‘Take a look at your property insurance’: CSC reminds Virginians to prepare now for natural disaster
RICHMOND, Va. (WFXR) – As the 2021 Atlantic hurricane season is strong, the State Corporation Commission (SCC) Office of Insurance is reminding Virginians that we are entering the peak of the hurricane season, which is normally the most dangerous and active period. of the year for tropical storm activity, as well as the most likely time for the property damage these storms can cause.
If you haven’t looked at your home insurance yet, they are urging Virginians to do so now as hurricane season is well underway.
Whether you own, rent or own a business, you can protect yourself financially by making sure you have the coverage you need before a loss occurs.
Hurricane season in the Atlantic Basin runs from June 1 to November 30, and places like central and southwestern Virginia can see high winds, heavy rains, and flooding that normally accompany the systems. tropical.
You may find it difficult to increase your insurance coverage once a storm develops and until the threat has passed, so they tell you to review your coverage now and make the necessary changes.
Most homeowners, renters, and commercial insurance policies do not cover losses due to flooding, so be sure to discuss flood coverage with your insurance provider or visit the National Flood Program website. flood insurance in click here to learn more about protecting your home or business from potential flood damage. There is normally a 30 day waiting period for a new flood insurance policy to take effect.
The Bureau also encourages Virginians to create a detailed home inventory with photos, videos and serial numbers of your belongings.
The National Association of Insurance Commissioners (NAIC) free smartphone app can help in this process.
If your property is damaged by a storm, contact your insurance agent or company as soon as possible to begin the process.
Policyholders should consider the following questions about potential hurricane damage when reviewing their policies:
- Does your home insurance policy contain a special deductible for damage caused by wind or hurricanes? These deductibles are applied separately from any other deductible on a home insurance policy and can be listed as a fixed amount, such as $ 1,000, or applied to a loss as a percentage of insurance coverage. housing.
- Does your home insurance policy cover things like sewer backup? Most home insurance policies do not cover sewer backup, but policyholders can purchase additional coverage for this purpose.
- Are vehicles covered in the event of a hurricane or windstorm? If you have non-collision (or full) coverage for your vehicle under your auto policy, your vehicles will generally be covered for flood and wind damage.
For more information, contact the Bureau of Insurance Division IARD at 1-877-310-6560. Find consumer guides for owners and owners of commercial buildings by click here.