A violent storm formed over Oklahoma on Thursday, spawning a series of tornadoes as it made its way across the country over the weekend. The storm killed 45 people before heading out to the Atlantic on Sunday. Some of the worst damage was done in North Carolina, where State Farm has reported receiving over 2200 claims of tornado damage.
How many of those claims will actually be covered under the victim's home owners insurance policies? Because wind events are covered under most policies, unlike flood and hurricanes, tornado claims are relatively uncomplicated. Most standard home insurance policies offer up to $150,000 in coverage against tornado damage.
But it is still important to review your policy in the event of a tornado (or better yet, before).
Here are a few important steps to take after a tornado has hit your property:
- Call your home owners insurance carrier immediately and give them all of your contact information.
- Collect information that will help settle the claim. Take photographs of any damage, and collect previously taken photos and receipts of items you may have lost. Keep records of relevant conversations.
- Do not rush into contracts with any repair providers. Take business cards, get written estimates and don't spend a lot of money on temporary repairs. Some less reputable companies may take advantage of tornado victims.