This is not moto-related, but we live in a fire/flood/quake prone area, and so in that regard, it’s highly relevant to our lives as homies in the same community.
A buddy of mine wrote this, and while I knew a fair amount about home, landlord, and renter’s insurance (I built an insurance business as a component inside my last company, which did a number of things in the rental real estate space), I still learned a ton from this in terms of being prepared as possible when disaster strikes, and steps to take when it does. At the end, Matt lists a bunch of great tools to help get you there.
Helpful …One thing I’ve learned from reading is to never say you suffered a “flood” if it’s actually water damage from a water heater, burst pipe, etc. Saying “flood” will give the claim process plausible deniability of your claim. Then you’re stuck having to prove it wasn’t what you said.
One thing that I have learned from personal experience is with an ABnB I operate/own. The guests at the time burned down my kitchen (doing something really dumb). ABnB insurance doesn’t cover replacement. They quoted about 30% of the replacement (long story). I had to use State Farm to cover the claim …which worked out perfectly. So, if you think that ABnB is going to cover a major loss, they don’t cover it entirely. They say that they do, but what happens is that their adjuster evaluates the property based on age/depreciation. And, the space I had/have at that time was only 4 years old.