Prepare Now for Forecasted Winter Storms

Standard Homeowners Policies Do Not Cover Flood Damage; and

Flood Insurance Policies Typically Take Effect 30 Days After Purchase

Sever storm is expected to hit parts of already fire-impacted California early next year, according to weather forecasters. Therefore it is the best time for residents to review their policy coverage including supplemental policies such as flood insurance. 

Residents should also document their possessions by way of an inventory so that everything is properly covered if flooding occurs. No doubt, there can’t be any worst situation than losing one’s belongings but the blow can be lessened if you are prepared for it. A good record of your assets that also has serial number for each item can make your task easier should any eventuality occur.

In case of insurance coverage, policy holders should enquire with their insurer about their exact coverage. They should also find out and discuss whether they should purchase flood insurance. It is important to understand that a flood coverage policy becomes active only after 30 days of its purchase. Also, most of the homeowner’s policy does not cover mudslides. However, when heavy rain is predicted in the coming days, now is the right time to consider various policy options. You should note that your building content is covered by flood insurance. Cost of the policy is calculated by considering various factors including flood risk in the region, age of the structure, type of the structure (residential or commercial, single family or multi-family etc.).

California Department of Insurance helps you prepare home inventory. For more information about documenting your possessions or to receive a free home inventory guide, call the California Department of Insurance at 800-927-HELP or visit our web site.