SCC Encourages Virginians to Review Insurance Before Summer Excursions

RICHMOND - Summer has arrived, and the State Corporation Commission (SCC) Bureau of Insurance (Bureau) encourages Virginians to assess their insurance coverages before hitting the road, the beach or the water.

"Don't let a lack of insurance coverage put a damper on your summer fun," said Virginia Insurance Commissioner Scott A. White. "Anticipate summer hazards now to minimize their potential financial damage by ensuring your insurance coverage is adequate and up to date."

Know your coverage
In the event of a theft, a medical emergency, an injury on your property, or damage to your home or vehicle, know the limits of your coverage and if you need additional insurance. Also understand your insurance deductibles and how to file a claim.

Swimming pools
Do you have a pool? Homeowners policies will typically provide "other structures" coverage for in- or above-ground permanent pools. Smaller non-secured pools are typically protected by personal property coverage. Contact your company or agent to confirm what your policy will cover.

Keep an inventory
When it comes to personal property, the Bureau reminds Virginians to review and update home inventories to help determine appropriate coverage for belongings and help with the claims process if damage or other property loss occurs. Free smartphone apps like the National Association of Insurance Commissioners' (NAIC) - NAIC Home Inventory - makes creating a home inventory quick and easy.

High water can affect anyone
Homeowners, renters and commercial insurance policies issued in Virginia typically do not cover damage due to flooding, surface water or storm surge. The federal government's National Flood Insurance Program (NFIP) offers flood and flood-related insurance coverage. Bear in mind there may be a 30-day waiting period for policies to take effect; trying to get coverage right before an impending storm or potential flood might be too late. Contact the NFIP at 1 800-427-4661 or visit floodsmart.gov for more information, or contact your insurance agent or company regarding coverage options.

Travel Considerations
If summer includes travel plans, understand your health insurance coverage in case you need medical treatment at an urgent-care facility or hospital. Keep policy information and insurance cards with you and be sure emergency contact information is current. If you buy travel insurance, understand what is and isn't covered before your trip, including any exclusions for pre-existing conditions.

Autos and RVs
Review your auto insurance policy prior to hitting the road. Check liability limits to ensure proper protection against personal injury or property damage because of an accident. Keep a copy of your insurance card with you and know what to do if an accident occurs.

Recreational vehicle (RV) insurance covers risks similar to auto insurance including collision, comprehensive and liability coverage. Personal belongings on board, equipment and attached accessories such as awnings and satellite dishes may require additional coverage. Virginia does not require individuals to purchase RV insurance, but lenders may require it.

Boats and other watercraft
Boat owners are encouraged to evaluate their insurance coverages before getting out on the water. Policy coverage on boats includes collision, property damage liability, bodily injury liability and comprehensive. Additional coverage options available include medical payments, personal property, roadside assistance, damages and injuries suffered in accidents caused by uninsured or underinsured boaters. Personal watercraft (PWC) may require separate coverage. Depending on the size, type and value, some watercraft may even be covered as part of your homeowners policy.

For more information about these or other insurance-related topics, contact the Virginia Bureau of Insurance in Richmond at 804-371-9741 or toll-free at 1 877-310-6560, or visit its website at scc.virginia.gov/pages/Insurance.

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Contact: Jordan Bondurant, 804-371-9141

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