ContentDesk) May 9, 2006 — The Homeowners Consumer Center is making and urgent appeal for all US homeowners to check their homeowners insurance policy, before the start of the 2006 hurricane, storm or fire season. After surveying over 1000 homeowners representing every US state, it was discovered that less than 15% of those surveyed, understood their homeowners insurance policy, and or the areas of coverage the typical homeowner should have. From this survey, the Homeowners Consumer Center ( Http://HomeownersConsumerCenter.
Do’s & Don’ts1. If you live in a state on or close to the Gulf of Mexico, the Atlantic Coast, Hawaii, a river, stream or an area prone to flooding, get flood insurance coverage, and make certain you get the maximum insurance coverage ($250,000).2. If you live in a state on, or close to the Gulf of Mexico, the Atlantic Coast, Hawaii, a river, stream or an area prone to flooding, be certain to get the $100,000 supplemental flood coverage. This will cover personal property loss due to flooding. 95% of the homeowners surveyed were not even aware this type of coverage exists.
The typical homeowners policy & or standard flood insurance exclude personal property.To see if your home is in a flood plain or potential flood plain go to FEMA’s web site.3. Make certain your homeowners policy has at least one years coverage for “loss of use”, for at least $2000 per month. Loss of use will help pay rent, or living expenses in the event your home is rendered unusable as a result of a flood, fire or storm damage. 4. Of the over 1000 homeowners surveyed, only 3% knew if their homeowners insurance policy has “full replacement” coverage.
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