Wildfires can spread fast, cause harm and destroy homes. Your home is likely to be your biggest asset, and it’s essential to safeguard it. Proper insurance protection can help you rebuild your home and replace your belongings following a wildfire.
Here are five tips you should follow to make sure you’re protected against wildfires:
- Conduct an annual insurance check-up. Contact your insurance company or agent annually to review your policy limits and coverage. It’s important to ensure that your policy accurately reflects your home’s square footage and features.
- Understand your policy’s coverage details. The details of your policy matter and could make all the difference in the financial assistance you receive should you experience a wildfire-related loss.
- Make sure you’re insured at the right value. Making updates to your home can affect its replacement cost, and if you don’t notify your insurer, you risk being underinsured in the event of a loss.
- Keep an updated home inventory. A well-documented listing of your belongings can help simplify the claims process should you need to file a claim. Review your inventory annually.
- Don’t forget about coverage if you’re a renter. It’s a common misconception that a landlord’s policy protects renters. The truth is, renters can lose everything in a fire, just like homeowners, and without insurance protections, it may be financially devastating.
Every insurance policy is different; depending on your policy, you may not be adequately protected against wildfire risks. That’s why working with us is so important to evaluate whether you’re covered should you experience a wildfire-related loss. Don’t wait until it’s too late—learn more about your coverage today.
This article is for informational use only.