In addition to being prepared with food and water stockpiles and a first aid kit, the Property Casualty Insurers Association of America (PCI) advises homeowners, business owners and renters to avoid these common mistakes, especially during tornado season.
Mistake #1: Fail to conduct yearly insurance review
Conducting an annual review of your insurance policy helps ensure that your home and belongings are fully protected, PCI says. It provides you with the opportunity to address potential gaps in coverage, and enables you to speak with your insurance agent, ask questions and better understand your coverage. Over the course of a year, you may have made upgrades, completed renovations or purchased new items that could impact the amount of homeowners insurance coverage you need.
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Rosalie Donlon
Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].
