It is important to purchase enough liability insurance to protect your assets. If the standard liability coverage in your homeowners policy is not sufficient, you may need an excess liability, or umbrella, policy, which provides additional coverage over and above what is covered in your home (and auto) insurance policy.
If you do suffer damage from a disaster, contact your insurance agent as soon as possible and begin the claims filing process. Also if you need the assistance of FEMA, here are their Frequently Asked Questions about FEMA Disaster Assistance.
Making Sure Your Home Is Properly Covered for a Disaster
For many people, their home is their greatest asset, so it is crucial to avoid being underinsured. To protect their investment from disasters, homeowners should update their insurance regularly to include improvements, major purchases and increased rebuilding costs.
Since the end of the Great Recession in June 2009, despite the major drop off in construction activity, construction prices have actually risen significantly. Furthermore, after a disaster, materials and labor may become scare, driving repair and rebuilding costs up even further.
To properly insure your home, it is important to speak with one of our insurance agents. Feel free to call our office to set up an appointment to go over all your insurance needs.