Just yesterday, I talked with my insurance agent after receiving my business insurance renewal policy. I wanted to make sure that my coverage was still adequate, since it had been a couple of years since I'd looked at it.Good thing. A huge, fast-moving storm moved through today, packing 80- to 100-mile-per hour winds. We lost two of our mature trees in our yard (see photos), although it could have been much worse. Neither tree hit the house -- although the way the wind was blowing in (straight from the west), the one in the back yard should have crashed into the house. Instead, it fell to the south, taking out the fence, but sparing the house.
Although we didn't have damage that would require filing an insurance claim, I'm glad that I have business insurance (in addition to our regular homeowner's insurance). If the tree had come into the house, we'd have business interruption coverage that would help replace the lost income from not being able to work while the home was being repaired.
As I told my husband MANY times today ... it could have been a lot worse.
Let our loss be your gain -- take the time to double-check your insurance coverage. Make sure your limits are adequate for your equipment, and consider business interruption coverage.
