Homeowners Insurance Lowdown

Here’s a very important notice to all you homeowners. In case you haven’t checked your homeowners insurance policy yet, please do so immediately. This appeal has been issued by the Homeowners Consumer Center after it came across some appalling facts. According to a recent survey of over 1000 US homeowners, nearly 90 percent don’t understand their policy or the areas of insurance coverage they need to have!

The Center has created a list of do's & dont's for homeowners. Let me give you a brief detail of the list. In case you need more information, you can check their website.

• If you live in a state on or close to the Gulf of Mexico, the Atlantic Coast, Hawaii, a river, stream or an area that is affected by floods, you must get flood insurance cover. Ensure that you get the maximum insurance coverage, which is about $250,000. Also try to get the $100,000 supplemental flood coverage. This will help you cover any personal property loss due to flooding.
• If you have expensive jewelry, art, antiques, collectibles, guns, etc call your insurance agent & get them listed on your homeowners policy. Don’t forget to document them separately.
• Take pictures of every area of your home including the furniture. This will help ensure the legitimacy of your claim.
• Keep receipts or proof of the new or upgraded appliances and furniture in your home.
• Never keep important records like insurance policies, an inventory of your home contents, pictures of your home (exterior & interior), financial documents, and receipts in your home. A bank safety deposit box is always safer.

Finally, NEVER do business with an insurance company you have never heard of before.

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