Be Prepared to Weather Hurricane Season with These Insurance and Safety Tips

Hurricane insurance and safety tips

It’s that time of year again – Atlantic hurricane season, which runs from the start of June to the end of November. In fact, the National Oceanic and Atmospheric Administration (NOAA) forecasts 2024 to be one of the worst seasons on record, predicting between 17 and 25 named storms with eight possibly forming into hurricanes. However, rest assured, property insurance companies across Florida are reporting they’re on “solid footing” with an insurance market that is stronger now compared to recent years.

That said, you should be taking steps now to stay prepared for any storm that may blow your way. Whether you’re an individual, have a family or own a company, it’s crucial to have a firm understanding of your insurance coverage and whether your limits are enough, ensuring that what you value in life – your home, assets, business and employees – are protected if and when disaster strikes. Consider these helpful tips when you’re revisiting your policies and know that our personal and commercial team at Boyd Insurance & Investments is ready to assist and guide you in feeling secure during hurricane season and beyond!

Double-Check the Limits on Your Homeowners Policy: There are a number of costs associated with extensively repairing or rebuilding your home after a hurricane. Formulas are used to determine the value of your home, ranging from total square footage to the number of rooms, floors and building materials used. In this resourceful blog post, the Insurance Information Institute (III) goes into detail about many of these factors in calculating solid coverage.

Know What Your Policy Covers and What’s Excluded: All insurance policies list exclusions, which are situations that aren’t covered. It’s vital to have a full understanding of what you’re protected from – and what’s not included. Think about this: over 60% of U.S. homeowners aren’t adequately insured, according to findings by CoreLogic.

Ensure You Have an Inventory of Your Valuables: Have a detailed list of your assets and their value. See if your insurance policy accurately protects your personal property, covering damages and losses. When describing items, use brand names, descriptions, serial numbers and save receipts – all of which will streamline the claims process.

Prepare Your Business Well Before Storms Are Within Striking Distance: Repair any damaged or weak windows and latches. Be sure you have coverings, like shutters or plywood, to secure any open areas on your buildings. Consider investing in generators for backup power or testing your existing units often. There are plenty of comprehensive checklists that we recommend referencing when preparing months ahead of time.

Have a Plan in Place to Respond to Disasters at Your Business: Always monitor weather forecasts as conditions can change rapidly and maintain an accurate, up-to-date employee contact list. Your property, such as vehicles, should be moved to a safe location. Buildings need to be secured with storm shutters or plywood to prevent projectiles from causing damage, and make sure all gas lines and machinery needed for business are shut off.

Take Advantage of Every Resource Available: There are a number of resources out there for developing a responsible plan, whether you’re protecting your family or business – or both. You can also purchase qualifying disaster preparedness supplies tax-free through June 14. Check out these links for more information:

Know We’re Here for You 24/7: You’re never alone and always in control with an advisor you know, trust, and can easily contact – and a portal that’s accessible whenever you need it. As a client, you can log into Boyd 24/7 at any time to access all of your insurance policies, view and print important documents, request updates to your coverage, file claims for general liability, property or other losses, make changes to your information, and more. At Boyd Insurance & Investments, our family is here for you, especially when you need us most.

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