The American Property Casualty Insurance Association (APCIA) is encouraging property owners and renters to check their insurance coverage before peak hurricane season arrives.
The APCIA cited an updated Colorado State University forecast maintaining record warm ocean temperatures could trigger above-average activity.
“Following a hurricane is not the time to realize you do not have enough insurance coverage to repair or rebuild your property,” APCIA Vice President of Property and Environmental Karen Collins said. “Inflation, on-going supply chain issues, and elevated building costs following unprecedented natural disasters have contributed to a significant increase in the costs to rebuild homes and businesses.”
Collins said it is imperative property owners review and, if needed, update their insurance policy prior to peak hurricane season to keep pace with elevated costs.
“There are key coverage features consumers should consider that can help prevent underinsurance, so talk to your insurer or agent about your options,” she said.
Varied safeguards to make homes more resilient amid potential hurricane activity include trimming trees and branches away from the house; inspecting the roof and making repairs to loose or damaged shingles; securing loose gutters; and sealing gaps and cracks around windows and doors to prevent water intrusion.
The APCIA also recommends property owners update their homeowners insurance policies; evaluate their need for flood insurance; make a home inventory; gather copies of insurance policies; and save their insurer’s contact information.