So You Think You’re Covered (NAPSA)—Sometimes it seems like the newsjust keeps repeating itself; Another natural disaster is right around the corner. Fortunately, there are things you can do to protect your property. Take a Close Look Some homeowners take comfort in believing that if their dwelling is struck, their insurance will cover all or most of the damage. The trouble is— that may not be true. Homeowners INSURING insurance poliYOUR SUCCESS cies are complex documents. Premiums are paid to cover whatis written in black and white—nothing less but nothing more, either. So, nothing should be assumed by the policyholders. For example, it’s erroneous to think earthquake damage would be covered unless the policy specifically says so. What to Do Next Since standard homeowners policies don’t cover it, an earthquake addendum, often called an endorsement, would be neces- sary—or perhaps a separate earthquakepolicy altogether. Another example: Whenrivers and streams run amok because of violent tropical storms, homeowners inadequately protected by their insurance can be left both soggy and sorry. Expert Advice David Thompson, CPCU, an instructor with the Florida Asso- Every homeowner should con- sider flood insurance, even those not in Special Flood Hazard Areas. ciation of Insurance Agents, counsels preparation. “I’d encourage everyone to read their insurance policies and speak with their agent or broker about the coverage provided,” said Thompson. “When it comes to natural disasters related to hurricanes, consumers are always best off to have both a homeowner’s policy anda flood policy. Since about 25 percent of flood losses take place outside of a Special Flood Hazard Area, everyone should consider purchasing flood insurance.” Who Can Help Adequate homeowner protection can be secured from an agent or broker whose nameis followed by CPCU. Those letters mean the individual has passed a series of difficult industry examsrelated to property and casualty insurance, is experienced in the field and is committed to a tough and enforced codeofethics. To find one nearby, visit www.cpcusociety.org, click Consumers and then click Find An Agent/Broker in the left-hand margin or call (800) 932-2728.
