Springtime Review of Homeowners and Flood Insurance

Did you know that Homeowners policies do not cover losses due to flooding? Some policies even need to be properly endorsed to include water backup from sewers and drains. Spring is a good season to review these coverages prior to the upcoming hurricane season here on the East Coast. Further, although your mortgage company may not require a flood policy due to the fact that your home may not be located in a Flood Zone A (an area that is expected by FEMA to flood once every 100 years), it is still a good idea to review this exposure.

We can perform a flood zone determination, and make a recommendation based on your specific needs. If you are not located in a Flood Zone A, the premiums are very inexpensive.

Also, statistics show that most homes are under insured, which means that in the event of a total loss, you may not receive from the insurance company sufficient funds to rebuild what you lost. In fact, most insurance companies report that it is rare that after a total loss, there remains additional limits in the policy that were not needed to rebuild, another indication that most homes are under insured.

We utilize the latest software programs that can determine an estimated replacement cost for your home, and this service is free!

Please call to request additional information.