Tips for Homeowners Insurance When Disaster Strikes

​Disaster can strike anytime. Regardless of the damage, it can still leave you devastated. However, most of these disasters can be covered with the help of an insurance plan. To help you maximize your insurance policy, here are some tips that you can check.

Understand Your Coverage
First, you need to know and understand what your plan includes. The standard homeowner’s policy may not cover losses due to earthquakes, war, power failures, landslides, and inadequate maintenance, to name a few. There are unique plans available that can help cover some of these perils. 

Most regions can include water and wind damage. You may require to pay a higher deductible or need extra coverage if you live in a place that is prone to earthquakes, tornadoes, floods, and hurricanes. Knowing what your insurance plan covers can help you prepare and understand what you can get out of your coverage. 

Avert Common Rebuilding-Fees Mistakes
Homeowners often make this error when it comes to what type of policy they buy, which influences how much they pay in dividends and how much will be covered in their rebuilding fee. 

• Since land is not customarily damaged, it will help if you compute the money you need to rebuild your house on a lot that you own, instead of basing it on its market value. 
• It will also help if you seek help from a contractor to help you estimate the total amount in replacing the building before disaster strikes. You can also ask help from your insurance agent, local building associations, and home appraisers for the estimates. Do remember to check if your insurance contains law or ordinance coverage to help in covering the added incidentals in repairing or replacing your house with current building codes. 

Make a Home Record
It will help if you record all of your belongings before a disaster and reassess it with your insurance company to ensure that you are adequately insured. You may also need to increase the cost of the policy to cover the additional fees of replacing materials or add a supplemental plan to help cover losses for individual belongings such as antiques or jewelry. 

Conclusion
It is best that you are ready whenever these calamities strike. That is why buying an insurance plan is beneficial in case these disasters happen. It will also help that you know what your policy covers to assist you when filing a claim. 

At Black And Associates Insurance, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (509) 464-0058. Get your free quote today by CLICKING HERE.