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FOR IMMEDIATE RELEASE
New York Press Office: (212) 346-5500; media@iii.org

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The I.I.I. Makes Available Broadcast Quality Interviews, Sound Bites and B-Roll
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NEW YORK, July 28, 2014 — Before peak hurricane season take the time to review your homeowners or renters insurance policy and make sure you have the right amount and type of coverage, recommends the .

“The time to review your home or renters policy is before you have a loss,” says , senior vice president and chief communications officer at the I.I.I. “You don’t want to find out after you file a claim that you could have purchased more insurance.”

The I.I.I. offers the following five tips to properly insure your home:

1. Review Your Insurance—Before You Have a Loss!

• Read the Declarations “Dec” (front) page of your policy, as it provides a useful summary. Review all policy documents and contact your insurance professional with any questions. ��

2. Understand Which Disasters Are Covered—and Which Are Not

• Hurricanes, windstorms and tornadoes are covered by standard homeowners and renters policies.
• Floods and earthquakes are not covered—you must buy separate policies for these disasters. Coverage for flooding and storm surge is available from the and from a few private insurance companies. There is a 30-day waiting period for flood insurance to go into effect, so buy it now if you need it.
• More information about flood insurance:

3. Have Enough Insurance

• Get enough insurance to rebuild your home and replace your personal possessions.
• Know the difference between replacement cost and actual cash value coverage; understand your additional living expense coverage; and consider getting law and ordinance insurance so you can rebuild to current building codes: ;
• Have an up-to-date home inventory to ensure your personal belongings are properly covered and to help file a claim.
• If you are a renter and don’t have a renters insurance policy, now is the time to get one:

4. Understand Your Deductibles

• A deductible is the amount you pay out of pocket for a loss before ������ý coverage kicks in. Know the difference between a standard dollar deductible and wind or hurricane deductibles, and when they would be applied. This information is available on the Dec page.
• More information on deductibles:

5. Consider Special Coverages

• You may want to get coverage for sewer backup if you live in an area with an aging infrastructure:
• Consider a floater or endorsement for expensive jewelry, artwork, musical instruments or collectibles:

RELATED LINKS

• Video:

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