While this time of year brings sunshine and warmer temps, it also comes with the potential of tornadoes and severe weather. Homeowners, renters, business and vehicle owners can find themselves in a financially challenging situation following a spring storm if they haven't checked their insurance coverage carefully.
An article from Property Casualty 360, provides a checklist of best practices for protecting your assets during this season of storms.
- Verify your home is insured for its current value.
- Find out what kind of home insurance policy you have.
- Find out if you have a specific deductible in the event of a tornado or windstorm.
- Understand the claims process before you have to make a claim.
- Does your policy have any special limits or policy features?
- Prepare an inventory of the contents in your home, including contents in additional structures like tool or garden sheds.
- Find out what kind of coverage you have if there is a power failure.
- Find out what your limit is for Additional Living Expenses (ALE) and how you can expect the coverage to work.
- Make sure your car insurance includes comprehensive coverage, for damage such as hail, falling objects and windstorms.
- Ask if you have coverage for a rental car if your car needs repairs.
- If you have a vehicle in storage, make sure you haven't forgotten about coverage while it's there.
- If you sustain storm damage, contact your insurer as soon as possible and start the claims filing process. For customers of R&R, we recommend adding our CSR24 phone number, as well as the phone number for your insurance carrier to your cell phone. This will ensure you have information at your fingertips should an emergency arise. Feel free to contact your Personal Lines agent for assistance!
For more information about properly protecting your family and the assets you've worked so hard to acquire, contact a member of our Personal Lines team.
