Protect What’s Yours When Wicked Weather Comes Crashing Down…
Basic “Terror Weather” Prepping Steps You Can Implement Yourself
Nature’s Wrath, Unpredictable – Reminds Us to Review Insurance Coverage and Take Basic Preparedness Seriously
Some natural disasters like earthquakes can’t be predicted at all. In other cases, like hurricanes, tornados, high winds, torrential rains, rising rivers, and heavy snow, Mother Nature gives at least some advance warning. You can use that warning time to your advantage, provided you’ve laid the groundwork of basis prepping ahead of time.
Stay ahead of the masses by putting weather headlines on your homepage and setting up weather alerts on your smart-phone. Or go “old school” with a traditional weather radio.
Then take a second to review your insurance coverage. You don’t have to pore over lots of paperwork – simply call your agent for a quick review. At the moment, millions of people are putting their lives back together and properly structured insurance can help make them whole again.
Insurance Can Make You Whole Again…
If You Have the Right Kind and the Right Amount
We don’t have the room to get into the details here, because it’s complex and changes from region to region. However, in a USA Today article, research firm Marshall & Swift stated that 96% of homeowners have insurance, but 64% of them have too little.
“People will not have enough money to rebuild their homes,” says Privilege Underwriters Reciprocal Exchange’s Martin Hartley.
According to the Insurance Research Council, renters are worse off because only 43% of them have renters insurance, leaving their personal belongings at risk.
To make sure you have the proper protection, speak with a knowledgeable insurance agent who has experience with the common risks in your area. Also, make sure your agent explains the different definitions and scenarios for claims.
Some policies replace your items at market value (i.e. what you would get for them if sold at a garage sale). Others base claims at full replacement cost, what it costs to buy the item new. The latter costs more, but could it be an important feature if you live in an area that suffers broad damage; in which case, local prices could rise when thousands of families try to rebuild at the same time.
A Few Special Situations
Keep an Inventory of Your Belongings to Get Paid Faster…
A home inventory, the original and copies kept in a safe place (but not together), can help you file a claim quickly and get to the front of the line to receive your insurance money. This is especially important if you live in a region with broad damage, where tens of thousands of people will try to submit claims at the same time.
Take photos and video of your personal belongings, serial numbers, and receipts. Keep copies on USB thumb drives, store a copy in a fireproof and waterproof safe, another copy offsite, and think about keeping encrypted copies on a cloud-based storage system like Wuala.com.
For more tips, check out State Farm Insurance’s Learning Center. https://learningcenter.statefarm.com/residence/insurance-2/creating-a-home-inventory/
While you get your disaster preparedness plans set up and fully stocked, remember to take a moment to review your insurance protection so you can be made whole again after the danger passes.
If all of this sounds inconvenient, let us just say it’s a lot easier to take care of these items in advance, rather than when disaster is imminent or in the aftermath. Preparing in advance can bring real peace of mind, allow you to respond appropriately when weird weather hits, and recover quickly once it’s over.