03/01/2025
# Spring Storm Alert: Is Your Insurance Ready? ๐๐ช๏ธ
Spring storms are almost here, and if you haven't checked your homeowners insurance lately, you might be in for a shock. Insurance companies nationwide have quietly made MAJOR changes to policies that could leave you paying thousands out-of-pocket after a storm.
๐๐ผ๐ป'๐ ๐๐ฎ๐ถ๐ ๐๐ป๐๐ถ๐น ๐๐ผ๐ ๐ต๐ฎ๐๐ฒ ๐ฑ๐ฎ๐บ๐ฎ๐ด๐ฒ ๐๐ผ ๐น๐ฒ๐ฎ๐ฟ๐ป ๐๐ต๐ฎ๐'๐ ๐ฐ๐ผ๐๐ฒ๐ฟ๐ฒ๐ฑ!
Here's what homeowners need to know RIGHT NOW:
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New policies often include "cosmetic damage waivers" that won't cover dents or marks to siding or roofing that don't affect function
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Many companies have switched to "roof payment schedules" that dramatically reduce payments based on roof age
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"ACV on roof only" provisions mean you only get depreciated value, not replacement cost
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Higher wind/hail deductibles (often 1-2% of your home's value!) have become standard
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Some policies now exclude entire categories of storm damage unless you've purchased special endorsements
๐๐ฒ๐ฟ๐ฒ'๐ ๐๐ต๐ฎ๐ ๐๐ผ ๐ฑ๐ผ ๐ง๐ข๐๐๐ฌ:
1๏ธโฃ . Pull out your policy and actually READ it (yes, the boring parts too)
2๏ธโฃ . Look specifically for wind/hail deductibles and exclusions
3๏ธโฃ Check if you have actual cash value (ACV) or replacement cost coverage
4๏ธโฃ . Document your home's current condition with photos/videos
5๏ธโฃ . Call your agent to discuss any concerns or gaps in coverage
Are you still not sure what your policy really covers? Call Mark Cook, a retired roofing contractor with over 30 years of experience, over a billion dollars worked in insurance claims, and a licensed public adjuster (License # 8431306) who can help you understand your coverage BEFORE disaster strikes.
Remember: You should understand your coverage BEFORE the storm hits, not while standing under a damaged roof wondering why your insurance will not pay.
Contractors are prohibited by law from negotiating with your insurance company. You are always responsible for paying your deductible.
