|Insurers Prepared to Help Residents & Business Owners Begin Recovery Process|
Tallahassee, Fla. — Insurers are prepared to surge catastrophe teams into the affected communities that have been impacted by Hurricane Michael as soon as emergency officials give access, according to the Property Casualty Insurers Association of America (PCI).
“Insurers’ top priority is getting checks into the hands of policyholders so that families can get back into their homes, cars back on the roads and businesses reopened,” said Logan McFaddin, PCI regional manager. “Insurers are working closely with emergency personnel to coordinate the response and recovery process to assist anyone affected by Hurricane Michael.”
Policyholders in the impacted regions are encouraged to contact their insurance agent or company as soon as possible to get the claims process started. To expedite the process, those who have evacuated should save all receipts from hotels and restaurants as these expenses may be eligible for reimbursement under Additional Living Expense coverage.
What is Covered
Generally, wind-related damage due to Hurricane Michael will be covered by a homeowners policy, while flood and wind damage for cars is covered under the comprehensive portion of the automobile insurance policy. Business owners should check with their insurance company or agent regarding specific details of business interruption coverage under their commercial policy.
Flood damage is typically covered through the National Flood Insurance Program (NFIP) rather than homeowners insurance. However, cars, trucks and other vehicles damaged by flood water are typically covered under an auto policy’s comprehensive coverage. A flood insurance policy may also cover mudflow, but it must meet specific criteria defined in the policy issued through the NFIP.
If you sustain flood damage, but do not have a flood policy, there could be resources available to help you through the Federal Emergency Management Agency (FEMA). For more information, contact FEMA at 800-621-3362 or www.fema.gov.
What If You Don’t Have Flood Insurance?
You should still contact their insurance agent or company as there may be property damage that is covered under your homeowner’s insurance policy. You should also contact FEMA as Federal Disaster Assistance may be available in the form of grants and loans if a flood has been declared a federal disaster. If you receive Federal Disaster Assistance for a flooded building, you will need to obtain flood insurance in the future, which is one of the requirements for federal grants and low-cost loans. You will also need to maintain the flood insurance for the life of the loan. To learn more about federal disaster assistance, contact 800-621-3362 or www.disasterassistance.gov.
Prepare Your Property For Flooding
PCI Flooding Recovery Tips
PCI member company Toll-Free Policyholder Claim Phone Numbers.
2018 Hurricane Season Resources
Online Magazine: http://bit.ly/HurricanePrep2018
2018 Insurance Checklist: http://bit.ly/InsuranceChecklist18
2018 Hurricane Fact Sheet: http://bit.ly/HurricaneFacts18
2018 Insurance Claim Tips: http://bit.ly/InsuranceClaimTips
Replacement Cost vs. Actual Cash Value: http://bit.ly/replacementvscashvalue