Local insurance agent says to review your policy this Spring
When hailing the size of a baseball falls or harsh winds batter your belongings, an insurance agent says you want to be sure you are covered.
LINCOLN, Neb. (KLKN) — When hailing the size of a baseball falls or harsh winds batter your belongings, an insurance agent says you want to be sure you are covered.
Channel 8 talked to a local insurance agent who says to read your stack of insurance papers! He adds the pandemic has caused insurance companies to cut back, but savings could come in the future to those insured.
“The pandemic has brought at of things to the front of the vision of the corporations,” said Monte Eastin, American Family Insurance. “That they know they can trim a lot of the overhead out that has been costly to us and that’s going to give us hopefully some savings in our premiums that we don’t have to ask back from our customers.”
Eastin says over 70 percent of insurance claims in Nebraska are for wind and hail damage. He points out that a lot of roof replacements in the past five years have occurred with insurance coverage and customers should make sure they are properly insured or they could be fined.
“They need to know what kind of coverage they have on their roof whether its replacement cost or actual cash value and they need to know whether they have actual coverage on their house,” said Eastin. “People, if they don’t have adequate coverage on their home, they can possibly have a penalty assessed to them on their claim if they don’t have adequate coverage if they’re underinsured.”
He adds one of the most common mistakes people make is not understanding what is covered, so read your policy to be prepared this weather season.
Eastin says this is the time to read, know and understand your insurance.
“Reviewing their policy is more important than ever right now however they want to do it there are multiple ways we can do it but they need to do it,” said Eastin.
He says if you want items like sump pump coverage, it should be on the declaration page or you will not be covered for that item.
“They need to sit down and look closely at their policy,” said Eastin. “Even though it’s a lot of pages, we don’t expect them to be able to understand it but there’s a lot of information on the front declaration page.”
Eastin says even though it is a pandemic, reach out to your agent through zoom calls or make an appointment in an office where mask-wearing is an option.