Home Insurance. Wednesday , February 21st , 2018 - 23:18:10 PM
Most homeowner insurance policies for coastal properties now have separate deductibles for damage caused by hurricanes, and the amounts are usually based on a percentage of the home’s insured value, rather than a flat dollar fee. Details of a policy’s hurricane deductible will typically be explained on the policy’s “declarations” page. Ms. Bach suggests that consumers call their insurance agent if they don’t fully understand what their policy requires, so they can plan for out-of-pocket costs in the event of a storm.
But even with eye-opening photos of these disasters populating our phones, computer screens and newspapers, there still seems to be a sense of complacency among consumers when it comes to taking action to ensure they are properly covered in the event a natural disaster hits their own home. Given the prevalence of natural disasters in 2017, Clearsurance published a report after surveying 1,000 participants to learn if they have taken any steps in the last six months to uncover possible insurance gaps.
Losing a home to a wildfire can be a frightening and emotional experience. Knowing what your homeowners insurance policy covers and being prepared with a home inventory can help with your peace of mind, particularly if you live in an area that is at a higher risk.
Any content, trademark/s, or other material that might be found on this site that is not this site property remains the copyright of its respective owner/s. In no way does Montrealamoi claim ownership or responsibility for such items, and you should seek legal consent for any use of such materials from its owner.