Blog

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo.

It’s hurricane and wildfire season, is damage to my home covered?

Running over the entire summer from June 1st to November 30th, hurricane season brings serious damage risks from high winds, rain, and flooding in storm-prone regions. Is your biggest asset well protected? Your home is most likely your family’s most valuable investment. Know that your current homeowner’s insurance policy may cover some damage brought on by a hurricane, but not all.

Running concurrently with hurricane season, wildfire season is a period when wildland fires are likely to occur, spread, and affect resource values sufficient to warrant organized fire management activities. Higher temperatures, reduced snowpack, increased drought risk, and longer warm seasons are increasing wildfire activity in the western United States.

Make sure you have the proper coverage

Review your homeowner’s insurance policy today to make sure your policy is up-to-date and you are properly protected for anything that may happen. Here are a few tips regarding damage brought on by hurricanes and wildfires.

__________

WIND

In most states, standard homeowner’s policies cover damage caused by wind, including hurricanes. But if you live in a high-risk coastal state you might need to buy separate windstorm insurance. Check with your insurance company as it might also be available as a rider on your current policy. Windstorm insurance covers damage from any high wind, not just hurricanes. The cost of a separate windstorm policy depends on the amount of your deductible, where you live, and how much it would cost to rebuild your house.

__________

FLOOD

Flood damage brought on by, or as the result of, a hurricane is not typically covered in a private homeowners insurance policy. U.S. law requires people to purchase basic flood insurance if their home is in a designated high-risk flood area with a federally backed mortgage. (See floodsmart.gov for more information.) But in 2017, Hurricane Harvey showed that flooding can also damage properties outside the highest-risk zones and affect homeowners who weren’t required to buy the additional coverage.

Check with the National Flood Insurance Program as you may be able to purchase a separate flood insurance to help cover such damage in your area.

Don’t procrastinate

Flood insurance policies impose a 30-day waiting period between the time you buy and the time coverage takes effect, so review your policy today. If a major storm has been forecast, there’s a chance that your current coverage will be locked in until that major weather event has passed.

__________

WILDFIRE

Damage from wildfires and forest fires is most likely covered by your homeowner’s insurance, but coverage may vary by geographic location and by policy. You may also find that some insurers do not sell homeowner’s policies in areas where wildfires are common, or it may be offered by paying a higher premium. Check your policy or contact your agent to learn about terms and coverage limits.

__________

The Insurance Information Institute (III) recommends reviewing the amount of coverage you have in place and make any necessary adjustments to help ensure your limits are in line with the potential cost of repairing or rebuilding your home.

Whether you’re buying homeowners insurance, flood insurance, windstorm insurance or wildfire insurance — or all four — make sure you have enough coverage to pay for the full cost of rebuilding your house. Your insurance agent can help you pinpoint the right amount.

 

Sources:

https://www.floodsmart.gov

https://www.wsj.com/articles/what-homeowners-insurance-wont-cover-if-a-hurricane-hits-1504897428

https://www.iii.org/article/hurricanes-harvey-and-irma-insurance-faqs

Read more No Comments

Important wildfire relocation information.

Important wildfire relocation   Experiencing a wildfire can be devastating. Not to mention having to evacuate and not knowing how the wildfire will impact your home, and life for that matter. In our world, we often see and hear of this alongside the first responders and those on the frontlines. While the initial concern is the safety of all involved, secondly, the need to get families temporarily relocated becomes of utmost and dire importance.   Emergency relocation can be a stressful and chaotic scenario. A family needs an immediate place to live while busy claims professionals are tasked to do so quickly. They may often rely on temporary relocation providers to handle and source housing options, especially during a catastrophic event and when there are many policyholders and families to look out for.   Options for temporary relocation after a wildfire can include immediate emergency hotel stays, short and/or long-term housing, commercial property or a fully equipped travel trailer on or near the affected property. The latter can ease the burden of being far away from home and can allow for the homeowner(s) to oversee any construction.   In the event where a large area has been affected, experienced temporary housing companies can deliver these emergency relocation solutions during high-demand times when options may otherwise seem limited. Among other expectations, a relocation provider can use an extensive database of like, kind and quality options no matter the lifestyle; a single homeowner, couple, entire family or business owner.   Providers should also offer a one-stop shop. This will free up the insurance adjuster to focus on handling the claim portion and focus more so on the claim itself. A few options to look for in a temporary housing company:  
  • A knowledgeable service team on hand with 24-hour availability.
  • A point of contact for each stage of the relocation.
  • Access to multiple inventories in different markets.
  • Full coordination of move in, move out and management of services.
  • Flexible billing options and invoicing for claims professionals who may handle multiple accounts.
  • Creative relocation solutions. Does the family need to continue to care for livestock? Are there medical needs? Is there a need for a more high-end solution or a solution for a business owner?
  • Longevity of a provider. A company that has many years in the industry has likely assisted in many catastrophes, large or small.
  There are numerous ways to handle a relocation. While no two are alike, outstanding customer service and provider knowledge should remain consistent.   For immediate assistance and to obtain housing from wildfire damage or loss, provide CRS with your insurance information and claim number (if one has been given to you) and let us handle the rest.  

If you do not have insurance and need housing and rental assistance information:

  Find a disaster recovery center near you - You can text DRC and a zip code to 43362 (4FEMA) to locate a Disaster Recovery Center in your area. https://egateway.fema.gov/ESF6/DRCLocator     Contact your state emergency management agency - https://www.fema.gov/emergency-management-agencies     Locate FEMA participating hotels - femaevachotels.com    
Please reach out for more information or if we can answer any of your questions. We are here to help.
Our thoughts are with you, please stay safe!
 

Adjusters please visit the CRS portal, Call us at 800-968-0848 or email a request to request@crsth.com to submit a housing request on behalf of your policholder.

SaveSave
Read more No Comments