September is National Preparedness Month. This is a good time to review your personal readiness and confirm that the insurance coverage that protects you and your assets is adequate.
The global COVID-19 pandemic and wildfires raging in the West are stark reminders that weather forecasts do not always predict future disasters. Disasters can occur without warning, so it is important to be prepared at all times. Check Ready.gov for a comprehensive list of ways to improve your preparedness. Proper insurance coverage is an important part of any contingency plan.
Important Insurance Issues to Review and Discuss with Your Insurance Agent
To build a strong safety net, your insurance agent must have all the information about your potential. exposures. Here are some important issues to discuss with your agent:
- Are any of my properties in an area susceptible to floods, earthquakes, hurricanes, mud, tornadoes or wildfires?
- Have I made any improvements at home that can increase
- Have I added any features to my home such as an underground pool, elevator or entertainment room?
- Is my agent aware of all my art, firearms, collectibles and jewelry?
- Has the value of my vehicles changed?
- Have I bought new assets such as electronics or recreational vehicles in the past year?
- Do you rent, share or use any of my vehicles or homes for business purposes?
- Has my family structure changed? (For example: newborns, adoptions, college kids, retirees)
Electronic Documentation to Prepare
Store important documents, photos, and information about your assets in a home inventory app or in the cloud to keep them safe from fire and theft and can be reached anywhere if a disaster requires you to leave your home.
Check your homeowners policyholder app to see if it includes a home inventory tool. If not, there are several inexpensive options available online. Your electronic documentation should include:
- Evaluations, photos and detailed statements for your art, collectibles and jewelry.
- Evaluations, photos and detailed statements for all exotic, modified or restored cars that have a value other than the original purchase price.
- Receipts, photos and documentation of personal property inside the home and any renovations made to the structure. Do not forget your garage and outdoor entertainment spaces / structures.
Although some things can not be replaced as your grandmother's cookbooks or old family photos, we want to make you as whole as possible on the other side a disaster.  These steps may seem boring but in case of loss, but they are crucial to help you recover quickly. Creating a complete inventory now will make the claim process much easier later, at a time when you are likely to be stressed.
Small Business Considerations
If you own a small business, you need to take a few more steps
- If you work from home, be sure to tell your insurance agent so that office funds can be properly covered.
- If you have another business location, it may have the same vulnerabilities as your home and will require the same type of electronic inventory and asset documentation.
- Another major concern during a loss for a company is business revenue and additional costs. This coverage pays for any ongoing expenses you may have while your business is closing due to loss. This coverage can cover salaries, a temporary office, utilities, rent payments and rental equipment to maintain the business.
Complete your annual coverage check now
We are here to help you protect the life you have worked so hard to build. Contact us at any time for a review of your homeowners, car, flood, earthquake and / or business coverage.