The tropics are active and with a storm potentially targeting Florida, now is the time to prepare.
“You’ve got all your hurricane supplies, make sure you’ve taken care of your insurance,” said Dulce Suarez-Resnick, vice president of sales at Acentria Insurance in Miami.
Start by gathering your documents for your insurance policies.
“Take a Ziploc bag, put all your political documents in it,” she said. “ID cards, statement pages, put everything in there to keep it dry.”
Suarez-Resnick said some companies had already stopped writing policies by Friday afternoon. That’s why she recommends taking a good look at your coverages now and calling your insurance agent right away if you want to make any changes since your window to do so is closing.
“As soon as a watch or a warning is placed anywhere in the state of Florida, everything is shut down,” she said.
Next, you’ll want to create a visual inventory of your home using your cell phone. camera.
“Walk through your house room by room to get an idea,” she says. “Give some feedback on your video if you can, it’s a Sony whatever it is, whatever TV. Do that and then get out of your house and get out of your house and also take a video so that they can see the pre-storm house and they will see the post-storm house when they get there.”
If you have a pending claim with your insurance company and are concerned about further damage from a new storm, they said it would not affect your existing claim.
“But let’s say the storm comes and now it rips the whole roof off,” she said. “You’ve got the tarps and now it’s starting to take the roof off, that’s a whole new claim.”
That means your hurricane deductible will apply again, she said.
Another factor to watch is the state of the property insurance market in Florida. Suarez-Resnick said with 10 carriers going insolvent in the past 18 months, many people have pending claims. If a storm hits anywhere in Florida, instability will likely increase.
“It’s going to be a tough time,” she said. “There are so many people who … still have tarps on their roofs and they are trying to get paid by their carrier or by FIGA because their carrier has gone insolvent. It is, as the Latins tell us, ‘un arroz con mango’. We made this stew and there’s so much going on.”
She said she was most concerned about people who recently lost coverage after their business went insolvent and were unable to get a new windstorm policy. She said those people will likely have to be left uncovered if a storm ends up hitting our area because most carriers have a waiting period before coverage kicks in.