Consumer Alert: Severe Weather
As we enter summer, Commissioner Miller is reminding
consumers to review their homeowners and renters insurance policies ahead of potential
severe summer weather.
Hotter weather often yields more powerful storms, which
could potentially cause damage to your property. Reviewing your homeowners or
renters policy to ensure that you have the coverage you need could save you
money in the event that you need to file a claim.
The National Association of Insurance Commissioners
recommends insuring your home for replacement cost rather than actual cash value.
Replacement cost is the amount it would take to replace or rebuild your home or
repair damages with materials of similar kind or quality without deducting for
It’s a good idea to have a home
inventory as well. In the event that your belongings are damaged by severe
weather, your inventory will make it easier to file a claim on your policy. Taking
photos of each item is also helpful, as the more information you provide, the
easier it will be for your insurance company to determine the extent of the
After a storm passes, while not compromising safety, you
should file your insurance claim as soon as possible. Most companies require
the prompt reporting of claims, so you should do so as soon as you are able.
you have any concerns about insurance claims after storm damage, contact the
Insurance Department’s Consumer Services Bureau online or by calling