Beau Bishop, our SVP of Catastrophe Operations, was recently featured in Risk & Insurance, where he shared expert strategies to help businesses and homeowners better prepare for and recover from natural disasters.
In the article, Beau emphasizes how proactive planning and a deep understanding of your insurance coverage can significantly ease recovery efforts after events like wildfires, hurricanes, and floods.
Key Takeaways from the Article:
- Safeguard Properties Before Disaster Strikes: Assess local risks and take protective steps, like clearing brush in wildfire zones or installing storm shutters in hurricane-prone areas to reduce damage.
- Understand Your Insurance Coverage: Many standard policies don’t cover floods or wildfires. Make sure your coverage matches your property’s risk profile and keep backup copies in a secure location.
- Create a Preparedness Plan: Include evacuation routes, emergency contacts, and a secure way to store important documents.
- Document Everything for Claims: Take photos and videos of damage, keep receipts for repairs, and be present for the adjuster’s visit to ensure accurate evaluations.
- Know Your Rights: If you disagree with your insurance company’s assessment, consider a second opinion or file an appeal to pursue fair compensation.
These strategies are critical in today’s environment, where natural disasters are becoming more frequent and more costly.
