1 / 7

Waldo Canyon Wildfire: What We Learned From a Total Loss of Our Home

Waldo Canyon Wildfire: What We Learned From a Total Loss of Our Home. Howard L. Donaldson Present (Temporary) Home: 80920 Back to the Future: 2615 Rossmere Street 80919. OVERVIEW. Mitigate, Mitigate, Mitigate Homeowner’s Insurance/Black Forest Fire Document, Document, Document

tavita
Download Presentation

Waldo Canyon Wildfire: What We Learned From a Total Loss of Our Home

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Waldo Canyon Wildfire:What We Learned From a Total Loss of Our Home Howard L. Donaldson Present (Temporary) Home: 80920 Back to the Future: 2615 Rossmere Street 80919

  2. OVERVIEW • Mitigate, Mitigate, Mitigate • Homeowner’s Insurance/Black Forest Fire • Document, Document, Document • Epilogue: Final Thoughts

  3. Mitigate, Mitigate, Mitigate • Read/heed the new Fire Code Provisions • Examples • Why they are vitally important • Consult Fire Department experts: follow their advice completely • Eliminate/minimize Dangerous Growth • Bottom Line: Try to ensure grass fires remain grass fires

  4. Homeowner’s Insurance • Can’t Have Too Much—But KNOW what you have BEFORE you need it • Call Policy Service Experts NOW, and ask: • “In the event of a total loss, what would you pay?” • “What is Coverage A; B; C; D? How are they related? How did you determine amount of A?” • “What is ACV? RCV? Depreciation?” • “What other coverage do I have? Code changes? TLE? Inflation Protection? Debris removal/demo?” • What happens if/when you are underinsured?

  5. Black Forest Fire • Huge Problem: Too many homeowners are significantly UNDERINSURED • Reason: ALL coverage categories are a percentage of “Coverage A” (Dwelling) . . . • . . . If that is inadequate, cumulative effect throughout . . . With tragic consequences • Examples

  6. Document, Document, Document • Burden MAY be on you to establish “Scope of Loss”—the VALUE of the property destroyed • That means you MAY have to prove EVERYTHING you owned . . . AND their values • Appraisals and Receipts—HHGs inventories from previous moves • Video Recordings • Photographs: one picture is worth a thousand words . . . And maybe even thousands of dollars

  7. Epilogue: Final Thoughts • Have a Personal Preparedness Plan • First Responders • Colorado Springs Community • www.coloradospringstogether.org • Merchants/fellow citizens • What if your Insurance Company balks? Is a “Public Adjuster” the answer? • Will you need to involve an attorney? • Community Assisting Recovery—“CARe, Inc.” www.carehelp.org

More Related