5.9 earthquake struck the East Coast today, and probably in Washington, New York, Boston and Cleveland, Ohio, West feel. This is a good reminder that disaster can be anywhere, you should take steps now to prepare at any time. The first thing you should do is to make sure you have enough insurance to avoid being wiped out economy.
5000 earthquake struck about a year, but the standard homeowner policies do not cover earthquake damage, according to the Insurance Information Institute (III). To get coverage, you need to add an endorsement to an existing policy or purchase a separate earthquake policy, if you live in that state, which is available from private insurance companies or the California Earthquake Authority.
Endorsement or policy will cover from the shaking and cracking (damage from broken pipes from fire or water under your homeowners policy will be covered) damaged. Earthquake insurance rates by region, the insurance company is different, the insured structure type (brick home is more expensive, in order to guarantee). These strategies deductible ranges from 2 to 20% substitution values family, according to III.
Even if you are in an earthquake-prone area could not, you may be in your homeowner coverage gaps, it is possible to make your unprotected, if another disaster, such as floods, wildfires, major storms or tornado, they were on strike. Most owners mistakenly thought than it really their homeowners insurance to cover more losses, according to a study of the National Association of Insurance Commissioners.
And the effluent standards flooding backup policy does not cover the type of damage. And cover valuables, such as jewelry and antiques, the responsibility to protect (if someone is injured in your home) is limited. Here is advice on how to fill the gaps, prepared before your coverage and the disaster comes several articles
Question:? Do you cover
Understand your policy to do – and do not – cover
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Steps
Others to be taken
In addition to having adequate insurance, you also need to make sure you are ready to make a claim, and has enough cash to cover expenses until your Insurance companies reimburse you.
To take stock. you need to know you are in your home – and resets the value of these items – so you can apply for an insurance claim. Property to videotape or photograph the room from the room of your house. Evidence on the CD-ROM or flash memory drive and put it in a safe place. See tips to help you apply for insurance claim for more information. And find the output H ow insurance companies handle claims for storm damage protection after the storm to see.
To build an emergency fund. aside a few thousand dollars of the money market or savings account to pay the pay the potential costs. Many common storm-related expenses – such as the removal of fallen trees, which can cost thousands of dollars – is generally not covered land unless the tree of your house.