Information Worth Knowing About Hurricane Insurance

4/20/2022 (Permalink)

What You Should Know About Hurricane Insurance

Companies at risk for hurricane damage need storm insurance. Having a policy in place provides a financial cushion for hiring a commercial storm renovation service. Here's a quick guide to some essential knowledge regarding these policies.

Hurricane Insurance Coverage

With most standard building insurance agreements, you are covered for the devastation caused by:

• Fires
  
• Vandalism
  
• Windstorms
  
• Burglaries
  
  

Hurricanes are typically excluded. Riders regarding these and other coverage exceptions, such as earthquakes and floods, may be added for an additional fee depending on your location.

Hurricane Insurance Claims

After a hurricane, contact your insurance company and state that you wish to file a claim. Ask how long it will take for a storm insurance adjuster to arrive in Grosse Pointe Woods, MI, to assess the damage.
Take photos and make videos of all damage. Compose a list of what has been destroyed and compile receipts for purchases of compromised items. Place all relevant documents into one folder and store them in a place away from damage and leaks. Save ruined valuables until the adjuster has had an opportunity to inspect them. Storm insurance companies are experts at figuring out the overall value of someone's loss.
Inform your insurer if you need immediate repairs, such as removing downed electrical lines. Policy issuers are often willing to send service professionals to claimants' properties on their behalf.
Use tarps to cover up gaps in roofs and windows so that there is no further exposure to the elements. After time passes, mold may develop. Hire a mold inspector to verify the absence of fungal intruders.
Consider hiring a public adjuster to assess the condition of your property. Reports from independent authorities have the potential to help you negotiate a better settlement.
Storm insurance is necessary for companies that are vulnerable to strong winds and precipitation. Make sure your policy covers you in case a hurricane comes through your area and wreaks havoc.