Learn how you can ensure that your various insurance policies will protect against natural disasters.
It’s no secret that the damage left in the wake of a natural disaster can be devastating. That’s why it’s so important to make sure that your various insurance policies offer the right protections. Here’s how you can ensure that you have the right auto and homeowners insurance to protect against natural disasters.
If you live in areas prone to flooding, windstorms, and other natural disasters, then you should have comprehensive and liability coverage for your vehicle. Comprehensive coverage will take care of any of the damages caused by fire, flood, fire, earthquake, and other natural disasters. Liability insurance will cover any damages or injuries you might have caused if you loose control of your car during a serious weather event. You might also want to consider adding rental car coverage in case damage makes your car inoperable.
Most standard homeowners policies do not include coverage for the damages caused by earthquake and flood. If you live in areas prone to these types of natural disasters, then you might have to purchase special policies to get the coverage you need. Additionally, review your homeowners policy to check if you have actual cash value or replacement cost coverage. Actual cash value coverage will help pay for home repairs and replace damaged items, minus depreciation. On the other hand, replacement cost coverage will restore our home and belongings without taking depreciation into account. This difference could mean a difference of thousands of dollars.
Review your auto and homeowners insurance to make sure that you have the coverage you need to protect against natural disasters. Do you have questions regarding your coverage? Then don’t hesitate to contact the experts at John Scott Insurance. Our dedicated professionals are ready to assist you with all your coverage needs.