How to Review Insurance Documents

One of the most devastating post-hurricane discoveries is learning your insurance doesn't cover your losses. Standard homeowners insurance typically doesn't cover flood damage—you need separate flood insurance—and hurricane deductibles are often a percentage of your home's value rather than a flat amount. This annual review involves verifying your coverage amounts reflect current rebuild costs, understanding your deductibles, confirming you have flood insurance, and updating your home inventory. Taking time to understand your policies before a storm ensures you're not facing financial ruin when disaster strikes.