Severe Weather Preparedness Week is Feb. 4-8, and Insurance Commissioner Jim Beck wants to remind homeowners, renters, and business owners of some vital tips to protect their property from weather-related hazards.

While Georgia weather has been known to spawn tornadoes throughout the year, the months of March, April, and May are when they are most likely to strike. Even recently, Georgia has seen tornado activity as early in the year as January.

“With tornado season quickly approaching, I urge all Georgians to create an emergency plan for their family to be used in the event a tornado is detected in their area,” Beck said. “People should also be familiar with steps they can take to minimize damage to their property and avoid financial hardship that can be caused by hazardous weather.”

Commissioner Beck offers the following tips and reminders:

- Make a list of valuables such as jewelry, furniture, and electronics, and make a photo or video record of your possessions and store them in a safe place outside your home or by using a remote online service. This will ensure that your insurance agent is able to accurately evaluate the value of your loss.

- Be aware that most standard homeowner’s insurance policies do not offer protection against flood losses. For this reason, you should contact your agent to better understand what exactly your policy covers.

- Before deciding what coverage best suits their needs, policyholders should know the difference between actual cash value (ACV) and replacement cost coverage for their property. An ACV policy replaces possessions at cost minus depreciation. If you have replacement cost coverage, your possessions will be replaced at today's prices.

- If disaster strikes, contact your agent or insurance company immediately to start the recovery process.