By nature, natural disasters aren’t always predictable. While we’d like to think our homes are safe, the truth is, there are things that a responsible homeowner should do to ensure you’re fully protected, including ensuring you have a great insurance policy through your Atkinson Casey Agency serving Monroe, GA.
Consider Specific Risks
Start by reviewing your existing policy to identify potential gaps. Standard home insurance often covers damages from windstorms, hail, and fires but may exclude specific risks like floods or earthquakes. For instance, if you live in a flood-prone area, consider purchasing separate flood insurance through the National Flood Insurance Program (NFIP) or a private insurer. Similarly, earthquake coverage may require an additional rider or a separate policy.
Evaluate Coverage Limits
Next, evaluate your coverage limits. Ensure the policy includes enough to rebuild your home entirely if it’s destroyed. Replacement cost coverage is a better option than actual cash value, as it accounts for the current cost of rebuilding rather than factoring in depreciation. Don’t forget to inventory your personal belongings. A detailed record can help you file claims more efficiently and prove ownership if items are lost or damaged.
Understand Deductible
Understanding your deductible and how it applies to specific disasters is also wise. Some policies may have separate deductibles for events like hurricanes, expressed as a percentage of your home’s insured value. Knowing this ahead of time can help you prepare financially.
There’s a lot you can do as a homeowner to fortify your home against disasters, like installing storm shutters, securing loose roof shingles, and using fire-resistant materials around your home. Combine this with a robust home insurance policy from your representative at Atkinson Casey Agency serving Monroe, GA, and you’ll have peace of mind in addition to added protection against nature’s unpredictable forces.
