Further complicating the matter; many homeowners don’t understand their insurance coverage because it was added on, when they financed or refinanced their home by the mortgage lender. In other words they have little or no idea of what is covered or what is not covered on the policy. 5. Only 9% of homeowners surveyed knew that certain types of valuables (jewelry, art, guns, etc) must be included on a separate sheet provided by the insurance agent/insurance company. These items must be listed on your policy and agreed to by your agent & insurance carrier.
If you have expensive jewelry, art, antiques, collectibles, guns, etc call your insurance agent & get them listed on your homeowners policy.6. Don’t do business with an insurance company you have never heard of before. Before signing on with an insurance carrier, check with your states insurance commissioner about the company, and or check the internet for complaints about your current or proposed company. 7. When looking for an insurance agent for your homeowners coverage ask around to find out who has a good reputation, or a reputation for excellent customer service.
Don’t forget to take pictures of every area of your home (exterior & interior-actual building & contents). This way you can prove to the insurance company, you had what you say you had, and special or unique features of the home/contents are shown.9. Try to keep receipts or proof that you had what you say you had in your home. After Katrina, many homeowners had no way of proving they had an upgraded refrigerator, TV set, computer system, stove, etc. Receipts will help you prove to the insurance company what your homes condition was prior to the loss and or what you had in the house. 10.
Responses to 'Most Homeowners at risk. Check Your Homeowners Insurance Policy, Advocacy Group Warns.'