By: Advocate Brokerage
Rain, rain, go away. It’s a nice thought but unfortunately, rain happens and there isn’t much we can do to prevent it. What we can do is have a conversation about flooding; the damage excess water can do to a home and the flooding coverage that is available to help you protect yourself.
According to NOAA, over the last 20 years, the United States has experienced double the number of storms (or other natural events) than the previous 20 years and they produced damage of over 1 billion dollars.
Even if you live nowhere near the ocean, considering flood insurance like the kind that is offered by our friends at Chubb is a smart idea. Especially when you consider that just a few inches of water can add up to 10’s of 1000’s of dollars in damage.
All homeowners need to be aware that although some homeowner policies offer limited coverage for water damage, it does not offer protection from flooding. (For example, you may be covered for water damage due to a sump pump failure or a burst pipe.) Flooding is typically a standard exclusion on all home insurance policies.
We would love to discuss your options for coverage including policies from high-end carriers, such as CHUBB that offer specialized flood products for existing insurance clients.
We can think of a few reasons…
Don’t wait. If you have not explored the possibilities of implementing flood coverage, give us a call. After all, if the past couple of years have taught us anything it’s this…expect the unexpected. Rain happens and so does flooding so it makes sense to be proactive about your insurance coverage. You shouldn’t wait until you hear about a storm heading your way to put coverage in place! If you have any questions or concerns, please give us a call.