Home Insurance. Thursday , March 01st , 2018 - 16:26:02 PM
The first, and easiest, step for policyholders to avoid an unpaid natural disaster claim is to call their insurance agent or company and ask about their coverage. If a policyholder is in an area where hurricanes are prevalent, they should be asking questions specific to hurricane scenarios. Are they covered in the event of water damage from a flood? What about wind damage? What are the policy’s limits on rebuilding or repairing? Additionally, the consumer should confirm that the full value of their home is properly insured.
The rapid adoption of Wi-Fi enabled devices has allowed for an increase in what are called “non-monitored” systems. These are security systems that are set up in a home, but are not connected to an alarm company. While these types of systems do offer an additional level of home protection, they might not qualify for a discount on homeowners or renters insurance premiums. Check with your agent or carrier to find out more about what types of home security system installations might qualify for a discount.
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.
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