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HURRICANE TIPS
Before the Storm
Make sure you're covered – Insurance companies do not
accept new applications or requests for increased coverage once a hurricane nears Florida.
Know what your policy
covers – Flood and wind damage are often covered in separate policies. Decide if you need this protection and contact
your agent for more information.
Make sure your coverage is adequate – You may have made recent home improvements
or purchases. Consider increasing your coverage if your policy doesn't cover the current value of your home and contents.
Keep policy documents safe – In addition to information on your agent, you should write down the name of
your insurance company, policy number, and a telephone number to report a claim.
Fortify your home - Inspect your
roof, making sure you have roof anchors installed on your home. Replace your windows and doors that don't pass the impact
test, or cover them with shutters. A fortified home with the right doors, windows and shutters will save you money on your
insurance premiums.
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After the Storm
Immediately report property damage to your insurance agent and company.
If you must make emergency repairs,
document them.
Maintain copies of your household inventory and other documentation. This will assist the adjuster
in assessing the value of the destroyed property.
Take precautions if the damage requires you to leave your home.
Let your agent or company know your temporary forwarding address and home number.
Beware of fly-by-night repair
businesses. Hire licensed and reputable service people.
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Hurricane Financial Safety
When you hear warnings that a hurricane is near, you should also take precautions
to protect your financial interests. These tips can help you secure your financial safety.
Remember to withdraw
money before a pending natural disaster. Carrying or keeping large amounts of cash in your home, however, might put you at
risk of being robbed. Also, you could lose interest payments if you take too much out of an interest-bearing account.
Normally, financial institutions will be closed at least two days after a direct hit, and ATMs could be out of commission
even longer.
During all cash withdrawals, be aware of your surroundings and any suspicious persons.
Get receipts for cash purchases before and after a storm.
Have a credit card on hand with at least $1,000 available.
Use credit cards to finance minimal repairs when necessary. Document all these transactions.
If you
pay bills by phone or online, pay them before a hurricane hits, even if they are not yet due. Otherwise, a hurricane could
interrupt phone service causing you to miss payments and get late charges.
If you pay by mail, send payments at
least two days before a hurricane , because the post office will not pick up mail within 24 hours of a strike.
Keep
copies of all payments mailed within 3 days of a hurricane making landfall.
After a storm, contact those you've
sent payments to and confirm they have received them.
Store important financial papers in a safe and accessible
place.
Before you use any "fast-cash" lender, be sure you understand what the fees will cost for the
service.
Beware of anyone offering to help after a storm, who wants cash only.
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