MYRTLE BEACH, SC (WBTW) – Sammy Truett of Moore & Associates Insurance joined News13 Now on Thursday at 9 a.m. to talk about insurance questions following Hurricane Matthew. Watch the video to learn more.
One thing Truett mentioned that many insurance policy holders don’t realize is that their police has a “named storm” deductible. Often that means that if there is damage from a named storm such as Matthew, the deductible on the policy becomes a percentage of the property’s value. That often increases the cost of the deductible. So reviewing you policy may help you avoid surprises.
In the event you have damage from a storm, the following can hep you handle the insurance process.
- Take pictures of the damage.
- Get the Declaration Page of your insurance policy, confirm your deductible.
- Compare deductible to cost of damage. (Please note that sometimes the deductible is a percentage (2-5%) of the amount that you are insured for. For example, if your home is insured for $100,000 and you have a 5% deductible, your deductible would be $5000. Based on your deductible and the amount of damage sustained, you may opt not to file a claim.)
- Contact insurance agent. Call the 800 number on the policy to get the claim started.