Spring has sprung, and even though many in the country are still suffering under the dying spell of winter, evidence abounds that a gradual thaw is in effect. While this fact may sound like great news to the majority, the insurance industry is seeing it as a reason to brace for the increased chances of floods and reminding homeowners that now is the time to seek coverage. But don’t bother asking your dedicated agent for a quote for homeowners insurance flood protection—standard homeowner policies don’t offer protection against floods.
So what do consumers who live in high risk areas do to protect themselves against the possibility of floods? The National Flood Insurance Program (NFIP) www.floodsmart.gov offers flood insurance policies that are separate from homeowners insurance policies, and are the primary resource for consumers looking to shore up protection for their assets. Coverage can also be obtained from private flood insurance companies, but these are few and far between.
To verify coverage for all other types of disasters and scenarios—both predictable and unpredictable—consumers are urged to shop around to see what’s out there, even if they’re already happy with their existing coverage. Insurance industry experts are in unison on the opinion that it’s important for consumers to compare homeowners insurance policies as a way of guaranteeing the best level of coverage at the best possible prices.
How does the Insurance Company Determine the Cost of Each Driver on My Policy?
Thanks to online comparison tools, car owners looking for the best auto insurance coverage can look at competing quotes from a range of insurance companies. Many wonder how a company determines the...
Read More →
Do Wood Burners Change your Home Insurance Premiums?
If you install a wood burner or wood stove in your home, your homeowners insurance policy may need to be updated to comply with state insurance regulations. Laws vary from state to state, and it wo...
Read More →
Tips on Staying Sane During the Insurance Claim Process
Combining home and auto insurance is a great way to save money, and it can also save you a bit of sanity— especially when it comes time to pay the monthly bill. But all of that peace of mind ...
Read More →