Tips on Checking Homeowners Insurance during Sarasota Florida Hurricane Season

Valek Insurance, in the Sarasota, FL area is advising people to check their homeowners insurance during this hurricane season. Researchers from Colorado State University are predicting above average hurricane activity is expected, and that the U.S. coastline has a higher than usual chance of being in the path of at least one major hurricane this season. Researchers estimate the likelihood of at least one hurricane making landfall on Florida is 71%, and 5 major stoms (a category three, four or five) is markedly above the 2.3 average for the last century.

The official Atlantic hurricane season runs June 1st through November 30th. Once a storm is within range of land it is too late to change or add coverage. Valek Insurance says it is imperative that people review their homeowners insurance right away.

Valek Insurance is offering the following tips to make sure Floridians homeowners insurance will provide adequate coverage this Florida hurricane season:

Hurricane Deductible - Some states have implemented separate deductibles for hurricanes based on a percentage of the home's insured value. Note that wind damage caused by non-hurricane storms is subject to the policy's general deductible not the hurricane deductible.

Flood Insurance - Flood damage is not covered under a standard homeowners' policy, but flood insurance is essential in high risk areas.

Replacement Cost vs. Actual Cash Value - Replacement Cost policies cover the amount needed to replace or repair a home without a deduction for depreciation. These policies generally cost about 10 percent more, but they provide much more comprehensive coverage than Actual Cash Value policies.

Guaranteed or Extended Replacement Cost - Provides additional coverage if widespread damage inflates the cost of building materials and labor.

Inflation Guard - Automatically adjusts policy limits to reflect changes in construction costs so homeowners do not have to increase limits each year.

Building Code Upgrades - If a home is severely damaged, it will need to be rebuilt to comply with current building code standards that could add increased building costs. Law and ordinance coverage ensures these extra costs are covered.

Additional Living Expenses - Covers the costs of living elsewhere while a home is being rebuilt or repaired.

To protect assets this hurricane season, also:

Inventory, photograph or video tape all household items. Keep receipts, inventory lists, copies of the homeowner's insurance policy and insurance company contacts in a safe place that can be accessed in the event of a storm.

To minimize losses, take steps to protect personal property when a hurricane is imminent, such as covering windows with shutters, siding or plywood.

Keep materials such as plywood and plastic on hand for temporary repairs after a storm. Keep receipts as repairs are made, as they may be reimbursable by an insurance company.

Be wary of rushing into a contract or placing a hefty deposit with a company for repairs. Unfortunately, fraudulent contractors often flock to natural disaster sites, so it is important to consult with an insurance agent before hiring anyone.

About the Author

Jim Valek of Valek Insurance & Bonds, has years of expertise in providing Southwest Florida residents with the best insuance coverage for individual needs. Valek insurance offers exceptional value for Florida Auto Insurance, Flood Insurance, Homeowners, and a

Author (getmejustice). Submitted on Mon, 18 Jul 2011 Time: 3:22 PM

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