Insurance Insights: Changing Climate
Although you may feel you don’t need flood insurance, you might want to consider purchasing it. The claim seems to be changing in ways that expose increasing numbers of areas to “hundred-year floods” every few years, and a basic homeowners policy will not cover flood damage. Homeowners are four times more likely to suffer flood damage than fire damage. So, while many homeowners may focus on fire protection, they must also give consideration to the possibility of flood damage. Federal flood insurance provides peace of mind to homeowners who face potential risk that is as unpredictable as the weather. Even those are not located in a Special Flood Hazard Area (SFHA) can still be victimized by floods.
If you own a business, you owe it to yourself to check into the proper plan for the right coverage. We urge you to call us and let us assist you in evaluating your current policies. Don’t risk everything you own. We encourage you to protect yourself, your family, and all of your assets with the proper insurance. To find out more, or to schedule an appointment, call us now.
Quick Tip: Carefully check your homeowners policy to get a clear understanding of what type of water-related damage is covered.