Americans Are Flirting With Disaster

The truth of the matter is that natural disasters are becoming more and more common. While you may not have been affected by a disaster like a tornado, hurricane, or earthquake yet doesn’t mean you’re immune. In fact, 97% of the U.S. population has been impacted by a federally declared disaster since 2010. To add to the growing concern, about $60 billion in uninsured losses were reported in 2021 alone. It’s clear the perfect storm is brewing for financial strain in the wake of a natural disaster, making the right coverage more important than ever. It’s why we created Recoop. Instead of rolling the dice and hoping Mother Nature leaves you alone, start by diving into what your current homeowner’s policy covers – and leaves out. By searching for terms like “limits of coverage”, “eligibility”, and “exclusions”, you can start to identify where your current plan leaves you hanging and [...]

2022-07-14T20:06:10+00:00Tags: , |

Tick Tock: The Home Insurance Waiting Game

Whoever said patience is a virtue clearly never had to wait on a home insurance claim to be paid out. After a disaster touches down, you’re stuck dealing with the physical damage sustained by your home, trying to figure out a short-term housing solution, and grieving the loss of irreplaceable items, so waiting to receive the funds from your insurance claim can only make matters more stressful. In 2021 alone, natural disasters in the U.S. totaled approximately $145 billion – that’s billion, with a B. The fact of the matter is that weather-related disasters aren’t slowing down anytime soon, and they can spell financial ruin for many Americans who don’t receive financial assistance from an insurance claim soon enough. While you may think your homeowner’s insurance policy will take care of everything quickly, that’s not always true. Depending on where you live and state laws, an insurance claim can take [...]

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