5-Step Insurance Guide and the Misconceptions about Natural Disasters

No matter where we live, the threat of a natural disaster is real. Are you prepared? In this post we discuss 5 tips to help you insure that your home is covered, as well as focus on misconceptions about natural disasters that can occur in Ohio.



Myth: Tornadoes don’t cross water. Fact: Tornadoes occur in any terrain Myth: Taping a big X on windows stops them from shattering. Fact: A big X on a window won’t save it from a flying object. According to the national weather service, averages of 1,000 tornadoes touch down in the U.S. each year–900 more than Canada. And, the average cost in damages by a tornado is $25 million. Scary!


Myth: Earthquakes only affect fault lines. Fact: Earthquakes can happen anywhere. Yes, even in Ohio. Myth: All earthquakes can be felt. Fact: Only 20% of earthquakes are felt.


Myth: A couple of inches of water won’t do much harm. Fact: 6 inches of water can knock you off your feet; two feet will cause vehicles to float. The bottom-line is: be prepared.

Natural disasters happen everywhere. When those tornado sirens are blaring, take cover and be safe. Don’t forget when you are ready to buy or sell your home, contact a REALTOR professional, a member of the Akron Cleveland Association of REALTORS


5 Step Insurance Guide

 1. Take pictures prior to and after a disaster, so you can show the difference. Understand how to report damages to your insurance provider

2. Review your existing insurance policy for the amount and extent of coverage so that you have in place what is required for you and your family for all possible hazards.

3. Be aware that insurance policies sometimes take as long as 30 days before they pay out. Make sure you are covered for the period before the payout.

 4. Store important documents such as insurance policies, deeds, property records and other important papers in a safe place, such as a safety deposit box, away from your home.

5. Create a one-page document with your insurance policy and account numbers, insurers’ phone numbers and your bank and mortgage company phone numbers. Be sure to secure this document in your safety deposit box. Look for next month’s column, Misconceptions about Natural Disasters.



Leave a Reply

Your email address will not be published. Required fields are marked *