Atlantic hurricane season runs from June 1st to November 30th with the peak season being mid-August to late October. With hurricane season in full swing it is smart to keep in mind the following:
Damage from flooding is excluded from standard homeowners’ policies, which means separate coverage is required for protection.
Anyone considering flood insurance shouldn’t wait until a storm is approaching. It takes 30 days for a policy to become effective.
Additionally, policies typically come with a hurricane deductible.
Currently, Hurricane Florence is gaining strength and has been upgraded to a Category 4 hurricane as it nears the East Coast. Homeowners outside the projected path might feel relief, but should probably consider checking their insurance coverage. While it’s too late for homeowners in its path to make insurance changes, people in other hurricane-prone areas should take it as a reminder that the next big storm could be headed their way.
It only takes one major weather event to seriously damage a home, making not having sufficient coverage a big risk. According to the National Oceanic and Atmospheric Administration, last year Hurricanes Harvey, Irma and Maria caused a combined damage of $265 billion.
Here are tips to consider to help prevent such catastrophes:
CHECK YOUR DEDUCTIBLE
PREPARE FOR FLOODING
RENTERS ARE VULNERABLE, TOO
REBUILDING AN OLDER HOME CAN BE COSTLY
SAFEGUARD YOUR DOCUMENTS
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