As those of us living in Monmouth County know, a natural disaster can strike at any time.
While there is no sure-fire way to protect yourself 100% from disasters like floods and hurricanes, you can at least guard yourself financially.
While experts recommend having at least 3-12 months of savings to protect against major calamities, the truth is that most people don’t have nearly enough in emergency funds. So the best choice is a good insurance policy.
More affordable than you may think
Especially when bundled with another type of insurance, financial security against natural disasters can be surprisingly affordable. Unless you live in an area that is extremely vulnerable, protection against a worst-case scenario shouldn’t break the bank.
Review your needs annually
Experts recommend reviewing your policies annually to make sure there is sufficient coverage to completely rebuild or repair your home or business in the event of a disaster. The value of your assets changes over time so it is worth getting fresh estimates on a regular basis.
Document your assets
Another important tip is to properly document all your valuables. Keep a record of the items you own, including receipts whenever possible. This will ensure that in the event of a disaster, the claim process goes smoothly and quickly. It’s a good idea to backup these documents electronically as well.
Following these tips can help to limit your exposure, and get you back up and running as quickly as possible. To discuss any of your insurance needs contact us today.
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