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The First Hurricane of 2018 Has Arrived

In case you missed the news, Beryl has officially earned the dubious honor of being named the first hurricane of 2018. While it isn’t expected to pose a major threat to South Florida and will likely weaken, it reinforces the need to be prepared in the event another storm like last year’s Hurricane Irma emerges.

Being prepared means also making sure your insurance policy can withstand the effects of a major storm. Many homeowners make the innocent mistake of not getting enough coverage to protect their assets. Despite the costs, it may make more sense in the long term to cover a home that’s worth about $300,000 instead of just the mortgage.

Unfortunately, there is no simple solution to ensuring your home is protected in the event of a natural disaster. Thoroughly do your homework in choosing your policy and make sure you know what is and isn’t covered in your terms. Your policy may only provide coverage for interior damage while leaving out exterior damage. You may live in a property that provides external damage coverage via a homeowners’ association policy. This policy may not cover any damage to your personal belongings.

Also remember: most policies don’t cover floods. That’s something important to keep in mind, especially if you live near the ocean.

This information is provided by Miami insurance attorney Alonso & Perez, LLP. Our areas of practice include bankruptcy, insurance litigation, foreclosure defense, immigration law, and more. Call 305-676-7545 to speak with one of our attorneys or a Miami insurance settlement lawyer and receive a free consultation We look forward to working with you.

This information is provided for educational or informational purposes only and should not be construed as legal advice. The information is not provided in the course of an attorney-client relationship and is not intended to substitute for legal advice.