Courtesy of iii.org Qualifying for FEMA assistance Q. How can I tell if my area has been declared a disaster that qualifies for FEMA assistance? A. The DiasterAssistance.gov website has a tool that will help you find out if you live in a declared disaster area. Q. If I received disaster assistance last year, could I get it again this year? A. Assistance may be available if you suffered damages from a previous, federally declared disaster. Q. My child is a U.S. citizen, but I am not. Can I apply for FEMA disaster assistance? A. If anyone in an affected household is a U.S. citizen, non-citizen national or qualified alien (aka a Green Card holder), he or she is eligible to apply for FEMA disaster assistance. If a minor child is eligible by these criteria, even when other members of the family are not, the family can file an application on the child’s behalf. In this case, all identification documents have to be under the child’s name and Social Security number. A copy of …
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What is Business Interruption Insurance?
Courtesy of iii.org Business interruption insurance can be as vital to your survival as a business as fire insurance. Most people would never consider opening a business without buying insurance to cover damage due to fire and windstorms. But too many small business owners fail to think about how they would manage if a fire or other disaster damaged their business premises so that they were temporarily unusable. Business interruption coverage is not sold separately. It is added to a property insurance policy or included in a package policy. A business that has to close down completely while the premises are being repaired may lose out to competitors. A quick resumption of business after a disaster is essential. Business interruption insurance compensates you for lost income if your company has to vacate the premises due to disaster-related damage that is covered under your property insurance policy, such as a fire. Business interruption insurance covers the revenue you would …
Home Inventory Tips for Insurance
Courtesy of iii.org The holidays are a time of giving and receiving gifts, but would you be able to replace those gifts if they were destroyed in a fire or other disaster? A home inventory is the best way to protect your personal possessions, yet only 50 percent of homeowners said they had an inventory in a 2016 Insurance Information Institute (I.I.I.) survey. That’s where Know Your Stuff®, the free, award-winning home inventory app can help. The I.I.I.’s Know Your Stuff® home inventory app allows you to enter information on mobile or desktop and syncs across all your devices so you can access it anywhere, at any time. It can help you: Purchase enough insurance to replace the items you own, if they are stolen or damaged. Get insurance claims settled faster. Substantiate losses or charitable donations for tax purposes. Keep track of items that require maintenance or repair. Declutter and organize your home. “With the average property damage and liability claim …