Archive for August, 2009

Hurricane Season is Here!

August 31, 2009

With hurricane season in full swing, the prospect of widespread flooding is top of mind — especially in coastal communities. Following are a few actions you can take to better prepare yourself if you should find yourself the victim of significant water damage.

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Maximizing Your Insurance Settlement

August 14, 2009

I get a lot of questions about how to maximize insurance settlements. Below are some suggestions on what to do during the early stages of a home disaster.

First and foremost, be sure to save any and all receipts related to the inconvenience of being displaced from your home. This includes hotel (be sure to clear hotel arrangements with the insurance company first), restaurant meals and even the expense of developing your photos. Keep in mind that some insurance companies may have reimbursement caps such as meal per diems and clarify any of these items with the agent up front. In my case, for example, I was reimbursed only for incremental meal expenses above and beyond my regular grocery costs. It is, unfortunately, true that the odds of the insurance company proactively communicating this information to you are low. (more…)