How to protect your home

1/20/2017 (Permalink)

Protecting your home

Protect Your Home

It’s not a good idea to bet the odds — 20% of flood claims come from places where the flood risk is low, according to floodsmart.gov. Check with your insurance agent to see what flood insurance will cost you.

If you live in a community that participates in the National Flood Insurance Program, you can buy an NFIP flood policy. Participating communities agree to adopt and enforce ordinances that meet or exceed FEMA requirements to reduce the risk of flooding, according to NFIP.

Avoid Costly Financial Mistakes

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3. Are You Getting the Home Tax Deductions You're Entitled To?

Protect Yourself

If you live in a high-risk area, it’s a good idea to have a “go-bag” ready in case you need to leave quickly. Include:

• A few changes of clothing for you and family members
• Insurance policy numbers
• Phone numbers of your agent
• Your insurance company’s main number
• Essential toiletries
• Money to get you through a few days

It’s also wise to have an evacuation route mapped out and to have a location to which you can go, such as a loved one’s home or hotel. Always follow the direction of local and state authorities if ordered to evacuate. Remember: Your possessions and your home are small comfort if your family is injured or worse.

Preventative measure: If you believe water will begin to accumulate in your home, shut off power at the main electrical panel in your home, says Bill Begal, owner of Begal Enterprises, a Rockville, Md., disaster restoration company. But never stand in water to do so — if the area around the box is already flooded, leave it alone.