October Newsletter

Financially Preparing for natural disasters

Just last month, Hurricane Florence made landfall in North Carolina causing an estimated $38 billion in damage. In 2017 alone, natural disasters resulted in a total of $306 billion in damages across the United States. While safety is an obvious concern during any natural disaster, many underestimate the financial burden that will follow. Here are some financial steps to take today to prepare for a natural disaster.

Assess your insurance coverage

Insurance can be vastly underappreciated until it’s finally needed. Unfortunately, once the unexpected does occur, it’ll be far too late to add coverage. Take some time to review your current policy coverage and don’t hesitate to reach out to your agent with questions. Some of the most frequent damage in coastal natural disasters such as ground movement, wind, and flooding, isn’t covered by most standard homeowner policies.

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