Orange Park, FL (PRWEB) September 4, 2009
Fidelity Insurance Group, Inc., http://www.fidelityinsgroup.com , in the Jacksonville, FL area is advising people to check their homeowners insurance during this hurricane season. Researchers from Colorado State University say above average hurricane activity is expected, and that the U.S. coastline has a higher than usual chance of being in the path of at least one major hurricane this season. Researchers estimate the likelihood of at least one category three, four or five hurricane making landfall is 63%, markedly above the 52% average for the last century.
The official Atlantic hurricane season runs June 1st through November 30th. Once a storm is within range of land it is too late to change or add coverage. Fidelity Insurance Group, Inc. says it is imperative that people review their homeowners insurance right away.
Fidelity Insurance Group, Inc. is offering the following tips to make sure people's homeowners insurance will provide adequate coverage this hurricane season:
- Hurricane Deductible -- Some states have implemented separate deductibles for hurricanes based on a percentage of the home's insured value. Note that wind damage caused by non-hurricane storms is subject to the policy's general deductible not the hurricane deductible.
- Flood Insurance -- Flood damage is not covered under a standard homeowners' policy, but flood insurance is essential in high risk areas.
- Replacement Cost vs. Actual Cash Value -- Replacement Cost policies cover the amount needed to replace or repair a home without a deduction for depreciation. These policies generally cost about 10 percent more, but they provide much more comprehensive coverage than Actual Cash Value policies.
- Guaranteed or Extended Replacement Cost -- Provides additional coverage if widespread damage inflates the cost of building materials and labor.
- Inflation Guard -- Automatically adjusts policy limits to reflect changes in construction costs so homeowners do not have to increase limits each year.
- Building Code Upgrades -- If a home is severely damaged, it will need to be rebuilt to comply with current building code standards that could add increased building costs. Law and ordinance coverage ensures these extra costs are covered.
- Additional Living Expenses -- Covers the costs of living elsewhere while a home is being rebuilt or repaired.
To protect assets this hurricane season, also:
- Inventory, photograph or video tape all household items. Keep receipts, inventory lists, copies of the homeowner's insurance policy and insurance company contacts in a safe place that can be accessed in the event of a storm.
- To minimize losses, take steps to protect personal property when a hurricane is imminent, such as covering windows with shutters, siding or plywood.
- Keep materials such as plywood and plastic on hand for temporary repairs after a storm. Keep receipts as repairs are made, as they may be reimbursable by an insurance company.
- Be wary of rushing into a contract or placing a hefty deposit with a company for repairs. Unfortunately, fraudulent contractors often flock to natural disaster sites, so it is important to consult with an insurance agent before hiring anyone.
About Fidelity Insurance Group, Inc.
Fidelity Insurance Group, Inc. is an independent insurance agency in North Florida, serving Jacksonville, St. Augustine, Orange Park, Palm Coast and beyond. Fidelity Insurance Group, Inc. specializes in auto, life, flood and homeowners insurance. Working hand and hand with the highest rated insurance companies to pick a plan that's perfect for clients' needs, Fidelity beats its competitor's prices more than 90% of the time. For more information, please visit http://www.fidelityinsgroup.com.
Fidelity Insurance Group, Inc.