Severe Weather Means It’s Time To Check Your Insurance Policies

Back To Articles Severe Weather Means It’s Time To Check Your Insurance Policies
Before disaster strikes, speak with your independent agent today to discuss your current coverage and the endorsements that can truly give you the peace of mind you need and deserve.

If you’ve watched the news recently, you’ve likely noticed that intense storms are becoming more regular, with some catastrophic results. From wind damage to wildfire, weather-related damage is one of most common claims we see, so ask yourself – Are you ready in the event of disaster?

While you can’t control the path of the storm, you can control the outcome by making sure you’re properly protected in the event of a weather-related incident. That means it is time to review your homeowner’s insurance policy! Here are three questions you need to ask yourself and your agent!

Does your current coverage fully respond to weather issues?

Most homeowner's insurance policies provide coverage for the structure of your home against named perils, or certain catastrophes (such as fires, hurricanes, tornadoes, lightning, or other disasters specifically noted in your homeowners insurance policy).

A notable coverage exclusion of Homeowner's Insurance policies are floods and earthquakes; insurance to protect against these types of losses almost always has to be purchased under a separate policy.

Coverage for your Personal Belongings

Your homeowners insurance policy will also provide basic coverage to protect the contents of your home. According to the Insurance Information Institute, “most companies provide coverage for 50% to 70% of the amount of insurance you have on the structure of your home.”

You can extend the amount of that coverage in the event you need additional protection by adding a Valuable Possessions Endorsement to your Homeowner's policy.

Customized Homeowners Insurance To Fit Your Needs

While all Preferred Mutual homeowners insurance policies are specific to your individual property and coverage wants and needs, we also have high value homeowners insurance policies, as well as mobile home insurance policies designed to be more customized out of the box to fit your unique needs - and give you peace of mind.

How quickly will your insurance company respond in extreme weather?

The truest test of any insurance company is how it responds when you have a claim. Preferred Mutual provides 24/7 claim service, by providing you several ways to file a claim:

  • Phone: Call 1.800.333.7642 and follow the prompts to report a claim
  • Email: Claims.newlosses@preferredmutual.com
  • Online: Our secure online customer service center lets you enter a claim and check its status 24/7/365. To get started, register and/or log onto MYPreferred; or
  • By Agent: Contact your independent agent to file a claim for you.

If you have general claims questions or inquiries about a previously reported claim, you may email claims@preferredmutual.com, or call 1.800.333.7642 during business hours, by having your claim number included in the subject line of your email or having it ready when calling in!

Is your insurance company financially strong enough to address a catastrophe?

In a major disaster, your insurance company may need to pay many claims at once. Preferred Mutual can handle that. Why? Because we’ve been rated “A”(Excellent) for the 18th consecutive year, by A.M. Best, one the world’s leading credit rating agencies in the insurance industry. Its purpose is to provide consumers comprehensive and insightful information regarding the creditworthiness of insurance companies, and we are honored to have received the rating of “A”, affirming our ability to help you Live Assured.

From the structure of your home, to the valuables and memories you hold so dear, Live Assured isn’t just a tagline – It’s our promise to protect what matters most to you. Before disaster strikes, speak with your independent agent today to discuss your current coverage and the endorsements that can truly give you the peace of mind you need and deserve.

This information is intended for educational purposes only and is not legal advice and/or an authoritative guide.

Did you know that your Internet browser is out of date?

Your browser is out of date and may not be compatible with our website.
A list of the most popular web browsers can be downloaded from below.

Close This Window

By closing this window you acknowledge that your experience on this website may be degraded.