Everyone living in storm-prone regions hears the same advice every year: stock up on water, batteries, food, and get ready to evacuate. But with the increasing complexity of weather events and evolving insurance options, there’s more homeowners can do. If you want to safeguard your home and your peace of mind, understanding the detailed nuances of storm preparedness and insurance coverage is crucial.
This post is derived in part from a recent episode of The SIP featuring Gregg Porter of Bankers Insurance Group and includes practical tips from Gregg to help you get ahead of the storm season.
First, it’s essential to know your coverage details. What’s included, what’s excluded, and are there any gaps that could surprise you after a storm? Having up-to-date information on your policies, including deductibles and coverage limits, is vital. For instance, many people assume they have flood coverage because they have a flood insurance policy, but they might overlook the separate coverage for contents or the specific deductibles tied to different coverages.
Schedule an annual review with your insurance agent. Just like a financial checkup, this can uncover gaps and ensure your coverage aligns with current risks and property value.
In the event of a flood or storm damage, helping the insurance adjuster understand what was lost is crucial. Gregg recommends doing a detailed video walk-through of your home, capturing every room, basement, garage, and belongings. This visual record, done before a storm, can streamline claims processing and ensure you receive fair compensation.
Use your smartphone to record short, clear videos of your entire home, focusing on high-value and irreplaceable items like family heirlooms or artwork. Save this securely online or on a cloud service.
Many are blindsided by storms in areas they didn’t consider vulnerable. Every year, with every major event, people are caught off guard by a storm that struck a region outside of typical flood zones. This highlights the importance of understanding local weather patterns and elevation, even if you think you’re “safe.”
Use elevation maps and local weather alerts to stay proactive. Remember, even areas with higher ground can experience flooding if conditions are severe enough.
While you, as the insured, may think you are prepared, talk to your agent to make sure. And while you’re there, make sure your insurance carrier is prepared as well.
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