Is Your Home Really Covered In A Natural Disaster?

With devastating hurricanes impacting the US, many people in geographic areas not traditionally known to incur the severe consequences of brutal storms, such as tornadoes and hurricanes, are finding themselves victims of flash storms. As many survivors of brutal weather will tell you: It’s not always the storm you fear, it’s the flood that can be worse. As those who survived recent storms on the East Coast will attest to, it is often shocking to learn that as you pick up the pieces and try to rebuild from a tragedy, you may not have the coverage and protection you believed you had all along. There have been several stories of survivors who found out that their flooded homes and cars were not covered under their homeowner’s or auto insurance policies. In fact, “well under 20% of U.S. homeowners have flood insurance, according to the Insurance Information Institute.” (https://www.cbsnews.com/amp/news/flood-insurance-ida-homeowners-floodwaters-climate-change-risk/ )

Since these victims were not in typical flood zones, they may not have carried flood insurance, which can increase your premium substantially.

Now, more than ever, it is imperative that you review your homeowner’s and automotive insurance policies to better understand your policy and coverage areas and exclusions. Most of us believe we will be covered for almost every instance however, there are instances where circumstances are considered “acts of God” and excluded from coverage.

Review your coverage page and contact your insurance representative if you have specific questions. If you need to make changes, it’s best to do that when you are not facing down an emergency or natural disaster. Flood insurance is also available through the National Flood Insurance Program (https://www.fema.gov/flood-insurance) Staying informed and knowing where you stand are key to protecting yourself.