While the weather is often unpredictable, there is one thing that is guaranteed. Mother Nature can be a fickle, forceful and fearless beast. Natural disasters such as tornadoes, hurricanes, blizzards and wildfires can wreak havoc on the environment — and your home.
Due to the unforeseen nature of said events, no property owner can really afford not to have a homeowners’ insurance policy in constant place. However, when the calamities of nature are threatening enough to overtake and destroy your property, are you sure that your insurance coverage is sufficient? Is it time for you to consider adding an extended replacement cost policy?
Checking Your Coverage
If you think you have enough homeowner's coverage, you may want to double check that thought. According to a 2011 independent study conducted by Marshall & Swift/Boeckh, 64 percent of U.S. households are actually under-insured. One of the main issues for claimants seeking help after devastating, natural events was that once disaster stuck, it was too late to amend their coverage options to cover damages. That is a position that you can avoid by taking a good, hard look at your current policy and extending your coverage.
Better Safe than Sorry
Extended replacement cost is a policy endorsement that maximizes coverage for your property. Sometimes known as Coverage A, this type of coverage is a popular option for homeowners in areas that are prone to inclement weather that yields ruinous effects. The extended replacement cost option covers property loss and damage beyond the actual cost. As extended replacement pays an increased percentage, it helps cover unanticipated damages, compensates for inflation and covers property loss, so natural disasters do not have to be a complete loss. However, you must have an extended replacement policy in order to prevent it.
Don’t Roll the Dice
In the Western part of the U.S., wildfires sometimes ravage through regions and destroy homes in the process. In the central Southwest and most of the Midwest, powerful tornadoes rip through neighborhoods and leave splinters behind. In Eastern and Southeastern coastal regions, destructive hurricanes bear down, obliterating entire communities. These regions have more than natural disasters in common. None of the areas’ inhabitants could have foreseen the destruction any of these events would leave in its wake. The truth is that no region is safe from a potentially devastating weather event. It could happen anywhere. It could happen to you — but it doesn’t have to financially harm you. You do have a choice.
No, you certainly can’t control the weather — but you can control your homeowner’s insurance coverage. Choosing an extended replacement cost policy can guarantee your property and belongings when the elements of nature becoming extremely unpredictable.
Give Pro Player Insurance Group a call at 855-367-7744 for more information about finding an extended policy for your Fort Lauderdale Home Insurance to protect yourself from the ravages of Mother Nature.