{"id":811,"date":"2019-03-07T15:52:01","date_gmt":"2019-03-07T21:52:01","guid":{"rendered":"https:\/\/www.insuringky.com\/blog\/?p=811"},"modified":"2019-03-28T19:34:24","modified_gmt":"2019-03-29T01:34:24","slug":"before-the-wind-blows-protect-your-home-and-auto-from-severe-weather","status":"publish","type":"post","link":"https:\/\/www.insuringky.com\/blog\/before-the-wind-blows-protect-your-home-and-auto-from-severe-weather\/","title":{"rendered":"Before the wind blows; protect your home and auto from severe weather."},"content":{"rendered":"\n
\"\"
The first signs of spring<\/figcaption><\/figure><\/div>\n\n\n\n

Spring is knocking at the door and with it the rising risk\nof insurance claims. The number and severity of storms in Kentucky have grown\nat an alarming rate. The average number of tornadoes in Kentucky over the last\nfive years is 28.7. The annual average going back to 1950 at 14.6 tornadoes per\nyear is roughly one half of the current experience. <\/p>\n\n\n\n

\"Is<\/figure><\/div>\n\n\n\n

Kentucky’s weather is so out of hand.\u00a0 Some have even suggested that we are now part of the infamous Tornado Alley. A 2018 report by LEX18 News said just that. <\/p>\n\n\n\n

In 2018 Kentucky was hit by 604 wind and hail storms. Of these,\n41 were tornadoes. That is up 43% from the previous five years and an even more\nalarming 181% from the period 1950 through 2018.<\/p>\n\n\n\n

\"US
US Government HARP project is commonly considered to be experimenting with weather control<\/figcaption><\/figure><\/div>\n\n\n\n

While we cannot change the weather, we can reduce Kentucky\nhome and auto owner\u2019s exposure to it. Insurance is not a commodity. There are\nsome that would like for you to think it is. Good insurance agents recognize\nthe importance of providing clients with the proper protection. That includes\nresponding to ever changing risks. <\/p>\n\n\n\n

Storm Alert: Auto insurance awareness<\/h4>\n\n\n\n
\"Hail<\/figure><\/div>\n\n\n\n

Protecting your car from damages related to storms is\nsimple. Make sure you have comprehensive coverage checked. It provides coverage\nfor vehicles damaged by wind, hail or falling objects. <\/p>\n\n\n\n

Every auto on the road must have liability insurance. But\nthe wheels of many high-value and antique cars may never touch the road. Do\nthese vehicles need liability insurance? Maybe not, and they may not need\ncollision coverage either. Let’s stop and think about the next move. Removing\ncomprehensive coverage may not be the smartest move. When insurance is dropped\non cars that are not driven, owners are still exposed to Mother Nature. Fire,\nwind, hail and other risk can still damage the vehicle even when it’s garaged.\nThese risks are compounded during the spring. <\/p>\n\n\n\n

Comprehensive coverage is relatively inexpensive. Relative to the potential loss, this coverage can be very cost effective. <\/p>\n\n\n\n

Storm Alert: Home insurance Awareness<\/h4>\n\n\n\n

Each client’s unique needs determine the coverages required. However, there are several considerations that may have severe<\/g> impact on anyone. <\/p>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

While tornadoes take center stage, it\u2019s the hail storms that\nlead the way when it comes to losses. While this statement may seem\ninsignificant it has major ramifications on insurance. Total loss or partial\nloss. Tornado versus hail storm. A good insurance policy needs to work well\nregardless. <\/p>\n\n\n\n


\n What types of losses will your policy\ncover? This is critical. If it is available to you, a special peril or all-risk\npolicy is what you want. As opposed to a basic form or broad form, the special\noption provides superior protection.<\/p>\n\n\n\n

You will have the option for Replacement Cost coverage or\nActual Cash Value (ACV). All other things being equal, you will receive a\nhigher payment if your policy pays Replacement cost.<\/p>\n\n\n\n

Deductibles may seem a bit dull when compared to other\nareas. You choose $500 or $1,000, big deal. <\/p>\n\n\n\n

Not so fast! <\/p>\n\n\n\n

Many insurance companies have been forced to alter risk\nsharing practices. Beware, as some are no longer asking for a set dollar\ndeductible. Instead, you may find that your policy has a deductible that is 1\nor 2%. At first blush, it sounds like a pretty good deal for the home team.\nAgain, beware! This 1 or 2% of the total and it\u2019s not the total value of the\nloss. Your deductible is based on the total value of your home. For example:<\/p>\n\n\n\n

A homeowner has wind damaged roof <\/strong><\/p>\n\n\n\n

\u00a7\nEstimates for the repair work come in at $1,500<\/p>\n\n\n\n

\u00a7 The\nhome is valued at $600,000 <\/p>\n\n\n\n

\u00a7\nThere is a 2% wind\/hail deductible <\/p>\n\n\n\n

The $1,500 loss will be shared by:<\/strong><\/p>\n\n\n\n

\u00a7 The\nhomeowner paying $1,200<\/p>\n\n\n\n

\u00a7 And\nthe insurance company $300<\/p>\n\n\n\n

 Spring storms bring\nmore than just wind and hail. Heavy rains can lead to various forms of water\ndamage. Be sure to discuss flood insurance and water backup coverage with your\ninsurance broker. Neither of these will be covered by a standard homeowner\u2019s\npolicy.<\/p>\n\n\n\n

Spring! It’s a wonderful season and our springs in Kentucky\nare certainly hard to beat. I think about how much I loved spring as a child.\nIt was by far my favorite season. <\/p>\n\n\n\n

As an adult the grandeur has diminished. How wonderful it\nwould be to experience spring through the eyes of child again. <\/p>\n\n\n\n

What is keeping me from doing it?  <\/p>\n\n\n\n

Could it be as simple as the aided stresses of being an\nadult?<\/p>\n\n\n\n

If so, then we should all take the time to review our\ninsurance coverages before the wind starts to blow. This should go a long way\nin reducing stress.<\/p>\n\n\n\n

Take care of the insurance and you’re half way<\/g> home. Of course<\/g><\/g> the other biggie is your income taxes and there you’re on your own. Have fun! <\/p>\n\n\n\n

Call (502) 410-5089 or use the link below to learn more about TruePoint: <\/strong> TruePoint Insurance, we are insuringky.com <\/a><\/em><\/p>\n\n\n\n

\"Insurance\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

Spring means storm season in Kentucky. Before the wind starts to blow take a moment to make sure your home and auto insurance has you covered.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,19,3],"tags":[64,862,861,280,850,854,63,162,27,860,858,859,855,856,857,848,851,853,852,849],"class_list":["post-811","post","type-post","status-publish","format-standard","hentry","category-auto-insurance","category-business-insurance","category-home-insurance","tag-auto-insurance","tag-buy-storm-insurance","tag-buy-tornado-insurance","tag-car-insurance","tag-hail","tag-hail-insurance","tag-home-insurance","tag-homeowners-insurance","tag-insurance","tag-is-kentucky-part-of-tornado-alley","tag-kentucky-tornadoes","tag-kentucky-wind-storm","tag-severe-weather","tag-severe-weather-insurance","tag-spring-insurance-checkup","tag-storm","tag-tornado","tag-tornado-insurance","tag-tornadoes","tag-wind"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/posts\/811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/comments?post=811"}],"version-history":[{"count":6,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/posts\/811\/revisions"}],"predecessor-version":[{"id":847,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/posts\/811\/revisions\/847"}],"wp:attachment":[{"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/media?parent=811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/categories?post=811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.insuringky.com\/blog\/wp-json\/wp\/v2\/tags?post=811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}