Over the past three years, there have been an average of 75 federally-declared natural disasters each year, according to the Insurance Information Institute. Not only are natural disasters occurring more frequently; they are also causing more expensive damage each time. While no one can prevent a natural disaster from occurring, there are steps you can take to protect your home and finances in the event one should affect your area.
One of the most important things you can do is have enough homeowners insurance to cover the cost of completely rebuilding your home. Furthermore, it isn’t always enough to simply carry a particular amount of insurance on your home. Inflation can affect the cost of building materials, and you might not be able to rebuild with the same quality of materials used in your original home. Check your homeowners policy for features that protect you against inflation or guarantee replacement with the same or similar materials.
Aside from your home itself, you need to make sure your insurance will adequately cover your home’s contents. Remember that in a catastrophic and electronics, but personal items such as clothing as well. Make sure you have enough homeowners insurance to completely rebuild your life.
Keep in mind that flood insurance is usually not included in standard homeowners insurance policies. Talk to your insurance agent about purchasing flood insurance through the National Flood Insurance Program.
Performing routine maintenance on your home can often prevent or lessen damage. Be sure to fix loose shingles and can prevent further damage to your home.