Also covered under Personal Lines are Umbrella policies. For that extra layer of coverage and that extra layer of comfort, you can get an Umbrella or Excess Policy to make sure you stay financially sound.
Rising Waters Require Special Coverage
Floods and flash floods can occur anytime, anywhere, in all 50 states — on coasts, in the mountains, along rivers, and in the middle of the desert. In fact, roughly 25 percent of all flood insurance claims come from areas not considered high risk.
How Can You Protect Against Flood Damage?
The Federal Government runs the National Flood Insurance Program (NFIP), which is why most home and property insurance typically doesn't cover flooding. The government draws a Flood Hazard Boundary Map that divides the country into flood zone risk areas, and their Flood Insurance Rate Map sets the coverage and premiums for those areas.
FACT: Floods are the nation’s most common and costly natural disaster and cause millions of dollars in damage every year.
FACT: Homeowners and renters insurance does not typically cover flood damage.
FACT: Floods can happen anywhere--More than 20 percent of flood claims come from properties outside the high risk flood zone.
FACT: Flood insurance can pay regardless of whether or not there is a Presidential Disaster Declaration.
FACT: Most federal disaster assistance comes in the form of low-interest disaster loans from U.S. Small Business Administration (SBA) and you have to pay them back. FEMA offers disaster grants that don't need to be paid back, but this amount is often much less than what is needed to recover. A claim against your flood insurance policy could and often does, provide more funds for recovery than those you could qualify for from FEMA or the SBA--and you don't have to pay it back.
FACT: You may be required to have flood insurance. Congress has mandated federally regulated or insured lenders to require flood insurance on mortgaged properties that are located in areas at high risk of flooding. But even if your property is not in a high risk flood area, your mortgage lender may still require you to have flood insurance.
Flood insurance helps more: Check out your state's flood history with FEMA's interactive data visualization tool. Roll your cursor over each county to see how many flooding events have happened. The tool allows you to compare how much FEMA and the U.S. Small Business Administration have provided in terms of federal disaster aid after Presidential Disaster Declarations to the amount the National Flood Insurance program has paid to its policyholders. It's easy to see that having flood insurance provides a lot more help for recovery.
TIP: Let your agent know if you have any valuables that will need scheduled coverage as well. Such as furs, jewelry, musical instruments and fine art. Most policies won't pay full price for these items if they are damaged or stolen.
What you need to know:
Call us and ask for an insurance check-up to make sure you have insurance to cover flood and wind to repair or even replace your home.
Homeowner’s insurance does not cover flood. Check your insurance coverage. Many states have increased deductibles for hurricanes and not all hurricane-related losses are covered under traditional policies. Renter’s insurance policies are also available and should be considered as a way of protecting your belongings.
WARNING!!! FRAUD IS ON THE RISE!!
Be wary of signing an Assignment of Benefits Agreement. If you have a contractor or other party asking you to sign such a document, contact your homeowner's insurance agent immediately!!
*Facts and information above provided By NFIP
A personal auto is any vehicle that is driven by a private person. This encompasses cars, trucks, motorcycles, RV's, golfcarts, and any other recreational vehicle. Not all coverage requirements are the same for every type of personal auto insurance policy.
Bastie & Associates Insurance Services
317 NE 36th Ave Ste 1