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8 strategies to get the most from your homeowners insurance after a hurricane

8 strategies to get the most from your homeowners insurance after a hurricane

8 strategies to get the most from your homeowners insurance after a hurricane
News from ConsumerReports.org:

A major hole in every standard home­owners policy is the absence of coverage for flooding. Judith, 67, and Justin knew this, of course, and had separate flood insurance. But their policy was limited to $ 19,500 for damage to the house and $ 9,500 for the loss of its contents.

When the Rubins took out a mortgage 41 years ago in 1973, buying flood insurance wasn’t mandatory. But by 1989 or 1990 their bank had begun to require it, and the Rubins did what a lot of homeowners probably did. “I said fine and bought the minimum,” Justin said. “It was dirt cheap, $ 250 a year, and I paid no attention to the very small limits, because I thought I’d never use it.”

That’s not as unreasonable as it might sound. Justin lived almost all his life in Long Beach, where major hurricanes are relatively uncommon. He never incurred any losses from any of the cyclones that made it that far north, although there was a nor’easter in 1992 that dumped 16 inches of water into the basement. But that caused only minor da…………… continues on ConsumerReports.org

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