Do you have the right insurance coverage for a hurricane?

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The financial impact of Hurricane Ian is not fully known, but will be significant.

And you’re thinking about adjusting your insurance coverage right now you probably can’t.

Once a storm threat becomes a watch or warning it’s often too late to get a new policy or make changes to an existing one.

Believe it or not this is a common practice, and it’s for the very reason that insurance is meant for unforeseen or unknown losses.

Tree falls on house in Midtown

Allstate for example has halted new coverage in our area.

Still your current policy likely has you covered or at least partially and now is a good time to review it.

Costal county properties likely have separate wind policies or named storms your deductible is probably higher around, 2 to 3 percent of the coverage amount. Which for example is between $8,000 to $12,000 for a $400,000 home.

Here in the Triangle, you likely have coverage for wind-driven rain, but not rising water which would fall under flood coverage.

Many people don’t have flood insurance unless it’s required by your mortgage company.

Whatever coverage you have there are some things you can do to mitigate disaster:

  • Bring out door items like patio furniture in.
  • Place valuables on higher ground.
  • Put towels underneath door cracks
  • Caulk windows to prevent water from getting inside.