Hang onto your hat!
It's that time of year when Colorado can get hit with multi-million dollar hail and wind storms. In fact, the Rocky Mountain Insurance Information Association says six of the state's top ten most expensive storms have occurred in June and July.
Pueblo residents may recall one of the worst storms taking place on July 29th, 2009. It left behind losses totaling more than $230 million. Knowing that severe weather is a possibility... protect yourself.
One of the first steps is to pull out your homeowners' insurance policy or call your agent and go over your plan. Make sure any home remodeling and additions are included. Also, ask if your policy covers rising building costs and the cost to replace damaged property without worrying about depreciation.
Typical homeowner policies cover damage from theft, fire, windstorm, hail, water damage, and explosion. They usually don't cover flooding unless you've purchased flood insurance.
As for your car, hail and flood damage are typically covered on your auto policy, only if you've purchased optional, comprehensive insurance.
Keeping track of all of your valuables can be difficult, so take some time to make a home inventory. Pull out your video camera or take photographs of your belongings... keeping the inventory at a friend or relative's house along with receipts.
That way if you do suffer a loss, the inventory will make it easier to prove what you had and get your insurance claim settled faster.
Bottom line be prepared. Free inventory software is available through the Rocky Mountain Insurance Information Association at: http://www.knowyourstuff.org/iii/login.html
As they say, it's better to be safe than sorry.
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