5 Steps to take before an insurance loss

Unfortunately somewhere across the country homes and businesses are suffering an insurance loss and even though we all think it won’t happen to us, the fact is, it does. Fortunately, there are steps that you can take to minimize the amount of loss or extent of damage, and to make filing and processing your claim a little less problematic.

1. Keep a household inventory checklist. Here is a printable version for your convenience http://www.tdi.state.tx.us/pubs/consumer/cb086.pdf. In addition to a written inventory and a video or photographic record, it might be helpful to engrave your larger possessions, (such as televisions, DVD players, stereos, computers) with an identifying mark. Engraving can prove to be extremely important if any of your possessions are stolen and eventually recovered by the police. You should also record the serial numbers of any electronic or computer equipment. Keep a copy of your insurance policy along with your checklist and photos/video somewhere safe, for example, a safe deposit box or in your email archives so you can access them at any time.

2. Smoke Alarms! Smoke Alarms! When properly installed and maintained, they can provide an early warning of a fire. This simple precaution could minimize the property damage caused by a fire and, more importantly, save lives! Businesses and even some homes now have sprinkler systems, which can also minimize fire damage. Fire extinguishers, strategically placed in your home or business, can also help keep a small fire from becoming a much larger one.

3. Inspect the locks on your front door or any other door that gives access to your home or business. The installation of dead bolt locks will make entrance into your home more difficult. Basement windows, first-floor windows, or any window opening onto a fire escape should be equipped with a window lock. Also consider having an electronic security system installed.

4. We all know coastal area residents have experienced major property damage from severe weather storms in recent years. If you live in or near these areas you might want to consider installing hurricane/storm shutters and/or hurricane resistant laminated glass windows and doors. In fact insurance companies are required by law to offer discounts to any homeowner who has installed hurricane/storm shutters or hurricane resistant laminated glass windows and doors. Check with your agent, broker or insurance company sales representative about whether you can take advantage of such a discount.

5. If you live in a flood zone or think you might be at risk for flooding you might want to consider a flood insurance policy. Most homeowners don’t realize that the typical homeowners insurance policy DOES NOT COVER FLOOD. You need a completely separate policy to protect your home or business. For more information about flood insurance visit http://floodsmart.gov

To learn more call 1-866-450-8520. Here at RHI Claims Specialist, Inc. our experienced staff are ready to assist you with any questions you may have regarding your policy or claim.