Insurance

Insurance
Review your insurance policies, make sure that you understand them, and make sure that you have sufficient coverage. You should do this now and not wait until the disaster is imminent—you may not be able to make changes at that time. Some specifics:

Windstorm: Make sure that your policy covers windstorms. Some home owners and renters policies may not.
Flood Insurance: The National Flood Insurance Program is the only underwriter for flood damage to real property or personal effects. You will need to have a separate flood insurance policy written in addition to your homeowners or renters policy. Be advised that there is a 30 day waiting period to get flood insurance, so you’ll have to secure the policy in advance of the hurricane season. Your insurance carrier can do this for you, or you can call the National Flood Insurance Program directly at 800-638-6620.
Replacement Coverage: As soon as you purchase something and take it home it begins to depreciate including appliances, computers, sound equipment, and other major purchases. When you make an insurance claim, your adjuster will count the depreciation on the item and you may not get the amount you need to replace the item completely. Make sure that your personal belongings have replacement coverage that will take a market price for the item in order to replace it in full.
Deductibles: Review your policy for deductibles, and other exclusions so you know what you can expect to have to pay for out of pocket. Some Federal disaster loan programs may be available to cover those deductibles.
Temporary Living Expenses: Renters and homeowners should take out policies that will provide them funds for temporary living expenses (or loss of use), which you may need if your residence becomes inhabitable.
Before and After Photos: Take photos of your residence both inside and out. Make sure you get clear photos of each room of the house that show the appliances and furniture in each. Take photos of your personal belongings that may require special insurance coverage. Make two copies of the pictures, one for you and one for the insurance adjuster. Once the storm has passed, take the same series of pictures. Click here for some guidance on a home inventory.