Did you know that, according to a recent FEMA report, over 40% of businesses never reopen after experiencing a natural disaster? This alarming statistic highlights the critical importance of having the right natural disaster insurance in place.
At Robertson Insurance, we understand that there’s more to disaster insurance than meets the eye. critical aspects of disaster insurance that often go unnoticed. In this article, we’ll uncover seven surprising facts about natural disaster insurance that every business and homeowner should know. Whether you’re safeguarding your home or ensuring the continuity of your business, these insights could make all the difference.
Keep reading or contact us now to review your coverage and protection from natural disaster risks.
What You Didn’t Know About Disaster Insurance
When it comes to protecting your home or business from the unexpected, disaster insurance is a critical component. However, many people are unaware of the nuances and potential gaps in their coverage. Here’s what you need to know to ensure you’re fully protected:
- Not All Disasters Are Covered: It’s a common misconception that standard insurance policies cover all types of natural disasters, but events like earthquakes, floods, and hurricanes may require specialized coverage. Flood insurance, in particular, is often overlooked, as many assume it’s included in their standard policy. However, it typically needs to be purchased separately. Knowing what your policy includes—and what it doesn’t—is essential to avoid unpleasant surprises when disaster strikes.
- Costs Can Vary Significantly: The cost of disaster insurance isn’t one-size-fits-all. Factors such as your location, the type of property, and the specific natural disaster risks associated with your area can significantly influence your premiums. It’s important to evaluate these factors carefully to ensure you’re getting the coverage you need at a price you can afford.
- Disaster Insurance Is Essential for Business Continuity: For business owners, having adequate coverage can mean the difference between recovery and permanent closure. Without sufficient protection, a natural disaster can result in crippling financial setbacks. For more on how to manage the aftermath, check out our blog post on the Top 6 Things to Do After a Large Business Insurance Claim.
- Government Aid Isn’t a Replacement: While government assistance can offer some relief after a disaster, it’s often limited and may not cover all your losses. Relying solely on government aid could leave you exposed. Natural disaster insurance provides a stronger and more dependable safety net to help you recover fully.
- Some Policies Offer Additional Living Expenses: If your home becomes uninhabitable due to a disaster, certain natural disaster insurance policies can cover the cost of temporary living arrangements. This benefit can be a lifesaver during the recovery process. This could help you maintain normalcy while repairs are underway.
- Earthquake Insurance Is Often an Add-On: In areas prone to earthquakes, having earthquake insurance is crucial. However, this coverage isn’t typically included in standard natural disaster insurance policies and must be added separately. Ensuring you have this add-on can safeguard you from significant financial loss.
Contact us today to discuss how we can help you secure the comprehensive natural disaster insurance protection you need.
The Role of a Disaster Claims Advocate in Recovery
When disaster strikes, the aftermath can be overwhelming, and navigating the insurance claims process adds another layer of complexity. Fortunately, at Robertson Insurance, we have a dedicated claims advocate on staff to help assist you through this challenging time. Our disaster claims advocate works closely with you to ensure that your recovery is as smooth and comprehensive as possible. Here’s how:
- Assessing the Extent of Damage: Without the expertise of a disaster claims advocate, you might miss critical details when evaluating the damage to your property. Our claims advocate thoroughly examinmes every aspect of the damage. This ensures that you recover as much as possible under your policy.
- Advocating for the Policyholder: Unlike the insurance company’s adjuster, who may focus on minimizing payouts, an independent disaster claims advocate works on your behalf. They advocate for you and ensusre that your claim reflects the true extent of your losses.
- Expertise in Navigating Complex Claims: Disaster-related claims can be intricate, with various factors influencing the outcome. Our skilled disaster claims advocate understands the nuances of insurance law and policy language, guiding you through the complexities and ensuring your claim is handled efficiently.
- Ensuring Fair Compensation: The ultimate goal of a disaster claims advocate is to secure fair compensation for you. By documenting damages and negotiating with the insurance company, our on-staff disaster claims advocate will strive to maximize your payout.
Contact us today to learn how our claims advocate can help you secure the compensation you deserve.
Understanding Your Natural Disaster Risk and Insurance Needs
Understanding your specific natural disaster risks is more crucial than ever. Whether you’re a homeowner or a business owner, accurately assessing these natural disaster risks and securing the right coverage can make all the difference when disaster strikes.
At Robertson Insurance, we help you identify the vulnerabilities unique to your situation and tailor your coverage to provide optimal protection. Our proactive strategy not only safeguards your assets but also provides peace of mind.
Contact us today for a personalized risk assessment, and let us help you secure the natural disaster insurance protection your home or business truly needs.