Does Your Insurance Cover Your Assets?
Does Your Insurance Cover Your Assets?
With recent events many homeowners who thought their insurance protected them are finding that it did not cover them sufficiently. As of March 16, 2015 FEMA has enacted new Base Flood Plan elevations. Homeowners, who have flood insurance, should check with their carriers to see if their policies are going to increase and what they should do to prevent and cover themselves in the event of a hurricane or flood.
Here are a few tips on making sure you are protected;
1. Research: Ask your insurance agent “What doesn’t my policy cover?” This way you will know what else is necessary to purchase for your protection.
2. Rebuilding: Find out the average square foot building cost in your area.
3. Replacement: Get insured for the replacement value of your personal items and document them.
4. Relocation: Have coverage to get housing if you are displaced for a period of time.
These few tips could save you a lot of heartache and money in the event of a natural disaster.
Please share this with your friends. You could be doing them a big favor!
As always, give us a call if we can be of assistance here in the Bethany Beach, Fenwick Island and surrounding Delaware resort areas.
REMAX By The Sea
Bethany Beach DE 19930
Direct: 302.537.3171
A Daily Email List of New Homes for Sale as they Hit the Market in Bethany Beach – Fenwick Island and the Resort’s Surrounding Areas!
