortable that this will never be a problem of yours?
Perhaps, but you might want to spend a moment or two pondering the enormity of Mother Nature, her power and her equal opportunity behavior. After you are done, you should get hazard insurance or check your insurance coverage.
No one ever expects a tornado, flood, earthquake, or hurricane to destroy their home, but the sad fact is that it can happen. And while the travesty of a storm may not destroy your home, it can certainly do enough damage to your structure or it’s contents to the point that you will need help recovering. And that is why we have homeowner’s insurance.
Regardless of the season, there is the possibility of experiencing an ‘Act of God’ weather event. These out of control episodes are sometimes just the luck of the draw. It is best that you are prepared in the event you need to prevent damage or file a claim afterwards.
That said, it's important to know which natural disasters your homeowner’s insurance policy may or may not cover. Having the proper coverage to financially protect your investments not only provides you with peace of mind — it also can really save the day if catastrophe strikes.
When Mother Nature wreaks havoc on a human-populated area, your policy will probably cover some or all of the claim for damage from events like lightening, fire, wind and hail.
But often, other natural disasters like earthquakes, floods, sinkholes and mudslides are not covered. You should always review your policy documents for information about coverage as well as understand if you live in an area that is prone to those events.
Check for exclusions and coverage limits and what riders can be added for replacement cost vs current value. Keep in mind, you need to weigh the demand for reasonable deductibles. You can potentially lower your premium by increasing your deductible, bundling your auto with your home policy or asking for credits from fire, smoke or burglar alarm installation.
While weather events are out of your control, you can ensure the best possible coverage for the aftermath.
Don’t delay because you think it won’t happen to you. Give us a call today and we can help you secure the policy that best fits your needs.