Underinsurance Q & A
Protect Your Home From Burglars Before You Go On Vacation
What is underinsurance? Underinsurance describes when an insurance policy has a stated limit that does not adequately cover the replacement cost of the insured item. This could include a home, auto, jewelry or artwork. The process of adequately insuring property is also known as “insuring to value.”
In this article, IINC addresses underinsurance and how to prevent it.
Is Your Home Fire Safe?
Before you pile your luggage in the car or get your airline tickets ready for that long awaited vacation, make sure that once you leave, you won't return to an empty house. IINC suggests you follow some simple guidelines before your next trip.
Flood Insurance: What Every Homeowner Needs To Know
Wildfire season isn't limited to summer and fall any more. Before things really heat up, California homeowners can take simple steps to protect their homes and neighborhoods against wildfires.
Another item to remember is to check and update your homeowner insurance. Unfortunately, some homeowners affected by fires discover that they're underinsured.
Federal Disaster Assistance
Did you know that most homeowners insurance policies do not offer protection against flood losses?
Standard homeowners policies will cover the damage a storm might cause to your home and possessions, but exclude damages from what is known as "rising water." Why? Insurance is essentially a device to spread risk, and few homeowners really need or would purchase this coverage.
California is a state fractured by faults, rich with thick, combustible vegetation and vulnerable to violent storms. Millions of Californians are exposed to natural hazards which may have disastrous consequences.
Following a disaster, federal recovery relief may be available to victims.