Hurricane Season Is Here...Check Your Insurance Before Disaster Strikes

Tornados, hurricanes and floods, oh my! We have already seen coverage on the news about tornados and floods, and the experts are predicting this to be a busy hurricane season. Make sure you have your house in order.

Mother Nature often acts less like a mother and more like a destructive force. That’s why there’s homeowner’s insurance.

Here are a few suggestions offered by insurance agents and financial consultants about homeowner’s insurance:

Insurance companies will tailor coverage based on your needs. But make sure your home is insured for at least 100% of its estimated replacement cost. Replacement cost is the rebuilding cost necessary to repair or replace the entire home. It is not just the market value of the home, which is the amount a buyer would pay for the home, including land. To determine the amount of coverage you’ll need, get an estimate of the replacement cost of your house.

Once you have a replacement estimate, ask your agent if your policy includes an automatic inflation adjustment. This protection will adjust your premium to increase coverage in line with construction costs in your area.

Don’t let natural disasters make you a victim. Schedule an appointment with your insurance agent to talk about your individual needs.

Need a referral for a great insurance agent? Give The Newlywed Real Estate Agent a call @ 832-647-1769.