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Will Hurricane Sandy hit your homeowner's insurance?

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    Advice from personal finance expert Vera Gibbons

  • Duration 2:11
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Millions impacted of course by the storm but could the hurricane also make a direct hit on your insurance policy personal finance expert -- -- joins me now to explain.

What you need to know so so many people are gonna be in this situation.

If they even have a home left -- sport they have anything to go home to at all.

You say to get in touch with the insurance company eighths yet the sooner the better if you have extensive damage they need to know that right away -- -- has been totally destroyed effective accurate premises.

Obviously they need to get it right away so they can prior to prioritize because they've got a lot of homes to get to you got to give them the information given your contact information so that they can get you.

Given the phone numbers -- -- -- to know what your policy sense because you're gonna explain that.

Most of them don't include full attention -- the typical policy would include wind driven damaged.

Not floods that something separate -- -- had have bought that long in advance to take amending your coverage now.

In the middle of the story right after the storm but something I think -- for next time Gretchen because fewer.

Than 15 of homeowners actually have flood insurance but four out of five.

Natural disasters involved flooding and some sort so just an FYI for next time you go to -- -- Smart -- -- to get out of there okay no your deductible.

Well the standard homeowner's policies that 500 -- or thousand dollars but in some states nineteen states including a lot of -- that were affected by this storm.

Countdown Connecticut Massachusetts Rhode Island Virginia.

That insurance companies are allowed to have a special hurricane.

Deductible.

That applies only to hurricane damage -- this one to 5% of the insured by the home so if you have.

A 200009.

-- policy in you've -- -- 2% hurricane deductible you're going to be responsible for 4000 dollars out of pocket costs before the insurance actually kicks -- so.

It's a replacement value vs a standard amount of five under -- thousand dollars.

And applies to those -- on the coast.

We generally want to fibers and an intern I -- now in some places and maybe even higher than that -- just a flat and of course you need to document all your losses take photos and save all the receipts for everything that goes without saying.

Pictures and videos to when the adjuster comes they've got you've got your back up you can substantiate your losses all of that -- receipts are yet to run by a pump.

To you know bail out your salary your basement over the case may be you -- have receipts to back and I wanna get paid back right lot of information good information -- -- thanks -- that.

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