The Varying Types of Property Losses After a Hurricane
When it comes to property loss following a hurricane, there are three categories’ damages can fall under: total loss, severe loss and moderate loss. Knowing which type of loss you experienced can better help you during the insurance claim process.
Total Loss:
In a total loss, you can expect your whole property to be gone or damaged to a degree that is unlivable. In this type of loss, residents will need to find an alternative place to live during the purchase of a new home or the rebuild. Some insurance companies will pay a housing allowance during this period that equals the cost of your monthly mortgage prior to the damage. However, each policy differs so it’s imperative to know the details of your coverage.
Severe Loss:
This will include any significant damage to your roof, siding, or windows. When you experience severe loss, you might need to make immediate temporary repairs to keep your property safe during continued bad weather. Make sure you keep all receipts and make a claim to your insurance company as soon as a possible.
Moderate Loss:
This might include broken or loose shingles, gutter damage or damage to outdoor furniture. It’s important to take pictures of your interior and exterior property to better assess and make an accurate claim to your insurance company.
For more information on how to better protect your home from the threat of hurricanes, please contact APEX Custom Builders at (850) 660-6900.
