Hurricane season has been lasting longer in recent years, going well into September and causing just as much damage. Disaster insurance, especially for hurricanes, is deceptively essential for eastern Pennsylvania. Were you prepared this year and how can you prepare for next year?
Disaster Insurance – Homeowners
In broad terms, many disaster insurance quotes offer different specifics. That’s why it’s important to work with a trustworthy agent. According to the Pennsylvania Insurance Department, some of the things you should look for include coverage for flood damage, auto damage, power outages, tree and branch removal, additional living expenses, as well as hurricane and tropical cyclone deductibles. These deductibles are present in some insurance policies and cover a percentage of your property’s insured value, triggering instead of a fixed deductible selected by the homeowner and helping save thousands of dollars in out-of-pocket costs. You may also need to buy separate policies to equate to hurricane insurance if this disaster insurance is unavailable, including flood and windstorm insurance.
Disaster Insurance – Renters
Most renters policies won’t cover flood damage to your stuff — whether from a hurricane or other storm. If you’re renting a house or first-floor apartment near the coast, it may be worth buying flood insurance, but you may have trouble getting it for a basement apartment. Even your landlords’ insurance may only cover the building’s structure, but exclude belongings. Usually, renters insurance does pay for wind damage, although this coverage is sometimes excluded in high-risk areas. If wind damage is a concern, double-check your policy to make sure you’re covered. If not, contact your insurance company or agent to see if you can add this coverage to your policy.
Whether you’re a homeowner or a renter, be aware of your policies – including the fine print. Pennsylvania is one of the states that charge special deductibles for hurricane damage, meaning you may be out more than you think when disaster strikes. Whether you’re buying home, flood, windstorm insurance, or a combination of all three make sure you have enough coverage to pay for the full cost of rebuilding your house and replacing your possessions. Your insurance agent can help you pinpoint the right amount. Still unsure on which policy may be right for you? Bleiler Insurance agents are here to help you get the best policy for the most affordable rate possible!