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2018 Hurricane Season; This means wind and flooding- are you protected?

Hurricane Sandy is still fresh in the memory of many business owners and homeowners in the Eastern part of the United States. While most hurricanes are best known for their high wind velocity, a storm like Hurricane Sandy was known for the damage that was created by the accumulation of surface water, overflow of inland or tidal waters, and overall flooding conditions.

FAQ Hurricane Insurance Coverage And Named Storm Endorsements

 

The Atlantic hurricane season has already been underway for a couple of months now, running officially from June 1 to November 30, 2015.  The 2015 hurricane season is expected to be relatively tame, with various agencies projecting a below average season with 3 to 5 hurricanes, only 1 or 2 of which will qualify as major hurricanes.

Damaged Structures Uncover Fractured Insurance Coverage

Building Ordinance coverage is a vital but often overlooked area for property owners. The events that trigger this type of coverage can be obscure, but its absence can be catastrophic.

Consequential Damages: A Business’s Life Support

 

Insurance Rates To Increase For Secondary Homes This Year Under Biggert-Waters Flood Insurance Reform Act

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Effective 6/1/2014, the Biggert-Waters Flood Insurance Reform Act of 2012, will phase out Pre-FIRM subsidized rates for buildings constructed before their communities’ initial Flood Insurance Rate Map became effective. The impact of this change is a 25% rate increase on buildings defined as secondary homes.