No one invites a hurricane; sometimes it just shows up.
From fundraisers to weddings, summer is prime time for event plans. Granted, the circumstances for 2020 are a bit different, with many events already canceled due to COVID-19. Get answers about special event insurance and other insurance questions related to the pandemic here.
Unfortunately, it is also peak hurricane season in the Northeast.
While all you can do is hope for sunny days as you look ahead and start planning for the future, there are several actions you can take to protect your property and special events on the chance that a storm comes knocking at your door.
Protect Your Property With Homeowners Insurance
Review Your Homeowners Policy
Talk to your insurance agent about important elements like your hurricane deductible, which is how much you’ll pay before your insurance company pays your claim. A hurricane deductible is generally a percentage of the insured value of your home, with higher deductibles in areas prone to hurricanes.
Understand What’s Not Covered
According to the National Flood Insurance Program, 90% of natural disasters in the U.S. involve flooding. However, flooding is typically not covered by a standard homeowners policy. If you are concerned about floods, you may want to consider purchasing a separate flood insurance policy; depending where you live, it may be required.
Create a Home Inventory
Create a video or list of your belongings and put it with any receipts to prove their value; save it with other important financial documents and emergency supplies that you’ll grab if you must evacuate. This will speed up the claims process.
Ready Your Home
When a storm is on the way, tie down outdoor furniture and remove weak branches. Consider long-term solutions like installing storm shutters and hurricane-proof doors.
Protect Your Events With Event Insurance
Say “I Do” to Wedding Insurance
In the worst-case scenario that severe weather forces you to cancel or postpone, you will be covered. It will also save you from financial losses if your DJ doesn’t show up or someone gets hurt. “You plan for everything to go right, but the last thing you need is out-of-pocket expenses if something goes wrong,” said Steven Holland, commercial insurance manager for AAA Northeast.
Be the Host With the Most (Coverage)
As host of any social or sporting event, convention or fundraiser, you are responsible for expenses and liabilities. Don’t risk it.
Download our free hurricane preparedness guide. AAA.com/HurricaneGuide