When a disaster strikes, the first thing on most people’s minds is not their insurance. But insurance can play a critical role in disaster cleanup and restoration.
For homeowners, insurance can help cover the cost of repairs and replacement of damaged property. For businesses, insurance can help cover the cost of lost revenue and business interruption.
And for both homeowners and businesses, insurance can help cover the cost of temporary housing and living expenses while repairs are being made.
But insurance is not a one-size-fits-all solution. The type and amount of coverage you have will depend on your policy and the specific circumstances of your loss.
That’s why it’s important to talk to your insurance agent or company as soon as possible after a disaster. They can help you understand what your policy covers and what you need to do to file a claim.
In the meantime, here are some tips to help you get started on the road to recovery:
• Take pictures or video of the damage. This will be helpful when you file your claim.
• Make a list of damaged or destroyed items. Include a description of each item, the date of purchase, and the estimated value.
• If you have to leave your home, keep all receipts for expenses like food, lodging, and transportation.
• Contact your mortgage company or landlord to let them know about the damage to your home or rental property.
• Contact your utility companies to let them know about the damage to your home or business.
• Do not make any permanent repairs until your insurance company has inspected the damage.
• Be aware of scams. After a disaster, there are always people who will try to take advantage of the situation. Be sure to get all promises in writing and do not pay upfront for any services.
For more information on disaster cleanup and restoration, contact your insurance agent or company, or visit the following websites:
• FEMA: www.fema.gov
• The National Flood Insurance Program: www.floodsmart.gov
• The Small Business Administration: www.sba.gov