If you lived along the Jersey Shore in 2012, we are sure you remember Hurricane Sandy. It was a very devastating time for all of us and thankfully hurricanes don’t hit the shore on a frequent basis. However, with hurricane season approaching it’s a good idea to evaluate your home’s current hurricane insurance coverage.
Hurricanes can strike with little advanced warning, and if you wait until a storm warning is released to try to secure coverage you will find that many insurance companies will deny you. Hurricanes bring winds that can reach upwards of 200 miles per hour and can cause lots of damage.
Yearly you should review your insurance policy to see if you have enough coverage in these areas:
Flooding- You should purchase flood insurance to cover losses that may occur from water rising. This is not routinely covered in a routine homeowners insurance policy. The cost to you will vary depending on if the area your home is located in is prone to flooding, and how much coverage you wish to obtain. On average flood insurance doesn’t become active until 30 days after purchase, so don’t wait until the last minute to buy.
Wind- Typically there are two types of wind damage deductibles, those that occur as a result of hurricanes and those that are from wind/hail. These are usually covered as part of your average homeowners insurance policy. Be sure to check your policy annually to see if you are adequately covered.
Living Expenses- Annually check your policy for coverage during instances where you are not allowed to stay in your home, and would need temporary living expenses. Know how much your policy will pay and for what amount of time.
Possessions– It can be costly to replace all the belongings in your home and a typical homeowners insurance policy will provide coverage. However, it may not be enough to replace all your belongings. Check your policy to see if you have enough coverage to cover all your personal property.
If you are unclear if you have enough coverage to protect all aspects of your home in case of a natural disaster we would encourage you to reach out to our trusted friend, Timothy Barry, at Anchor Insurance Group. He can be reached at 609-886-4400.
If buying a home along the Jersey Shore is something you are considering, we’d be delighted to take the time to show you potential homes and to answer any questions you may have about making the Southern New Jersey Shore your permanent home or about owning a second home. Our job is to make your tomorrow better than today. Contact us today via email or give us a call at 609-264-6762.