Thursday, August 25, 2016
Tuesday, August 23, 2016
What to Do AFTER the Storm
What to Do AFTER the Storm
June 7, 2016 |
While storm preparation is key, it’s also important to understand what you should do post-storm so you can begin the rebuilding process quickly.
- Notify Tower Hill of damage as soon as possible at800.342.3407 to start the claim filing process.
- Make temporary repairs in order to help avoid further damage, such as placing tarps on damaged roofs or boarding up broken windows. Hire only licensed, reputable repair companies and be sure to keep receipts for all repairs to provide to your claims adjuster.
- Take photos or video of damage prior to cleanup. If possible, do not throw away damaged items until the claims adjuster has reviewed them.
- Have your household inventory available for the claims adjuster, complete with photos/videos, receipts, and important information such as make and model numbers.
In partnership with Tower Hill, your insurance agent and claims adjuster are committed to helping you through the claims process step-by-step. Our goals are two-fold: your complete satisfaction and helping you repair and rebuild as quickly as possible.
How to insurance a home that does not pass a 4 point inspection.
How do I get insurance if my home can't pass a 4-point
inspection?
Most insurance
companies require a satisfactory 4-point inspection report be submitted to them
before they will insure an older home—typically more than 40 to 50 years old or
so, depending on the company. The purpose of the inspection is to determine if
there are any deteriorated or unsafe conditions in the home that have developed
due to its age, which have the potential to cause an insurance claim in the
future. The four “points” are: roof, plumbing, electrical, and heating/air
conditioning.
But if the
inspector turns up so many defects during the 4-point inspection that the
insurance company declines to insure the property until they are fixed, there
is another option. It’s called a “builder’s risk” or, sometimes, a “vacant
property” or “surplus lines” policy, and is often purchased by remodelers that
buy uninhabitable houses in order to have insurance while they are repairing
them for resale.
One company that
writes this type of policy is Tapco Insurance Underwriters. You cannot buy the
policy directly from the company, and need to find a local independent
insurance agent that represents them.
There are limited requirements
to secure this type of insurance. The policy is not cheap; so you only want to
use it for as long as it takes to get the house improved sufficiently to pass a
4-point inspection. The minimum policy term offered is usually 6-months.
As far as we know,
no company offers this type of policy for a manufactured/mobile home. Also,
many policies include a clause that does not allow you to get a refund for the
unused portion if you complete your repairs quickly, and want to cancel and
switch to standard homeowner’s insurance before the end of the policy term.
www.lehnandvogt.com
Lehn & Vogt Insurnace
2980 S McCall Rd
Englewood, FL 34224
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