We love to track the milestones in our kids’ lives, from their first steps to their last day of college. But someday we won’t be around to celebrate those milestones. Give me a call to talk about insurance options.
PLEASE
Stop telling people on Facebook you are leaving town!
You want to have things to come home to right ???
5 Things Homeowners Need to Know to
Prepare for 2020’s Flood Season
Flood season is upon us. According to the National Oceanic and Atmospheric Administration, this flood season promises to be a wet one, with 23 states likely to face moderate to major flooding.
1. Homeowner’s insurance does not cover flood insurance.
No, this is not new in 2020. But the reality is that many homeowners still don’t realize that a standard homeowner’s policy does not cover damage caused by flooding.
2. More homeowners are at risk than they think.
Many homeowners don’t think about their flood risk unless they live in a high-risk area, such as one prone to hurricanes. But flood risk exists everywhere – not just on the coasts, and 20 to 25 percent of claims paid by the National Flood Insurance Program (NFIP) are outside of “high-risk” areas. This year, one in three homeowners in the lower 48 are expected to be affected by flooding.
3. Not every part of a building is insured the same way.
Homes come in all shapes and sizes, and certain features may be ineligible for coverage or incur limits on coverage. Fortunately, in Texas we do not have basements. But there are limitations on elevated homes.
4. FEMA has extended its flood insurance premium payment grace period.
For homeowners who are covered by a flood insurance policy, FEMA has extended its payment grace period from 30 to 120 days. COVID-19 has disrupted many people’s finances, and this change makes it a bit easier for policyholders to maintain their coverage during a time of increased flood risk.
5. 2020’s hurricane season will likely be worse than average
Colorado State University hurricane forecasters predict that 2020’s hurricane season, which begins June 1, will be worse than average. They are predicting there will be 16 tropical storms, that eight of them will become hurricanes, and that four of those will become major hurricanes.
For some perspective, an average season produces 12 tropical storms, half of which develop into hurricanes. Last year, there were 18 tropical storms. Six became hurricanes, three of them major.
Hurricanes cause loss, plain and simple. Dorian, a Category 5 that weakened to a Category 3 as it neared Florida in September 2019, caused an estimated $500 million to $1.6 billion in insured losses in the United States and an additional $2 billion in the Caribbean.
Homeowners Need Insurance to Prepare for the 2020 Flood Season
Only 15 percent of homeowners have a flood insurance policy! It’s true that there is typically a 30-day waiting period before flood insurance goes into effect after purchase. The sooner you apply the sooner coverage will be in force.
One question we are frequently asked is should you file a police report?
Filing an accident report with the police is an essential step to take after a car accident. The police report can provide valuable information for your car insurance company, and it can help protect you in the event of an accident-related lawsuit.
Provide as much detail as possible and include simple drawing to illustrate the position of vehicles involved.
With the world being asked to isolate, we understand texting has become a lifeline to family. Driving takes focus. Give it the attention it deserves. Here’s a friendly reminder to always drive distraction-free.
Happy 4th of July
Parents are often concerned when their youthful drivers begin operating their vehicles.
Accidents Happen!
Part of the preparation should include instructions on "What to do in the event of an accident."
As a licensed agent we can help.
Uninsured motorist wasn't always an available coverage option. In 1957, Farmers® co-founder Thomas Leavey had the idea to offer uninsured motorist liability coverage for those struck by an uninsured driver. Call me to double-check your automobile coverage.
Keep in mind the message you are sending and the message being received by undesirables may not be the same.
On 12-30-2020 new FEMA flood maps went into effect. Some benefited from the change and moved to a preferred zone.
Some were adversely impacted and moved into a non-preferred zone.
Keep in mind that lenders who insure their loans are required to verify that homes in non-preferred flood zones maintain flood coverage.
Ironically we received a notice from our lender that our office was impacted and is now in a non-preferred zone.
Good news is that your property may qualify for a preferred rate throug the “newly Remapped program” or private flood insurance.
If you get a similar letter and need help reviewing your options? Give us a call.
This is not the year to regret what we don’t have, it is the year to be Thankful for what we do have.
Looking forward to 2021.
Only two days remaining in this years individual health insurance open enrollment period.
Statewide Health Insurance
November 1, 2020 at 8:03 AM ·
Open enrollment starts today and runs through December 15 for January 1, 2021 effective date!
Get immediate on-line quotes at www.StatewideHealthInsurance.com
This years Pearland Annual Christmas Parade has been cancelled!
We will not be seeing you in the parade this year but want to wish you and your family a safe and Merry Christmas.
Craig Slater
December 4, 2010 at 1:45 PM ·
