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Ease Rating: Medium
5 - ~80% target progress (2,000+ kg CO2e)
4 - ~60% (1,000 - 2,000 kg CO2e)
3 - ~20% (500 - 1,000 kg CO2e)
2 - ~10% (100 - 500 kg CO2e)
1 - <10% (<100 kg CO2e)
0 - <1% (<30 kg CO2e)
No. of People Influenced Beyond You: 0.
Amount of Savings: n/a
Impacts: đź’ł Save Money
Categories: Resilience
Description
Whether a renter or an owner, if you are responsible for insuring your home and its contents, make sure you have the right coverage and possibly save some money by periodically reviewing your policy. Most importantly, in the event of a disaster, you are less likely to be surprised by a shortfall in your coverage if you stay up to date in this way.
Climate change is forcing insurers to evolve their policies continually. If you live somewhere with increased flood or fire threat, it is possible that your coverage has changed or you are not covered for that type of climate event at all. Or perhaps your property is now in a flood or fire zone when previously it was not.
Be proactive and ensure you are covered, or at least make an intelligent decision about how much coverage you want to avoid a nasty surprise later.
Tips
• Make it a habit to check your policy at least annually, perhaps around the time you prepare your taxes, when you are already working with your financial papers.• Flood insurance is often sold separately from regular home insurance and can depend on government definitions of flood zones. If you think you are covered already, it might be worth double-checking to confirm that.
• Use online resources such as this one to give you ideas of what and how to check your plan.