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Five Insurance Reminders From Superstorm Sandy

Five Insurance Reminders From Superstorm Sandy

Five Insurance Reminders From Superstorm Sandy
News from Fox Business:

Sandy’s lasting lessons about insurance

The beating taken by Superstorm Sandy’s victims in the Northeast was followed by some stinging slaps, including lengthy power outages, gasoline shortages and potentially costly insurance surprises.

People whose lives were torn apart by the storm have discovered that their complete lack of flood insurance, or gaps in their homeowners insurance or car insurance, will make it difficult for them to put things back together again.

Or maybe they didn’t keep good records of their belongings and have had a hard time documenting their claim.

So take the time now to read through your insurance policies. Know exactly what coverage you have. Talk to your agent if you’re unclear. And be sure to review these other important insurance reminders we can all learn from Superstorm Sandy and the aftermath.

Five reminders from Sandy: Flood insurance

Superstorm Sandy served as a harsh reminder for many of its victims that only flood insurance covers losses from flooding, not homeowners insurance.

A 2012 survey by the Insurance Information Institute, a New York-based trade group, found that just 13% of U.S. homeowners had flood policies, including 14% in the Northeast, where Sandy struck.

Do you need flood insurance? It depends on where you live and if your mortga…………… continues on Fox Business

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