As you know, a home is more than just a major financial investment. Your home provides you and your family with shelter from the dangers of the outside world. Our goal is to help you ensure that this “shelter” is as safe as it can be, and that your insurance coverage is sufficient to protect your assets.
With these goals in mind, and as part of our ongoing commitment to safeguard families and homes from disasters, the Federal Alliance for Safe Homes, Inc. (FLASH®), in partnership with The Actuarial Foundation, is pleased to provide you with this informational resource promoting safety, and the financial security that comes from being properly insured. As you know, home ownership comes with many responsibilities; the most important of which is protecting the financial investment you’ve made in your home. In this guide, you will learn about the major perils that threaten your property. You’ll gain a better understanding of different insurance products and forms, which vary for different types of disasters, as well as the many steps you can take to mitigate potential losses from natural disasters.
Moreover, this guide was designed to help you answer these important questions:
- What coverages are appropriate for my living arrangement?
- Who sells these coverages?
- What coverages do I need to purchase? Are they available?
- What perils are covered in the policy I purchase?
- What is the proper amount of insurance to purchase?
- Are there steps I can take to lower my premium?
It is our hope that you never have a reason to file a homeowners insurance claim. But should that day come, we want you and your family to be safe…and covered.
Eileen C. Streu, CAE
The Actuarial Foundation