By Karla Sullivan
Insurance Commissioner Thomas B. Leonardi of Connecticut is reminding policyholders to review their homeowner’s insurance and understand their coverage as the state heads into the 2014 Atlantic Tropical Storm season.
“Policyholders should take stock of their situation each year. It’s prudent to sit down with your agent or insurance company to determine if your current coverage is adequate,” Commissioner Leonardi said. “Having the right protection in place before catastrophe strikes is essential and provides peace of mind during what can be a very stressful time.”
The 2014 Hurricane season has officially arrived on June 1st through November 30th so it is essential to be prepared fro the unexpected.
Know your coverage
If a storm occurs, does my homeowners policy cover the food in the freezer when the power goes out, generally not. Does your insurance cover me for hotel expenses if my home is severely damaged? Policies differ concerning living expense coverage so it is important to talk with your agent. My basement is flooded and furniture is damaged, will my homeowners cover this? Not unless you have flood insurance.
Design a home inventory
Group your possessions by room or category. Make sure you account for antiques, collectibles, jewelry and art. Make a list and photograph each item. Store in a safe or firebox. Connecticut offers a home inventory checklist that can be helpful to download. Sales receipts should be included as well as insurance documents. Give important paperwork to friends, family outside of the home. The NAIC also offers downloadable apps that let your quickly photograph room by room and write descriptions.
After the storm
Make temporary repairs, take photos of the damage and property. Don’t remove anything until an insurance adjuster has reviewed your claim. Proceed with a claim immediately even if you can’t find your insurance paperwork, make a phone call. If you don’t have a home inventory in take, document all damage. If your car is damaged, an additional claim should be addressed with your auto insurance company. Make sure you know how a contractor works in accordance with your insurance. Make sure the contractor is state licensed. Contact your insurance company with questions concerning the contractors responsibilities. If damages exceed the amount of your coverage, check with federal agencies that may offer grants or loans to assist with recovery.
