Monday, October 29, 2012

Hurricane Sandy: The Insurance Claim Maker


Flood insurance claims
Recently thousands have been dramatically affected by the overwhelming destruction Hurricane Sandy brought to the East Coast. This natural disaster has wiped out entire communities and landmarks, leaving a trail of flooding, gas leaks, power outages and tears in its wake.

People across the nation are sending relief to the victims of the East Coast, and many may have wondered how some families are going to recover from this traumatic occurrence. Thousands of insurance claims for homes and businesses are likely to flood insurance agencies in the coming weeks, so the Equifax Finance Blog decided now was a good time to give some tips with dealing with damage from natural disasters for future reference.

In their article, “Hurricane Sandy Insurance Claims Tips,” Equifax states that some results from natural disasters are not always covered by homeowner’s insurance. Take flooding for instance, memories can be lost, like your wedding photo album or grandparent’s portraits, flood waters can creep into every part of your home like your walls, furniture, lighting, electronics and more. Some of these treasures may be irreplaceable, but it could be even worse if you haven’t invested into alternate insurance to cover something like a flood.