APCIA Highlights Four Mistakes to Avoid This Tornado Season

Insurance Protects Policyholders when Damage Occurs

Tornado_300x200

Now is the time to take steps to prepare for tornado season and the potentially, devastating impact of nature’s most violent storm.

According to NOAA, May of 2019 produced 555 preliminary tornado reports, the second highest number of reported tornadoes for any month on record, only behind April 2011. This year’s tornado season is well above average and with the prospects of an active storm season continuing, it is comforting to know that most severe weather-related events like hail and tornadoes are covered under either a homeowners, renters or commercial insurance policy.

In addition to having an emergency kit and plan in place, it’s also important to make sure you are financially prepared for the aftermath of a storm. Keep in mind that over the past three years insured losses due to tornadoes has averaged approximately $9 billion per year.

APCIA encourages homeowners, renters, and business owners to conduct a review of their insurance policies and discuss coverage options with their insurance agent or company. To help consumers be prepared we have created a quick quiz to test your awareness and highlighted common mistakes people make as they get ready for spring and tornado season.

Four Mistakes to Avoid This Tornado Season

Mistake #1: Fail to conduct yearly insurance review
Failing to review your insurance policy could leave you underinsured. Conducting an annual review of your insurance policy helps to ensure that your home and belongings are fully protected. It provides you with the opportunity to address potential gaps in coverage. Over the course of a year, you may have made upgrades, completed renovations or purchased new items that could impact the amount of homeowners insurance coverage you need.

Mistake #2: Fail to make a home inventory
Failing to create a home inventory could slow down the claims process. Developing a home inventory may seem like a tedious task, but after a natural disaster you will be glad you took the time to create it. The inventory lists all of your home’s contents so you can quickly and easily account for all of your belongings and report the loss to your insurance company. Your insurance company may have tools available to assist you.  There are also online tools and apps. You can also simply use your cell phone camera and make a visual record of everything you own.

Mistake #3: Don’t take time to understand their coverage
Failing to learn about your coverage could lead to confusion and misunderstandings if you have to file a claim. About the last thing most people want to do is read their insurance policy. But after every major event some residents are caught unprepared. While insurance covers many situations, it is important to talk with your insurance company or agent regarding how your coverage works. You may have valuables that require a special endorsement to the policy or you may want to add sewer back up coverage for an added measure of protection.

Mistake #4: Don’t consider purchasing flood insurance
Failing to consider buying flood insurance could leave you unprotected in the event of a flood. With warmer, rainy conditions ahead, there’s a real potential for flooding. However, flood insurance must be purchased separately from your homeowners insurance. It can be purchased through your insurance agent or by contacting the National Flood Insurance Program (NFIP). It’s important to note that NFIP policies don’t take effect for 30 days, so the sooner you purchase additional coverage the better prepared you’ll be for whatever extreme weather may come our way.

For more information

APCIA reminds homeowners, renters and business owners that tornadoes can occur at any time of year. Because they develop rapidly and with little warning, advance preparation is vital. You can access more information on tornado preparedness at APCIA’s Tornado Headquarters.

Follow us on Twitter @TeamAPCIA and use #becovered as we continue to provide tips on what to do before and after a tornado.