Disaster Preparation – Insurance Checklist

52 Steps to Business Prep

Step 1 – Insurance

Disaster Preparation – Insurance Checklist:


Get Prepared: Review and Update Your Insurance

To begin a review, start with your home inventory. Creating an inventory and storing it in a safe location away from home is one of the most basic – and effective – disaster preparedness steps you can take to help protect yourself and your financial future. A home inventory can save you time and headaches when filing a claim following a disaster.

Click here for a simple to use form and tips for completing your home inventory.



Disaster Preparation Insurance Checklist:

  1. Have you updated your home inventory to include photos, appraisals and receipts of any new purchases and stored copies of it in safe, remote locations?
  2. Have you stored copies of your insurance policy with contact details for your insurance agent and company with your inventory?
  3. Do you know whether your policy includes replacement cost or actual cash value (ACV) for losses?
  4. Have you decided if you need a separate flood insurance policy?
  5. Have you talked with your agent to make sure you don’t have too much or too little homeowners or renter’s insurance?

Insurance Emergency Checklist:

  1. Do you have phone numbers for your insurance agent and company, in case you have to file a claim?
  2. Do you know how to access your home inventory and important papers? And do you have a personal identification document with a photo to prove your name and address?
  3. Do you know if your policy requires you to file a claim within a certain time frame?
  4. Keep all correspondence and a log of when you speak with your agent or an insurance company representative.
  5. Have you documented the damage with photos or videotape?
  6. Make temporary repairs and save all receipts.
  7. Contact the state insurance department if you feel you are being treated unfairly.

Via www.naic.com

Don’t forget to ask about loss of income insurance that will cover medical emergencies as well as natural disasters.

Are you covered if your vendor goes out of business or is impacted by a major event?

What if your vendor is sued and your brand is impacted? Are you covered?

What if a child becomes sick how will your business continue and what will insurance cover?

These same questions will apply to home and business and are more critical if you have a home business.