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Property Insurance: 4 Proactive Measures to Ensure Your Home is Adequately Covered This Hurricane Season

At Stark Loss Consultants, we are fully aware of the tumultuous effects hurricanes can have on your properties. As your trusted public insurance adjusters, we aim to arm you with essential information to keep you one step ahead. Hurricane season can be unpredictable, but ensuring your home is adequately covered should not be. To help prepare for the upcoming hurricane season, we are offering four proactive tips that will safeguard your property against potential damages and loss.

Firstly, one of the most critical steps is to review your current property insurance policy. Understand what it covers and, more importantly, what it doesn’t. Many homeowners are surprised to find out that standard homeowners’ insurance policies do not cover damage from flooding, a common occurrence in hurricanes. If your home is in a flood-prone area, consider purchasing additional flood insurance. Even if it’s not, remember that hurricanes can cause widespread flooding far from coastlines.

Secondly, we strongly recommend adjusting your coverage to reflect the replacement cost of your home, not just the current market value. The cost of rebuilding a home often exceeds its market value, especially with recent increases in construction and material costs. Therefore, opting for a policy based on replacement cost will provide the funds necessary to rebuild your home in the event of significant damage or total loss.

Our third tip is to maintain an updated home inventory. This is a comprehensive record of your personal belongings, complete with receipts, descriptions, and photos where possible. In the aftermath of a hurricane, an accurate inventory will streamline the claim process and ensure that you are compensated adequately for your losses. Many insurance companies offer apps and online tools to assist with this process.

Lastly, consider adding an ordinance or law endorsement to your policy. Building codes and standards evolve over time, and after a significant loss, your local government might require you to make upgrades to your home to meet current codes during the rebuilding process. This endorsement covers the increased expense of bringing your property up to code following a covered loss.

Navigating property insurance can feel like charting a course through a hurricane itself, but it doesn’t have to be so. Stark Loss Consultants is here to help. As public insurance adjusters, our job is to assist and advocate for you, the policyholder, ensuring that you get the maximum settlement possible from your insurance company. Get in touch with us today to prepare for the upcoming hurricane season. We are here to help you weather the storm.

Have questions about your property insurance claim? Feel free to contact Stark Loss for more information about how a Public Adjuster can help.

 

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