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Emergency Preparedness: The Importance of Tree Maintenance Before a Storm by Travelers Insurance9/24/2024
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It's important to know that most home policies don't cover flooding and just a few inches of water damage can cost thousands. Even those who don't live near water are at risk, because anywhere it rains, it can flood.
Heavy rains, clogged or insufficient drainage systems, nearby construction projects, broken water mains and inadequate levees and dams can cause flooding that put your Home and belongings at risk. Your home is one of your greatest investments. It's important to prepare ahead in the instance that a disaster could occur. Here are three simple steps to help make sure you're ready in the event of a Flood.
Remember, high winds can be the main cause wreaking havoc on your belongings.
Click here to read more! Understanding Hurricane and Flood Coverages Hurricane season began on June 1st! Does your current insurance cover wind or flood damage? Get prepared, review your policy today. https://bit.ly/3y5Zvy9
#hurricanepreparedness Do you know what to do when a storm threatens? Prepare for hurricane season by taking the time now to understand the actions needed when time is of the essence. noaa.gov/get-moving-when-storm-threatens Are you a business owner? Here are two alarming statistics about natural disasters for you: As many as 4 of 10 businesses that experience a natural disaster never recover. Worse, at least 1 in 4 businesses that are forced to close in the wake of a disaster never reopens. And if your business is small, or if all of your operations are in one location, the outlook worsens. If your business is located in a hurricane zone, you need to have a disaster plan in place. Luckily, you have an abundance of resources. You can find step-by-step help for disaster planning, response and recovery in FEMA’s Emergency Management Guide for Business and Industry. Other sources include ready.gov and the Insurance Institute for Business and Home Safety (IBHS). Insurance Considerations Once the hurricane has passed, you may need quick access to funds to: 1. Repair damage to your business property. 2. Mitigate lost income. Does your business have insurance to provide the funds necessary to survive a disruption in your income? What should you consider when reviewing your business’s insurance plan? Direct Hurricane Damage Review your property insurance for common threats. Be sure your policy includes coverage for the threats commonly associated with hurricanes, such as wind damage and falling trees. Note that many standard property insurance policies do not include coverage for common threats such as damage caused by flooding, power outages, or the cost for repairs specifically associated with building code compliance. (For example, if the electrical wiring in your building is not up to code, any additional cost incurred during storm repair to update the electrical system to meet code would not be covered). Don’t assume coverage is perfect. Even if you see that a threat is covered by your policy, note that the coverage for some items may be limited. For example, many policies will cover damage caused to your property by a fallen tree, but the cost of removing the fallen tree may be limited or not covered at all. Your policy may also may include coverage limitations for outdoor property such as fences and signs as well as personal property (like tools, equipment or stock) that is left outdoors. To help identify coverage and limitations, consider scheduling a policy review with your Trusted Choice® Independent Insurance Agent at First Community Financial Group. Review your deductible. Some policies include a separate deductible for claims caused by a hurricane or named storm. Such a deductible is typically higher than the policy’s deductible for other types of claims like fire or theft. A hurricane deductible may be calculated based on a percentage of the value of property at the time of the damage. For example, say your building is valued at $100,000. Your policy includes a standard deductible of $1,000 and a separate “hurricane deductible” of 4%. If your building is partially damaged by a fire, you are responsible for the first $1,000 before the insurance company will kick in any funds. However, if your building is partially damaged by a hurricane, you are responsible for the first $4,000. Note that some states have laws regarding the application of such deductibles. To see if your state has special rules regarding deductibles, contact your Trusted Choice® Independent Insurance Agent. Floods, a Consequence of Hurricanes Floods are the most common and costly natural disaster in the U.S., according to FEMA. The definition of “flood” encompasses many sources of rising or flowing water and includes torrential rain and tidal surge. It’s no surprise that flooding usually accompanies a hurricane, and the damage it causes can be costlier and more widespread than that caused by a hurricane’s winds. It’s essential for you as a property owner to know that most property insurance policies do not cover flood damage. Flood insurance is typically available through the National Flood Insurance Program (NFIP) and may be available from other insurance companies as well. Your Trusted Choice® Independent Insurance Agent is the best source to assist you in putting together a flood insurance plan for your business. Lost Income It’s easy to see how significant property damage from a storm could harm your business. But here’s something you may not know: The resulting loss of continued income is the leading reason so many businesses are never able to reopen after the storm has passed. The good news is that there’s a type of insurance designed to help businesses like yours maintain an income stream after the storm. It’s called business interruption insurance, and it provides income for your business to fulfill its financial obligations (like bills and payroll) as well as to mitigate financial losses due to fewer customers. Unfortunately, all too few business owners know about business interruption insurance, or they make the costly decision not to purchase it. Business interruption insurance can also mitigate supply chain disruption caused by a hurricane. For example, say your restaurant survived the storm with little or no damage, but your primary food supplier’s warehouse was destroyed. Even though your restaurant was not directly damaged, the financial consequence of the hurricane to your business is still significant. Ask your Trusted Choice® Independent Insurance Agent if it may be possible to amend your business interruption insurance policy to include coverage for your business should another business on which yours depends suffers crippling damage. Include Insurance in Your Disaster Plan You need a disaster plan for your business, and no disaster plan is complete without a review of your insurance coverage. For assistance, call your Trusted Choice® Independent Insurance Agent today at First Community Financial Group 936-327-4364. Content provided by Trusted Choice®. Anyone who's been through a flood knows that recovering after this kind of disaster isn't easy. You're forced to accept that irreplaceable family treasures and memories may be gone forever, your furniture is destroyed, potentially along with your home. It's a devastating and emotional moment and a lot to take in all at once. But you know the only thing you can do is move forward, and begin the steps needed to restore your home. As soon as the floodwaters recede, you can return to your home as long as officials give the OK to do so. Before entering your home, however, make sure it is safe! Tips for staying safe upon return:
Bring waterproof boots, a first aid kit, cleaning supplies and a battery-powered flashlight with you before entering the house! You never know what you'll run into. Tips for claim reporting: Another important step to take when recovering from a flood is reporting your loss immediately to your insurance agent or carrier. While flood coverage is typically not provided under most homeowners and renters policies, flood insurance may be available to you through the federally regulated program known as the National Flood Insurance Program (NFIP). If you need assistance to locate your flood insurance carrier, you can call 1-800-621-FEMA (3362). A claims adjuster should contact you within a day or two after report of the claim, depending on the severity of the flood event. When reporting a claim, you should have the following information available:
When the adjuster arrives, they will inspect your property including taking measurements and photos and give you an overview of the NFIP flood claims process. Remember that some flood insurance claims are more complex than others. Some may be opened and closed quickly, while others may take weeks or even months to resolve. If your vehicle was also damaged in a flood event, it's best to call your auto insurance provider to see if you're covered for the loss. Contact us today for a free Flood Quote. I’ll start off by saying the obvious – losing power in your home in Texas is no fun. Whether it’s due to a storm, freezing weather, a short circuit or a squirrel that decides to climb up on a power line and start chewing (this happened to me one summer), losing your electricity can happen any time of the year for an abundance of reasons. If you don’t have any backup, you’ll either have to stick it out until it turns back on, go stay in a hotel or temporarily move in with friends and family. If you have a generator, it can definitely help your life go back to normal in the event of a power outage. However, because you rarely rely on them, it’s easy to overlook some basic safety measures that go along with operating a generator. Whenever you use your generator or if you decide to invest in one, keep these tips in mind to avoid carbon monoxide poisoning and other serious issues that can happen with the misuse of generators.
If you own an older portable generator and want to reduce your risk of carbon monoxide even more, it might be time to invest in a new one. According to Consumer Reports, a handful of new portable generators provide a built-in sensor that activates an automatic shutoff if CO builds up to a dangerous level in an enclosed space. This may be your best option if you want to ensure a safe space for you and your family. Generator Safety Tips - Consumer Reports |
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