To put it mildly, March of 2018 was a doozie in terms of storms. For many, the 3 nor’easters that hit Massachusetts were a reminder of how important homeowners’ insurance can be. They also underscored how a little prevention can minimize the financial cost of storm damage.
Many homeowners don’t realize that they can easily do more to limit their exposure. For example, major storms typically deliver a 1-2 punch. The first is damage from the storm itself. The second is damage that results from power outages. For homes with sump pumps, this can be a real problem. Without power for your sump pump, the rising water table can cause significant damage to basements. Even with insurance, homeowners can still be on the hook for more than they think. That’s because those policyholders who have purchased broader coverage are still limited to a maximum limit of $2,500 or $5,000.
To address this, homeowners should consider a battery backup system. These are relatively inexpensive and can save you hundreds … maybe even thousands. For more information on battery backups, visit your local home center. Be sure to ask us how affordable it can be to extend the built-in limits of your homeowners’ policy too. We’d be happy to talk with you about it.