Review your homeowners insurance to ensure it’s ready for disaster.
On a daily basis, the U.S. experiences disasters. Incidents such as hurricanes, flooding, and severe storms continue to shake the country and leave destruction in its path. While many homeowners have an emergency kit prepared and an escape route rehearsed, too few are taking the time to safeguard their homes. After a disaster, all you want to do is return to normal life. Homeowners insurance helps to restore and repair your home and belongings, without draining your funds.
While most homeowners insurance policies will protect your home and belongings through disasters, every policy has its limits. A standard policy may cover:
- Fire or lightning
- Windstorm or hail
- Smoke damage
- Damage caused by aircraft
- Damage caused by vehicles
- Riot or civil commotion
Certain disasters are not covered by standard policies.
Many standard policies do not include flood damage repairs and replacements. You may purchase insurance in the form of a separate policy from the National Flood Insurance Program so that you can get assistance should your home face damage from a flood.
Earthquake coverage can be a separate policy or an endorsement to your homeowners policy. It’s worth obtaining such coverage when located in an area or state that is prone to earthquakes.