The high peak for hurricane season is in September. As a homeowner, you should be prepared when such a situation arises.
Safeguarding important documents is a must. Your insurance policies, birth certificates, identity documents, home deed or house lease, property plans, etc. These will all come in handy when your home insurer tries to document the damages of your assets. Providing proof to the insurance company with photos and plans will eliminate complications in the process of repairing your home.
Another important step is to check your insurance policy. Not all US states have hurricane deductibles in their policies. The rate may go from 1 to 5 percent of your insured value, which means that you should take under consideration the amount you may get and be prepared to cover the rest.
Heavy rain caused by a hurricane strike often leads to flooding, which becomes a significant matter when you insure your property. To be covered, you will need flood insurance. This will usually be through the Federal National Flood Insurance Program or a private company. We encourage you to pay attention to limitations on the coverage of your policy.
Rebuilding your asset when it is highly damaged by a natural disaster can be expensive, so you should review your insurance policies to check if it covers the costs of remodeling your property.
Additionally, if you lease one of your properties, make sure your tenant gets renter insurance which covers their belongings. It will protect them against catastrophic damage to the property and potential legal liabilities.