You could be underinsured and not even know it, a lot of people don’t have adequate coverage, for natural disasters. You should be reviewing your policy each year to make sure that you have the right amount of coverage for what it might cost in the event a natural disaster happens. Make sure you are covering the items inside of your home as well, and that you have coverage that will cover injuries that result from natural disasters.
- Don’t wait until you need it to find out what is covered by your home owners insurance.
- Review your policy each year since construction costs change each year and not all damages might not be covered.
- Make sure your coverage covers temporary housing in case the damage is so severe that you need to leave.
“Generally speaking, most policies provide coverage for your personal possessions for 50 to 70 percent of the amount of insurance you have on the structure of your home. Take some time every year to take inventory of your personal items and ensure you have enough coverage. Your inventory report should detail everything you own and the estimated cost to replace each item if they are stolen or destroyed by a disaster.”