American IRA, a Self-Directed IRA Administration Firm, Offers Hurricane Florence Insurance Claim Tips
After a devastating storm hit the North Carolina coast and surrounding region, the Self-Directed IRA Administration firm American IRA published a list of insurance claims tips for Self-Directed IRA owners.
ASHEVILLE, N.C., Oct. 18, 2018 /PRNewswire-PRWeb/ -- It was a hurricane unlike many had seen in some time: Hurricane Florence came in to the North Carolina coast and surrounding region and would not leave until it had caused widespread damage. In response, American IRA—a Self-Directed IRA administration firm based in Asheville, NC—decided to publish a list of insurance claim tips for those Self-Directed IRA owners who were affected by the storm.
The post detailed some important tips, starting off with "Safety first!" and noting that it was integral that people not investigate damaged buildings until they were cleared. Structural damage, standing water, and live electricity can cause a high degree of risk within a property. The article recommended having a qualified architect or engineer inspect the Self-Directed IRA investment before entering or letting others enter the building.
Other issues—such as downed powerlines—also lead to potential safety hazards. And while it might be tempting for investors to consider purchasing repair supplies with personal funds, these can be prohibited transactions within a Self-Directed IRA.
The article then went on to offer Hurricane Florence insurance claim tips, such as keeping all receipts for lodging, food, and gas expenses incurred as a result of the hurricane. Keeping track of lost rent would also create relevant expenses that came about from the hurricane's fallout.
"Having a property in this situation can be distressing," said Jim Hitt, CEO of American IRA. "People are looking for next steps. And with the proper insurance, it is possible that they can have minimal loss when it comes to addressing the problems from the storm. But it also requires taking the proper steps—and avoiding the pitfalls that often come with wanting to charge right in and solve all of your investment problems with a personal check. It is imperative that investors know the right way to do it—which is why we created this post."
For more information on Hurricane Florence insurance claims, or to find out more about American IRA, visit http://www.AmericanIRA.com. Interested parties may contact American IRA at 866-7500-IRA.
About:
American IRA, LLC was established in 2004 by Jim Hitt, CEO in Asheville, NC.
The mission of American IRA is to provide the highest level of customer service in the self-directed retirement industry. Jim Hitt and his team have grown the company to over $400 million in assets under administration by educating the public that their Self-Directed IRA account can invest in a variety of assets such as real estate, private lending, limited liability companies, precious metals and much more.
As a Self-Directed IRA administrator, they are a neutral third party. They do not make any recommendations to any person or entity associated with investments of any type (including financial representatives, investment promoters or companies, or employees, agents or representatives associated with these firms). They are not responsible for and are not bound by any statements, representations, warranties or agreements made by any such person or entity and do not provide any recommendation on the quality profitability or reputability of any investment, individual or company. The term "they" refers to American IRA, located in Asheville and Charlotte, NC.
SOURCE American IRA, LLC
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