It's Hurricane Season

Don’t wait until it’s too late to see if you have the coverage you need.

BUY OR REVIEW YOUR HURRICANE COVERAGE TODAY.

FACT VS FICTION

Personal Coverage

 

Fiction

You should unplug your appliances before a storm.

Fact

You should unplug appliances once the power has gone off — this allows you to use them for the maximum amount of time. Plus, it’s often when reconnections are made that many appliances suffer damage.


Fiction

If your car is insured, it’s covered for hurricanes.

Fact

Get the details. Comprehensive coverage insures your car for hurricane damages less any deductible — but damage to a car isn’t covered if it’s parked near the airport after a notification of a Named Storm and within 72 hours before a storm hits Bermuda.


Fiction

A comprehensively insured boat is fine in the water during a hurricane.

Fact

If the mooring isn’t storm approved, you may be required to take your boat out of the water. Taking it out may also be a good idea if you’re liable for any deductible if the boat suffers storm damage.


FACT VS FICTION

Commercial Coverage

 

Fiction

I’ll be at a financial loss if my business needs to shut down because of a hurricane.

Fact

If a business can’t operate because of damages to the premises caused by a ‘covered peril’, Argus can cover the financial loss for as long as it takes to return to normal operations.


Fiction

Because I rent my commercial space, I’m covered under my landlord’s insurance.

Fact

Building insurance will cover the structure, like the walls, ceiling, cabinetry, and general appliances if they’re listed in the lease, but you’re responsible for the contents. Contents insurance will cover the stuff you depend on, like inventory, supplies, furnishings, and equipment. You may even want to separately insure highly-specialized or expensive gear.


Fiction

My coverage from a few years ago will still protect me today.

Fact

If you’ve made any updates to your business or commercial space, you also need to update your insurance to reflect its current value. Review the amount you’re insured for and make a detailed list of your assets, with photos, to be sure you’ll be fully compensated. Read our article, ‘Underinsurance can mean that you are under-protected’ to learn more.

Hurricane Readiness

What to do before, during, and after a storm.

The above advice has been compiled from our experience of previous storms and has proved helpful in the past. However, every storm is different and every resident faces different issues. If any damage is suffered during a severe storm, even after following this advice, Argus is only responsible to the extent provided in any policy issued to the injured party. Likewise, if there was advice that could have been included in this advisory and was not, Argus is only responsible for any damage incurred due to a severe storm to the extent provided in any policy issued to the injured party. Under no circumstances does Argus accept any liability of any kind suffered by any person who may rely upon this advice but who does not hold a policy of insurance issued by Argus in respect of windstorm perils.