Over the past few years, major losses due to hurricanes, tsunamis etc. have affected reinsurance rates and premiums will be increasing. Be sure to ask questions about the Carrier or Underwriters of your policy, financial background, reinsurance arrangements, claims handling etc. Remember, "The only time you really need them, is the time when you REALLY need them".
In the event of a claim, notify your Insurance Agent/ Broker or Company immediately, if it is a motor vehicle accident, notify the Police also, as a report will be required. For property incidents or losses, first ensure the safety of yourself and family, and the protection of your assets. These costs can be included in the claim settlement. Keep a copy of your policy or Insurance cards with a family member outside your home, or at an office or bank safety box.