Endorsement CG 24 22 Amendment of Coverage Territory Worldwide Coverage - expands the coverage territory to anywhere in the world with some exceptions relating to countries subject to trade, economic sanctions or embargos.
The fact that the overall economy has been in bad shape not only leads to Risk Shrinkage, but (not suprisingly) also affects personal income. I read that last year, personal income was down 3.2% nationwide. No doubt many people in our business have seen a much greater decline in income than that.
Large commercial accounts are renewing at 20%, 30%, or 40% less than last year.
Ask you agent:
Are my policy limits adequate to replace the home if it becomes necessary?
You need enough insurance to cover the cost of rebuilding your home at current construction costs and building codes. Dont include that cost of theland. Check the value of your insurance policy against rising local building cost EACH YEAR. Advise your insurer and increase the limits of your policy if you make improvements or additions to your house.
Once you arrive home
Have valid ID. Access to affected areas will be controlled by security checkpoints. Valid identification with your current local addrses will be required (current photo ID and power, water, or telephone bill).
Avoid driving, especially through water, regardlesss of depth or speed. Roads will have debris which can punture your tires!
RE-ENTRY
BE PATIENT-Even though the winds have stopped blowing, you wont be able to return to your home until search and rescue operations are completely and safety hazards, such as downed power lines, are cleared. It may take time for emergency crews to reach your neighborhood.
PROTECTING YOUR PROPERTY FROM FLOOD
Anchor and Elevate: If vulnerable, electical panel boxes, heat pumps, washers and dryers and water heaters, fuel tanks, etc. should be elevated or relocated to areas less likely to be subjected to flood waters.
Retrofit: There are things you can do to minimize your flood risk to your home. Options to consider:
FOR MOBILE HOME ReSIDENTS
-Anchor mobile hoems with tie downs. Inspect tie downs annually.
-Never stay inside mobile homes to ride out the storm. Always evacuate to a freind or relative’s home, hotel or motel or nearby designated storm shelter.
SAFE ROOM- DO NOT stay in a room which does nothave shielded windows/glass doors. Find an interior room-bathroom, hallway or closet which will help buffer you from the storm’s winds. Make sure all family members know where the safe areas are in your home. Be sure to take your disaster supple kit into your safe room when a storm theatens.