Here we are, once again, in hurricane season. The National Oceanic and Atmospheric Administration (NOAA) has predicted an above-normal hurricane season is most likely. So far, 2020 has not looked good with COVID, quarantines, unemployment, and civil unrest. Adding a major hurricane to the list of things to worry about this year is not what anyone wants. In 2019, we saw two category 5 storms on record. In 2017, it was a record-breaking year of devastation.
The news is not all unfortunate though. Alliance is helping you out this year to be prepared for what is coming. We have created our Hurricane Preparedness Guide. Inside, you will find a checklist of items that will help you easily knock this off your chore list.
Aside from this, there are some other things that you should check out to protect your home from wind, rain, and flood damage. Answering the questions below will ensure that if something happens, there will be no surprises or unknowns.
The first thing to do is determine whether you have enough coverage to completely rebuild your home after a hurricane. When assessing this issue, remember that the cost to rebuild is likely to be more than the real estate value of the home. If you believe that your current coverage will not be enough, consider these additions:
Most Florida homeowner’s policies include a hurricane or windstorm deductible. Unlike the standard “dollar deductible” on auto and home policies, a hurricane or windstorm deductible is usually a percentage, such as 1 to 5%, of the insured value of the structure of your home.
There is an important difference between a hurricane deductible and windstorm deductible. A hurricane deductible will only be triggered if the property damage occurred as a direct result of a hurricane. However, a windstorm deductible applies to any type of wind damage, including tropical storms. If you have a hurricane only policy, you will not have the protection for other wind events that are likely to occur during the hurricane season.
Even if you have hurricane insurance, it probably does not address the flood damage to your home or property that is likely to occur because of the storm. Since most people believe that their hurricane insurance includes flood damage, they are underinsured. To truly protect your home in the event of a hurricane, you must carry a separate flood insurance policy.
Even if you believe you are outside of the “flood zone”, we want you to know that the entire state of Florida is considered a flood zone. They are broken up into high risk flood zones and low risk zones. The flood zone data can be out of date, which many homeowners learned only after their home flooded as a result of a hurricane or tropical storm. It is better to be prepared as 1/3 of flood claims were from low-risk zones.
In addition to flood insurance, you might consider purchasing sewer back-up coverage. Damage can occur if the sewer system is overwhelmed by major downpours or flooding and it is not covered by standard homeowners policies or hurricane insurance.
After a hurricane or tropical storm, many houses are so damaged they become uninhabitable. At this point, the Additional Living Expenses (ALE) coverage of your homeowners policy is triggered, but will it be enough? ALE covers the extra costs involved in living away from home, including hotel bills, restaurant meals, and other expenses that are incurred while your home is being repaired or rebuilt.
While certain levels of ALE coverage are standard in most homeowners policies, review the limits to determine if you think it is adequate for your needs.
Every homeowner should have a home inventory detailing the list of the belongings and their estimated value. This includes furniture, clothes, appliances, electronics, artwork, jewelry and more. You will need this information if you need to file a claim because most homeowners policies include coverage for personal possessions.
Take the time to review the type of personal property insurance you have and decide if it is the right one for you. These insurance types are:
“I am happy in today’s world to be able to compliment someone, not everyone enjoys doing what they do as Lisa did. I am on disability, was in the insurance field years ago in the 70’s and then went into the medical field and finished as a clinical supervisor. I know what I expected of my staff and Lisa exceeded all expectations. We just found your site the other night but I can assure you as our needs come up for different things we WILL be calling ALLIANCE.”D. Clair – Florida
“Felicia was a wonderful agent and helpful at every time. I would highly recommend getting your insurance needs met here.”S. Miller – Jacksonville, FL
You were willing to take this bull by the horns and run with it when no one else was interested. You have no idea how HAPPY I am right now. I have been fighting this battle for over a month and you came through. You diffidently will be my first contact for any future insurance needs and I WILL refer my friends to you.”Dennis A. – Tampa
Alliance Insurance saved me hundreds on my Workers Comp, General Liability, Group Health and Commercial Auto and Insurance needs. Thanks Alliance. I will be recommending you to all my friends.Tory H. – Orlando
My Agent at Alliance Insurance shopped all the Auto and Home Insurance companies to see who gave me the best rate and plan. Alliance’s agents are knowledgeable and very polite. I will put all my insurance’s with Alliance. Thanks for the savings!”John H. – Jacksonville
Alliance Insurance is the place to shop for all your insurance needs. I packaged my home and auto together and saved over $300 a year. My agent shopped around and got me the best rate. I would recommend everyone to use Alliance Insurance for finding the best insurance rates.Mary S. – Tampa, FL
I just saved over $400 on my Homeowners Insurance Florida with Alliance Insurance. My agent was very helpful, got me discounts I did not even know about and shopped all the carriers to make sure I was getting the best deal. Thanks Alliance! I will recommend you to everyone.Joan P. – Orlando, FL
You all have access to the most companies and got us the best price on our coverage.Jay Johnston, Jacksonville, Fl